Toro (NYSE:TTC) Cut to Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Toro (NYSE:TTC – Free Report) from a strong-buy rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. DA Davidson decreased their target price on Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird reduced their price target on shares of Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Finally, Weiss Ratings raised shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $101.67.

Check Out Our Latest Analysis on Toro

Toro Stock Performance

NYSE:TTC opened at $93.45 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. The stock has a market capitalization of $8.85 billion, a P/E ratio of 24.99 and a beta of 0.70. The company has a 50 day moving average price of $96.13 and a 200 day moving average price of $94.90. Toro has a fifty-two week low of $67.64 and a fifty-two week high of $105.18.

Toro (NYSE:TTC – Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 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 company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. The firm’s 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. Equities research analysts forecast that Toro will post 4.63 EPS for the current year.

Insider Transactions at Toro

In related news, COO Edric C. Funk sold 527 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $97.97, for a total value of $51,630.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kurt Svendsen sold 6,600 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the completion of the transaction, the vice president owned 12,166 shares in the company, valued at $1,132,532.94. This represents a 35.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,983 shares of company stock valued at $749,887 over the last ninety days. 1.88% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TTC. Pinnacle Bancorp Inc. purchased a new stake in Toro in the first quarter valued at $39,000. Danske Bank A S acquired a new stake in shares of Toro during the third quarter worth about $46,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Toro by 237.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock valued at $75,000 after purchasing an additional 541 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Toro by 277.8% in the 1st 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 last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Toro in the 3rd quarter valued at about $119,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Company Profile

(Get Free Report)

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.

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