Northland Capmk Has Pessimistic View of Toro Q1 Earnings

Toro Company (The) (NYSE:TTC) – Stock analysts at Northland Capmk reduced their Q1 2026 earnings estimates for Toro in a research note issued on Thursday, December 18th. Northland Capmk analyst E. Jackson now expects that the company will post earnings per share of $0.64 for the quarter, down from their previous estimate of $0.93. The consensus estimate for Toro’s current full-year earnings is $4.41 per share. Northland Capmk also issued estimates for Toro’s Q3 2026 earnings at $1.19 EPS, Q4 2026 earnings at $1.03 EPS, FY2026 earnings at $4.35 EPS, FY2027 earnings at $4.78 EPS and FY2029 earnings at $4.00 EPS.

A number of other research analysts also recently issued reports on TTC. DA Davidson boosted their price target on Toro from $93.00 to $97.00 and gave the company a “buy” rating in a report on Friday, September 5th. Robert W. Baird set a $84.00 price objective on Toro in a research report on Tuesday, December 16th. Northland Securities boosted their target price on Toro from $80.00 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, September 9th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Toro in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Toro currently has an average rating of “Hold” and an average target price of $92.20.

Toro Stock Performance

Shares of NYSE:TTC opened at $78.55 on Monday. The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $73.03 and a 200-day moving average price of $74.58. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 24.78 and a beta of 0.84. Toro has a 12 month low of $62.34 and a 12 month high of $87.46.

Toro (NYSE:TTC) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Toro had a net margin of 7.01% and a return on equity of 28.90%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 EPS. Toro has set its FY 2026 guidance at 4.350-4.50 EPS.

Hedge Funds Weigh In On Toro

Institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in Toro by 16.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company’s stock valued at $595,649,000 after buying 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 1st 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 in the last quarter. The Manufacturers Life Insurance Company lifted its position in Toro by 7.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 500,660 shares of the company’s stock valued at $36,423,000 after acquiring an additional 36,051 shares during the period. Raymond James Financial Inc. lifted its position in Toro by 8.8% during the 1st quarter. Raymond James Financial Inc. now owns 496,608 shares of the company’s stock valued at $36,128,000 after acquiring an additional 40,166 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in 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 acquiring an additional 124,373 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 22nd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, December 22nd. This is a boost from Toro’s previous quarterly dividend of $0.38. Toro’s dividend payout ratio (DPR) is 49.21%.

About Toro

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.