Toro (NYSE:TTC) Stock Rating Upgraded by Wall Street Zen

Toro (NYSE:TTC) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

A number of other analysts have also commented on the stock. Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Robert W. Baird upped their price objective on Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, March 6th. DA Davidson increased their target price on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Raymond James Financial lowered Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $100.40.

Toro Trading Down 0.5%

Shares of TTC opened at $95.02 on Friday. The stock’s fifty day simple moving average is $94.85 and its 200-day simple moving average is $82.25. The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $9.21 billion, a PE ratio of 28.45 and a beta of 0.80. Toro has a 12-month low of $62.34 and a 12-month high of $105.18.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts predict that Toro will post 4.41 earnings per share for the current year.

Insider Transactions at Toro

In other Toro news, CEO Richard M. Olson sold 119,400 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total value of $11,957,910.00. Following the completion of the sale, the chief executive officer directly owned 38,186 shares in the company, valued at $3,824,327.90. This represents a 75.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin O’rourke sold 4,951 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total value of $492,129.40. Following the sale, the director directly owned 2,704 shares in the company, valued at approximately $268,777.60. This represents a 64.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.88% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TTC. Goldman Sachs Group Inc. increased its position in shares of 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 acquiring an additional 124,373 shares in the last quarter. Van ECK Associates Corp lifted its position in Toro by 4.4% in the 4th quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock valued at $20,345,000 after acquiring an additional 10,835 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Toro by 0.3% in the 4th quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock worth $9,889,000 after purchasing an additional 410 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in Toro by 425.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock worth $5,100,000 after purchasing an additional 52,457 shares during the period. Finally, Hillsdale Investment Management Inc. increased its holdings in Toro by 379.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after purchasing an additional 44,030 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

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.