Toro Company (The) (NYSE:TTC) Stock Has Average Price Target of $111.67

Toro Company (The) (NYSE:TTC) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $111.67.

TTC has been the subject of a number of analyst reports. DA Davidson reduced their price objective on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, September 4th. Oppenheimer assumed coverage on shares of Toro in a research note 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 “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Finally, Wall Street Zen downgraded shares of Toro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 4th.

Toro Trading Down 0.2%

Toro stock opened at $107.72 on Monday. Toro has a 12 month low of $67.64 and a 12 month high of $108.82. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 2.33 and a beta of 0.66. The business’s fifty day simple moving average is $98.24 and its two-hundred day simple moving average is $95.41. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72.

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

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 annualized dividend and a yield of 1.4%. Toro’s dividend payout ratio is 41.71%.

Institutional Trading of Toro

Institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in shares of Toro by 2.0% during the third quarter. Quadrant Capital Group LLC now owns 6,782 shares of the company’s stock valued at $664,000 after purchasing an additional 130 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in Toro by 6.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,319 shares of the company’s stock worth $227,000 after buying an additional 132 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in Toro by 7.0% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 2,411 shares of the company’s stock worth $232,000 after buying an additional 157 shares in the last quarter. BOKF NA increased its holdings in Toro by 2.7% in the 3rd quarter. BOKF NA now owns 8,364 shares of the company’s stock worth $806,000 after buying an additional 220 shares in the last quarter. Finally, Essential Partners LLC raised its position in Toro by 2.3% in the 1st quarter. Essential Partners LLC now owns 10,519 shares of the company’s stock worth $983,000 after buying an additional 233 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

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.