Toro (NYSE:TTC) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Toro (NYSE:TTC) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Several other brokerages also recently weighed in on TTC. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Robert W. Baird set a $84.00 price objective on shares of Toro in a research report on Tuesday, December 16th. Finally, Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Toro has an average rating of “Hold” and an average price target of $92.20.

Toro Stock Up 1.2%

Shares of NYSE:TTC opened at $101.65 on Friday. Toro has a 1-year low of $62.34 and a 1-year high of $101.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 0.86. The stock has a market cap of $9.95 billion, a P/E ratio of 32.07 and a beta of 0.82. The firm has a fifty day moving average price of $88.38 and a 200 day moving average price of $79.89.

Toro (NYSE:TTC) last announced its earnings results on Wednesday, December 17th. The company reported $0.91 EPS for the quarter, beating 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 business 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 company earned $0.95 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. Sell-side analysts predict that Toro will post 4.41 EPS for the current year.

Toro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.39 per share. This is a boost from Toro’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. Toro’s dividend payout ratio is presently 49.21%.

Institutional Investors Weigh In On Toro

Large investors have recently bought and sold shares of the stock. Davis Capital Management purchased a new position in Toro during the third quarter worth $42,000. Danske Bank A S purchased a new stake in Toro during the 3rd quarter worth about $46,000. MTM Investment Management LLC acquired a new position in Toro in the 2nd quarter valued at about $85,000. Quent Capital LLC acquired a new position in Toro in the 3rd quarter valued at about $97,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Toro in the 3rd quarter valued at about $119,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

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.