Toro (NYSE:TTC) Reaches New 1-Year High – Still a Buy?

Toro Company (The) (NYSE:TTC) hit a new 52-week high during trading on Thursday . The stock traded as high as $90.30 and last traded at $90.0950, with a volume of 70958 shares trading hands. The stock had previously closed at $89.50.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TTC shares. Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday. Wall Street Zen upgraded Toro from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th. Finally, Robert W. Baird set a $84.00 price target on Toro in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $92.20.

Toro Stock Up 1.1%

The business has a 50-day moving average price of $77.33 and a 200-day moving average price of $76.53. The stock has a market cap of $8.86 billion, a PE ratio of 28.54 and a beta of 0.82. The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63.

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

Toro Increases Dividend

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

Hedge Funds Weigh In On Toro

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Willis Investment Counsel raised its holdings in Toro by 46.7% in the 4th quarter. Willis Investment Counsel now owns 25,896 shares of the company’s stock valued at $2,039,000 after acquiring an additional 8,243 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Toro in the fourth quarter valued at approximately $579,000. GAMMA Investing LLC grew its position in shares of Toro by 10.2% in the fourth quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock valued at $274,000 after purchasing an additional 321 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Toro by 16.6% in the third quarter. Captrust Financial Advisors now owns 52,879 shares of the company’s stock valued at $4,029,000 after purchasing an additional 7,511 shares during the last quarter. Finally, Danske Bank A S purchased a new position in Toro during the third quarter worth approximately $46,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

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.