Toro (NYSE:TTC) Hits New 52-Week High – Still a Buy?

Toro Company (The) (NYSE:TTC)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $93.84 and last traded at $93.36, with a volume of 840639 shares changing hands. The stock had previously closed at $91.50.

Wall Street Analysts Forecast Growth

TTC has been the subject of a number of recent analyst reports. Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen lowered Toro from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Robert W. Baird set a $84.00 price target on Toro in a report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $92.20.

Toro Trading Up 2.0%

The company has a quick ratio of 0.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The company has a market cap of $9.14 billion, a P/E ratio of 29.45 and a beta of 0.82. The business has a 50-day moving average price of $80.70 and a two-hundred day moving average price of $77.48.

Toro (NYSE:TTC) last announced its quarterly earnings data on Wednesday, December 17th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Toro had a return on equity of 28.90% and a net margin of 7.01%.The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. On average, analysts predict that Toro Company will post 4.41 EPS for the current year.

Toro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from Toro’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 22nd. Toro’s payout ratio is presently 49.21%.

Institutional Trading of Toro

A number of institutional investors have recently bought and sold shares of TTC. Integrated Wealth Concepts LLC lifted its stake in shares of Toro by 10.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after purchasing an additional 586 shares during the period. Goldman Sachs Group Inc. increased its holdings in Toro by 37.4% in the first 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 last quarter. Caxton Associates LLP acquired a new position in Toro in the first quarter valued at about $285,000. Empowered Funds LLC boosted its holdings in Toro by 9.8% during the first quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock worth $2,826,000 after buying an additional 3,464 shares during the last quarter. Finally, Focus Partners Wealth grew its position in shares of Toro by 191.5% during the 1st quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock worth $552,000 after buying an additional 4,984 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Company Profile

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.