Toro (NYSE:TTC) Now Covered by Oppenheimer

Stock analysts at Oppenheimer assumed coverage on shares of Toro (NYSE:TTC) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $120.00 price target on the stock. Oppenheimer’s target price would indicate a potential upside of 26.92% from the stock’s previous close.

Several other research firms have also recently weighed in on TTC. Robert W. Baird lowered their price objective on shares of Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research 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. DA Davidson lowered their price target on Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Finally, Wall Street Zen lowered Toro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.67.

Toro Stock Up 1.2%

Shares of NYSE TTC opened at $94.55 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average of $95.76 and a 200-day moving average of $94.39. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 25.28 and a beta of 0.70. Toro has a 12 month low of $67.64 and a 12 month high of $105.18.

Toro (NYSE:TTC) last announced its earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Toro had a net margin of 7.64% and a return on equity of 31.86%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $1.24 earnings per share. Toro’s quarterly revenue was up 8.4% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Sell-side analysts expect that Toro will post 4.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toro news, COO Edric Funk sold 527 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $97.97, for a total value of $51,630.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 1,528 shares of company stock valued at $149,175 over the last 90 days. 1.88% of the stock is owned by corporate insiders.

Institutional Trading of Toro

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. boosted its position in shares of Toro by 379.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after purchasing an additional 44,030 shares in the last quarter. Hsbc Holdings PLC raised its stake in Toro by 160.8% during the second quarter. Hsbc Holdings PLC now owns 41,067 shares of the company’s stock valued at $3,976,000 after buying an additional 25,318 shares during the last quarter. Baird Financial Group Inc. raised its stake in Toro by 4,227.0% during the second quarter. Baird Financial Group Inc. now owns 175,893 shares of the company’s stock valued at $17,135,000 after buying an additional 171,828 shares during the last quarter. LSV Asset Management bought a new stake in Toro in the fourth quarter worth $1,078,000. Finally, SG Americas Securities LLC grew its stake in shares of Toro by 416.7% in the first quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock worth $6,396,000 after acquiring an additional 55,206 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

About Toro

The Toro Company (NYSE:TTC) is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro’s product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.