Analysts Set Toro Company (The) (NYSE:TTC) PT at $92.20

Toro Company (The) (NYSE:TTC) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $92.20.

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Toro in a report on Wednesday, October 8th. Northland Securities increased their price objective on shares of Toro from $80.00 to $90.00 and gave the company a “market perform” rating in a research report on Tuesday, September 9th. Zacks Research downgraded shares of Toro from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. Finally, Robert W. Baird set a $84.00 target price on shares of Toro in a research note on Tuesday, December 16th.

Toro Stock Up 1.9%

Toro stock opened at $80.20 on Tuesday. Toro has a 12 month low of $62.34 and a 12 month high of $87.46. The stock has a fifty day simple moving average of $73.77 and a two-hundred day simple moving average of $75.07. The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 25.30 and a beta of 0.82.

Toro (NYSE:TTC) last released its quarterly earnings data on Wednesday, December 17th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. Toro had a return on equity of 28.90% and a net margin of 7.01%.The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm posted $0.95 earnings per share. Toro’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. Equities analysts predict that Toro will post 4.41 EPS for the current fiscal year.

Toro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 22nd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.9%. This is a boost from Toro’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 22nd. Toro’s dividend payout ratio (DPR) is currently 49.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TTC. AQR Capital Management LLC increased its position in shares of Toro by 1,184.6% during the 1st quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company’s stock valued at $142,827,000 after purchasing an additional 1,810,429 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Toro by 7.8% in the first quarter. The Manufacturers Life Insurance Company now owns 500,660 shares of the company’s stock worth $36,423,000 after buying an additional 36,051 shares during the last quarter. Goldman Sachs Group Inc. grew its position in 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 buying an additional 124,373 shares during the period. Van ECK Associates Corp increased its holdings in Toro by 0.6% during the third quarter. Van ECK Associates Corp now owns 247,609 shares of the company’s stock valued at $18,867,000 after buying an additional 1,442 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Toro by 30.2% during the first quarter. Cubist Systematic Strategies LLC now owns 129,018 shares of the company’s stock valued at $9,386,000 after buying an additional 29,940 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

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.