DA Davidson Analysts Give Toro (NYSE:TTC) a $76.00 Price Target

DA Davidson set a $76.00 price target on Toro (NYSE:TTC) in a research note issued to investors on Monday, MarketBeat.com reports. The firm currently has a neutral rating on the stock. DA Davidson also issued estimates for Toro’s Q3 2025 earnings at $1.22 EPS, FY2025 earnings at $4.23 EPS and FY2026 earnings at $4.63 EPS.

TTC has been the subject of a number of other research reports. Northland Capmk cut Toro from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 6th. Raymond James decreased their target price on Toro from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, June 6th. Northland Securities reaffirmed a “market perform” rating and set a $80.00 target price (down previously from $100.00) on shares of Toro in a research report on Friday, June 6th. Robert W. Baird raised their price objective on shares of Toro from $84.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 3rd. Finally, Wall Street Zen downgraded shares of Toro from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Toro presently has a consensus rating of “Hold” and a consensus target price of $82.75.

Toro Trading Down 1.5%

NYSE:TTC opened at $70.67 on Monday. The stock’s 50 day moving average price is $71.09 and its 200 day moving average price is $77.16. Toro has a 52 week low of $62.34 and a 52 week high of $100.93. The company has a market capitalization of $6.97 billion, a P/E ratio of 17.62 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, June 5th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. Toro had a return on equity of 27.25% and a net margin of 9.14%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. On average, research analysts forecast that Toro will post 4.41 EPS for the current fiscal year.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be given a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $1.52 annualized dividend and a yield of 2.15%. Toro’s dividend payout ratio (DPR) is currently 38.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TTC. Vanguard Group Inc. lifted its holdings in shares of Toro by 1.6% during the first quarter. Vanguard Group Inc. now owns 10,495,037 shares of the company’s stock valued at $763,514,000 after acquiring an additional 169,865 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Toro by 16.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company’s stock valued at $595,649,000 after acquiring an additional 1,156,314 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Toro by 1,184.6% during the first quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company’s stock valued at $142,827,000 after acquiring an additional 1,810,429 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Toro by 39.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company’s stock valued at $111,654,000 after acquiring an additional 434,257 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Toro by 5.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company’s stock valued at $95,123,000 after acquiring an additional 60,068 shares during the period. 87.95% of the stock is owned by institutional investors.

About Toro

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.