Toro (NYSE:TTC) Raised to “Hold” at Zacks Research

Toro (NYSE:TTC) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities analysts also recently weighed in on TTC. Weiss Ratings restated a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Robert W. Baird set a $84.00 price objective on Toro in a report on Tuesday, December 16th. Finally, Wall Street Zen raised shares of Toro from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $92.20.

Toro Price Performance

Shares of NYSE:TTC traded up $0.60 during midday trading on Tuesday, reaching $90.10. 70,958 shares of the company’s stock traded hands, compared to its average volume of 953,711. The company has a fifty day simple moving average of $77.33 and a two-hundred day simple moving average of $76.53. Toro has a 1 year low of $62.34 and a 1 year high of $90.30. The company has a market cap of $8.82 billion, a P/E ratio of 28.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 1.87.

Toro (NYSE:TTC) last posted its quarterly earnings data on Wednesday, December 17th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Toro had a net margin of 7.01% and a return on equity of 28.90%. The company’s revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. 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.

Institutional Trading of Toro

Hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its position in shares of Toro by 10.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after acquiring an additional 586 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after purchasing an additional 124,373 shares during the period. Caxton Associates LLP acquired a new position in Toro in the 1st quarter valued at about $285,000. Empowered Funds LLC boosted its holdings in Toro by 9.8% in the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after purchasing an additional 3,464 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Toro by 191.5% in the 1st quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after buying an additional 4,984 shares during the period. 87.95% of the stock is owned by institutional investors and hedge funds.

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.