Toro (NYSE:TTC) Announces Quarterly Earnings Results

Toro (NYSE:TTC) released its quarterly earnings results on Wednesday. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05, Zacks reports. Toro had a net margin of 7.37% and a return on equity of 28.98%. During the same quarter last year, the company earned $0.95 EPS. Toro’s revenue was down .9% compared to the same quarter last year. Toro updated its FY 2026 guidance to 4.350-4.50 EPS.

Toro Price Performance

TTC opened at $76.61 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79. Toro has a 1 year low of $62.34 and a 1 year high of $87.46. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 23.66 and a beta of 0.84. The stock’s 50 day simple moving average is $72.60 and its 200 day simple moving average is $74.41.

Toro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Toro’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 22nd. Toro’s payout ratio is 46.06%.

Institutional Investors Weigh In On Toro

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after acquiring an additional 124,373 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Toro by 11.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 125,215 shares of the company’s stock worth $9,541,000 after acquiring an additional 12,380 shares during the period. Captrust Financial Advisors grew its stake in Toro by 16.6% in the third quarter. Captrust Financial Advisors now owns 52,879 shares of the company’s stock worth $4,029,000 after purchasing an additional 7,511 shares during the period. Empowered Funds LLC boosted its holdings in shares of Toro by 9.8% during the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after buying an additional 3,464 shares in the last quarter. Finally, Horizon Investments LLC grew its position in shares of Toro by 88.4% in the 3rd quarter. Horizon Investments LLC now owns 29,392 shares of the company’s stock worth $2,229,000 after buying an additional 13,789 shares during the period. Institutional investors own 87.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on TTC shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toro in a report on Wednesday, October 8th. Longbow Research upgraded Toro from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday, August 25th. Northland Securities increased their price target on shares of Toro from $80.00 to $90.00 and gave the company a “market perform” rating in a research report on Tuesday, September 9th. Robert W. Baird set a $84.00 price objective on shares of Toro in a research report on Tuesday. Finally, DA Davidson raised their target price on Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Toro presently has an average rating of “Hold” and an average price target of $92.20.

Toro Company Profile

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.