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

Wall Street Zen lowered shares of Toro (NYSE:TTC) from a strong-buy rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently commented on TTC. Robert W. Baird cut 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. DA Davidson cut their target price on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a research report on Friday. Finally, Weiss Ratings upgraded Toro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $101.67.

Toro Trading Up 1.2%

NYSE TTC opened at $93.45 on Friday. The firm has a market cap of $8.90 billion, a PE ratio of 24.99 and a beta of 0.70. Toro has a 1-year low of $67.64 and a 1-year high of $105.18. The stock has a 50-day moving average of $96.21 and a 200-day moving average of $94.98. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company earned $1.24 EPS. Toro’s revenue for the quarter was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, sell-side analysts forecast that Toro will post 4.63 EPS for the current year.

Insiders Place Their Bets

In other Toro news, VP Kurt D. Svendsen sold 6,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total value of $614,394.00. Following the completion of the transaction, the vice president directly owned 12,166 shares in the company, 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 the SEC website. Also, Director Gary Ellis sold 4,951 shares of Toro stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total transaction of $455,046.41. Following the sale, the director owned 35,297 shares in the company, valued at approximately $3,244,147.27. The trade was a 12.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,934 shares of company stock worth $1,204,933 in the last three months. 1.88% of the stock is owned by company insiders.

Hedge Funds Weigh In On Toro

Large investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. bought a new position in Toro during the 1st quarter valued at about $39,000. Danske Bank A S purchased a new stake in Toro in the 3rd quarter worth about $46,000. Northwestern Mutual Wealth Management Co. lifted its stake in Toro by 237.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock worth $75,000 after purchasing an additional 541 shares during the last quarter. Root Financial Partners LLC lifted its stake in Toro by 277.8% in the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock worth $91,000 after purchasing an additional 714 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Toro during the third quarter valued at approximately $119,000. Institutional investors own 87.95% of the company’s stock.

Key Headlines Impacting Toro

Here are the key news stories impacting Toro this week:

• Positive Sentiment: Toro reported fiscal Q3 revenue of $1.23 billion, up 8.4% year over year and above the $1.19 billion consensus estimate. Adjusted earnings of $1.33 per share also exceeded analyst expectations and rose from $1.24 a year earlier. Toro Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company raised fiscal 2026 adjusted EPS guidance to $4.60-$4.65, from $4.50-$4.62, and increased its revenue-growth outlook to 6.3%-6.6%. The new earnings range is broadly in line with the $4.61 consensus estimate. Toro Reports Higher Earnings and Raises FY26 Outlook
• Positive Sentiment: Growth was broad-based, with Professional segment sales increasing 8.8% and Residential segment sales rising 8.6%. Gross margin improved to 34.1% from 33.7%, while Toro returned $110 million to shareholders during the quarter.
• Positive Sentiment: DA Davidson maintained a Buy rating and reduced its price target modestly to $115 from $117, still implying substantial upside from the referenced trading level.
• Neutral Sentiment: Although earnings and revenue beat estimates, reported GAAP diluted EPS was $0.81, reflecting the impact of items that distinguish it from the $1.33 adjusted EPS figure highlighted in market coverage. Toro Fiscal 2026 EPS Guidance
• Negative Sentiment: Insider activity was heavily weighted toward selling, including a substantial sale by Chairman and CEO Richard Olson. This may raise caution about management’s view of near-term valuation, despite the stronger operating results.

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.