Toro (NYSE:TTC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Toro (NYSE:TTC) from a hold rating to a buy rating in a report issued on Saturday.

Other equities analysts have also issued research reports about the company. Zacks Research lowered Toro from a “hold” rating to a “strong sell” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th. Finally, Robert W. Baird set a $84.00 target price on shares of Toro in a report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $92.20.

Toro Trading Up 0.0%

Shares of NYSE:TTC opened at $89.59 on Friday. The business’s 50 day simple moving average is $76.69 and its 200 day simple moving average is $76.35. Toro has a 1 year low of $62.34 and a 1 year high of $90.19. 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 company has a market capitalization of $8.77 billion, a P/E ratio of 28.26 and a beta of 0.82.

Toro (NYSE:TTC) last announced its quarterly earnings data on Wednesday, December 17th. The company reported $0.91 earnings per share 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $0.95 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. On average, research analysts anticipate that Toro will post 4.41 EPS for the current fiscal year.

Toro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost from Toro’s previous quarterly dividend of $0.38. Toro’s dividend payout ratio (DPR) is presently 49.21%.

Hedge Funds Weigh In On Toro

A number of hedge funds have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS raised its stake in Toro by 66.8% during the second quarter. KLP Kapitalforvaltning AS now owns 32,700 shares of the company’s stock worth $2,322,000 after buying an additional 13,100 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Toro by 124.1% in the 2nd quarter. SG Americas Securities LLC now owns 7,154 shares of the company’s stock worth $506,000 after acquiring an additional 3,962 shares in the last quarter. Willis Investment Counsel lifted its stake in shares of Toro by 93.9% in the 2nd quarter. Willis Investment Counsel now owns 17,145 shares of the company’s stock valued at $1,212,000 after purchasing an additional 8,302 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Toro by 17.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company’s stock valued at $7,975,000 after purchasing an additional 16,854 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in Toro by 14,306.0% during the third quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock worth $3,634,000 after purchasing an additional 47,353 shares during the period. 87.95% of the stock is currently owned by 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.