Toro Company (The) (NYSE:TTC) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Toro Company (The) (NYSE:TTC) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $111.67.

Several research firms have recently commented on TTC. Weiss Ratings raised Toro from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Wall Street Zen downgraded shares of Toro from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 4th. DA Davidson dropped their price target on shares of Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Finally, Oppenheimer began coverage on shares of Toro in a research note on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 price target for the company.

Institutional Investors Weigh In On Toro

Several hedge funds have recently bought and sold shares of TTC. Provenance Wealth Advisors LLC bought a new stake in shares of Toro in the 3rd quarter valued at $27,000. Integrity Alliance LLC. acquired a new stake in shares of Toro in the 3rd quarter valued at about $1,244,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Toro in the 3rd quarter valued at about $81,000. ProShare Advisors LLC increased its position in Toro by 2.6% in the 3rd quarter. ProShare Advisors LLC now owns 288,903 shares of the company’s stock valued at $27,856,000 after buying an additional 7,299 shares in the last quarter. Finally, Vise Technologies Inc. increased its position in Toro by 72.5% in the 3rd quarter. Vise Technologies Inc. now owns 9,547 shares of the company’s stock valued at $921,000 after buying an additional 4,014 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Up 0.3%

Toro stock opened at $107.72 on Monday. The firm has a 50-day moving average of $98.24 and a 200-day moving average of $95.41. Toro has a one year low of $67.64 and a one year high of $108.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 0.74. The company has a market cap of $10.20 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 2.32 and a beta of 0.66.

Toro (NYSE:TTC) last released its earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the business earned $1.24 earnings per share. Toro’s quarterly revenue 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 analysts expect that Toro will post 4.64 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, October 6th. Toro’s dividend payout ratio is presently 41.71%.

About Toro

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and solutions for maintaining outdoor environments. Its products serve professional and residential customers in areas such as turf care, landscaping, irrigation, snow and ice management, and outdoor construction.

The company’s portfolio includes zero-turn and riding mowers, walk-behind mowers, utility vehicles, turf maintenance equipment, landscape and irrigation systems, snowplows and snow removal equipment, and compact utility and underground construction machinery.