Toro Company (The) (NYSE:TTC) Given Average Recommendation of “Hold” by Brokerages

Toro Company (The) (NYSE:TTC) has received a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $101.75.

A number of research firms recently weighed in on TTC. Robert W. Baird dropped their price target on Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Weiss Ratings raised Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th.

Insider Buying and Selling

In other Toro news, COO Edric C. Funk sold 856 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $97.97, for a total transaction of $83,862.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary Lee Ellis sold 4,951 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total transaction of $455,046.41. Following the completion of the sale, the director owned 35,297 shares of the company’s stock, valued at $3,244,147.27. The trade was a 12.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,934 shares of company stock worth $1,204,933 in the last 90 days. Corporate insiders own 1.88% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings 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 worth $33,237,000 after buying an additional 124,373 shares in the last quarter. SG Americas Securities LLC raised its position in Toro by 416.7% in the 1st quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock valued at $6,396,000 after buying an additional 55,206 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in Toro by 425.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after acquiring an additional 52,457 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in Toro by 379.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after acquiring an additional 44,030 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Toro during the 4th quarter worth approximately $1,664,000. 87.95% of the stock is currently owned by institutional investors.

Toro Price Performance

Shares of Toro stock opened at $98.94 on Wednesday. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 28.51 and a beta of 0.69. The firm’s 50-day moving average price is $94.04 and its two-hundred day moving average price is $94.57. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. Toro has a 1-year low of $67.64 and a 1-year high of $105.18.

Toro (NYSE:TTC) last posted its earnings results on Thursday, June 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Toro had a net margin of 7.29% and a return on equity of 31.13%. Toro’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, equities analysts predict that Toro will post 4.6 earnings per share for the current fiscal year.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 16th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, June 16th. Toro’s payout ratio is currently 44.96%.

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.