Brokerages Set Toro Company (The) (NYSE:TTC) PT at $101.75

Toro Company (The) (NYSE:TTC) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $101.75.

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

Insider Buying and Selling at Toro

In other news, VP Kurt D. Svendsen sold 6,600 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the transaction, the vice president directly owned 12,166 shares of the company’s stock, valued at $1,132,532.94. This represents a 35.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Edric C. Funk sold 527 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 $51,630.19. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 12,934 shares of company stock valued at $1,204,933. 1.88% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTC. Goldman Sachs Group Inc. raised its stake 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 valued at $33,237,000 after purchasing an additional 124,373 shares during the period. SG Americas Securities LLC boosted 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 valued at $6,396,000 after purchasing an additional 55,206 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in shares of Toro by 425.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after purchasing an additional 52,457 shares during the period. Hillsdale Investment Management Inc. grew its holdings in Toro by 379.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock valued at $4,379,000 after purchasing an additional 44,030 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in Toro during the 4th quarter worth $1,664,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Down 1.1%

Shares of Toro stock opened at $96.39 on Wednesday. Toro has a 52-week low of $67.64 and a 52-week high of $105.18. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company’s 50-day simple moving average is $94.80 and its 200-day simple moving average is $94.83. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 27.78 and a beta of 0.69.

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

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.