Northland Securities Forecasts Strong Price Appreciation for Toro (NYSE:TTC) Stock

Toro (NYSE:TTC) had its price objective increased by Northland Securities from $80.00 to $90.00 in a report issued on Tuesday morning, Marketbeat.com reports. They currently have a market perform rating on the stock.

Other analysts also recently issued reports about the stock. DA Davidson boosted their target price on shares of Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Longbow Research upgraded shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, August 25th. Northland Capmk downgraded shares of Toro from a “strong-buy” rating to a “hold” rating in a report on Friday, June 6th. Raymond James Financial cut their price target on shares of Toro from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, June 6th. Finally, Robert W. Baird upped their price target on shares of Toro from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.60.

Toro Stock Performance

Toro stock opened at $79.87 on Tuesday. The company’s 50-day moving average price is $76.60 and its 200-day moving average price is $73.62. Toro has a twelve month low of $62.34 and a twelve month high of $89.50. The company has a quick ratio of 0.79, a current ratio of 1.88 and a debt-to-equity ratio of 0.72. The company has a market cap of $7.82 billion, a PE ratio of 24.20 and a beta of 0.80.

Toro (NYSE:TTC) last posted its earnings results on Thursday, September 4th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.02. Toro had a net margin of 7.37% and a return on equity of 28.98%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted $1.18 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. On average, equities research analysts forecast that Toro will post 4.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the transaction, the vice president owned 11,646 shares in the company, valued at approximately $826,749.54. This represents a 34.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Toro by 1.6% in the first quarter. Vanguard Group Inc. now owns 10,495,037 shares of the company’s stock worth $763,514,000 after acquiring an additional 169,865 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Toro by 16.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company’s stock worth $595,649,000 after acquiring an additional 1,156,314 shares during the period. AQR Capital Management LLC increased its stake in shares of Toro by 1,184.6% in the first quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company’s stock worth $142,827,000 after acquiring an additional 1,810,429 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Toro by 39.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company’s stock worth $111,654,000 after acquiring an additional 434,257 shares during the period. Finally, King Luther Capital Management Corp increased its stake in shares of Toro by 3.2% in the first quarter. King Luther Capital Management Corp now owns 1,077,753 shares of the company’s stock worth $78,407,000 after acquiring an additional 33,920 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

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.