Toro Company (The) (NYSE:TTC) Stock Has Consensus Price Target of $111.67 According to Analysts

Toro Company (The) (NYSE:TTC) has received a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $111.67.

A number of brokerages have recently commented on TTC. DA Davidson decreased their price objective on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, September 4th. Oppenheimer began coverage on shares of Toro in a report on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 target price on the stock. Weiss Ratings upgraded shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen downgraded shares of Toro from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

Toro Trading Up 1.0%

NYSE TTC opened at $98.75 on Thursday. Toro has a 12 month low of $67.64 and a 12 month high of $105.18. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average of $96.29 and a 200-day moving average of $94.38. The company has a market cap of $9.35 billion, a PE ratio of 26.40 and a beta of 0.66.

Toro (NYSE:TTC) last issued its earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Toro had a net margin of 7.64% and a return on equity of 31.86%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, equities research analysts anticipate that Toro will post 4.64 EPS for the current fiscal year.

Toro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $1.56 annualized dividend and a yield of 1.6%. Toro’s dividend payout ratio (DPR) is currently 41.71%.

Hedge Funds Weigh In On Toro

Several large investors have recently modified their holdings of the stock. Essential Partners LLC grew its stake in shares of Toro by 2.3% during the 1st quarter. Essential Partners LLC now owns 10,519 shares of the company’s stock worth $983,000 after acquiring an additional 233 shares during the period. GAMMA Investing LLC raised its stake in Toro by 8.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,550 shares of the company’s stock valued at $443,000 after acquiring an additional 351 shares during the period. Pinnacle Bancorp Inc. bought a new stake in Toro in the 1st quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Toro by 237.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock valued at $75,000 after purchasing an additional 541 shares during the last quarter. Finally, Security National Bank of SO Dak purchased a new stake in Toro during the second quarter valued at about $58,000. 87.95% of the stock is owned by institutional investors.

About Toro

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and systems used to maintain landscapes, turf and outdoor environments. Its products serve professional contractors, golf courses, sports fields, municipalities, rental companies, construction and utility operators, and residential customers.

The company’s product portfolio includes commercial and residential mowers, turf maintenance equipment, irrigation systems, snow and ice management equipment, compact utility loaders, trenchers, underground construction equipment and related attachments.