Toro (NYSE:TTC) Issues FY 2026 Earnings Guidance

Toro (NYSE:TTC) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 4.500-4.620 for the period, compared to the consensus EPS estimate of 4.540. The company issued revenue guidance of $4.8 billion-$5.1 billion, compared to the consensus revenue estimate of $4.7 billion.

Analysts Set New Price Targets

TTC has been the topic of a number of recent analyst reports. DA Davidson boosted their price objective on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Robert W. Baird boosted their price target on Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Raymond James Financial lowered Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen upgraded Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $100.40.

Toro Stock Up 1.3%

Shares of Toro stock opened at $91.05 on Thursday. The business has a 50-day moving average price of $93.24 and a 200 day moving average price of $88.82. Toro has a fifty-two week low of $67.04 and a fifty-two week high of $105.18. The firm has a market cap of $8.83 billion, a P/E ratio of 27.26 and a beta of 0.70. The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75.

Toro (NYSE:TTC) last issued its earnings results on Thursday, June 4th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. Toro had a return on equity of 29.60% and a net margin of 7.28%.The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm earned $1.42 EPS. The business’s revenue was up 8.1% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, sell-side analysts forecast that Toro will post 4.52 earnings per share for the current fiscal year.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, June 16th. This represents a $1.56 annualized dividend and a yield of 1.7%. Toro’s payout ratio is presently 46.71%.

Insiders Place Their Bets

In related news, CEO Richard M. Olson sold 119,400 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total transaction of $11,957,910.00. Following the sale, the chief executive officer owned 38,186 shares in the company, valued at $3,824,327.90. This represents a 75.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin O’rourke sold 4,951 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total transaction of $492,129.40. Following the completion of the transaction, the director directly owned 2,704 shares in the company, valued at $268,777.60. This represents a 64.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.88% of the stock is currently owned by corporate insiders.

Institutional Trading of Toro

A number of institutional investors and hedge funds have recently made changes to their positions in TTC. Goldman Sachs Group Inc. boosted its position in Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after purchasing an additional 124,373 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in Toro by 425.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after purchasing an additional 52,457 shares during the period. Horizon Investments LLC boosted its stake in Toro by 88.4% during the 3rd quarter. Horizon Investments LLC now owns 29,392 shares of the company’s stock valued at $2,229,000 after purchasing an additional 13,789 shares during the period. Russell Investments Group Ltd. grew its position in Toro by 11.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 125,215 shares of the company’s stock worth $9,541,000 after purchasing an additional 12,380 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Toro by 84.1% in the third quarter. Natixis Advisors LLC now owns 25,992 shares of the company’s stock valued at $1,981,000 after purchasing an additional 11,870 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

About Toro

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.