Toro (NYSE:TTC) Sets New 1-Year High – What’s Next?

Toro Company (The) (NYSE:TTC) shares hit a new 52-week high on Thursday. The company traded as high as $105.42 and last traded at $105.2140, with a volume of 169,513 shares trading hands. The stock had previously closed at $103.35.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TTC. DA Davidson lowered their price objective on shares of Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, September 4th. Oppenheimer assumed coverage on shares of Toro in a report on Wednesday, September 23rd. They set an “outperform” rating and a $120.00 target price for the company. Weiss Ratings upgraded shares of Toro from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of Toro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 4th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Toro has an average rating of “Moderate Buy” and a consensus price target of $111.67.

Toro Trading Up 1.9%

The company has a market cap of $9.97 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 0.74. The company has a 50-day moving average of $96.98 and a 200 day moving average of $94.87.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company earned $1.24 EPS. Toro’s quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Analysts predict that Toro Company will post 4.64 earnings per share for the current year.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. Toro’s dividend payout ratio is presently 41.71%.

Institutional Trading of Toro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pension & Wealth Management Advisors Inc. acquired a new stake in Toro during the 3rd quarter valued at approximately $38,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Toro in the first quarter worth $39,000. Security National Bank of SO Dak purchased a new position in shares of Toro during the second quarter worth $58,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Toro by 237.3% during 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. Finally, Root Financial Partners LLC lifted its position in Toro by 277.8% during the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after purchasing an additional 714 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

About Toro

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and solutions for maintaining outdoor environments. Its products serve professional and residential customers in areas such as turf care, landscaping, irrigation, snow and ice management, and outdoor construction.

The company’s portfolio includes zero-turn and riding mowers, walk-behind mowers, utility vehicles, turf maintenance equipment, landscape and irrigation systems, snowplows and snow removal equipment, and compact utility and underground construction machinery.