Toro (NYSE:TTC) Announces Quarterly Earnings Results

Toro (NYSE:TTC) posted its quarterly earnings results on Thursday. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.09, Briefing.com reports. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. Toro had a net margin of 7.01% and a return on equity of 28.90%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. Toro updated its FY 2026 guidance to 4.400-4.600 EPS.

Toro Stock Up 1.7%

Shares of TTC stock traded up $1.67 during trading on Thursday, reaching $102.40. The company’s stock had a trading volume of 344,978 shares, compared to its average volume of 899,386. Toro has a 1-year low of $62.34 and a 1-year high of $105.19. The stock’s 50-day moving average price is $91.99 and its 200 day moving average price is $81.22. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 32.30 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 0.86.

Toro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 22nd were paid a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. Toro’s payout ratio is 49.21%.

Hedge Funds Weigh In On Toro

Institutional investors have recently modified their holdings of the business. Jump Financial LLC acquired a new stake in shares of Toro in the fourth quarter valued at $756,000. Russell Investments Group Ltd. grew its stake in Toro by 0.3% during the 4th quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock worth $9,889,000 after purchasing an additional 410 shares in the last quarter. Van ECK Associates Corp increased its holdings in Toro by 4.4% during the 4th quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock worth $20,345,000 after purchasing an additional 10,835 shares during the period. Stonebridge Capital Advisors LLC raised its position in Toro by 6.9% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 9,299 shares of the company’s stock valued at $732,000 after purchasing an additional 600 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its stake in shares of Toro by 425.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after buying an additional 52,457 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TTC shares. Raymond James Financial cut Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Robert W. Baird set a $84.00 price target on Toro in a report on Tuesday, December 16th. Wall Street Zen lowered shares of Toro from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $92.20.

Toro Company Profile

The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.

Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.