Toro (NYSE:TTC) Stock Rating Cut to “Buy” at Wall Street Zen

by · The Markets Daily

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

Several other analysts have also commented on TTC. Oppenheimer assumed coverage on shares of Toro in a research report on Wednesday, September 23rd. They set an “outperform” rating and a $120.00 price target on the stock. Weiss Ratings upgraded shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Finally, DA Davidson dropped their target price on Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $111.67.

Get Our Latest Analysis on TTC

Toro Trading Up 0.1%

Shares of NYSE:TTC opened at $98.75 on Friday. Toro has a 12-month low of $67.64 and a 12-month high of $105.18. The company has a market capitalization of $9.35 billion, a PE ratio of 26.40, a PEG ratio of 2.13 and a beta of 0.66. The business has a 50 day moving average of $96.29 and a two-hundred day moving average of $94.38. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72.

Toro (NYSE:TTC – Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Toro had a return on equity of 31.86% and a net margin of 7.64%.The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, analysts forecast that Toro will post 4.64 EPS for the current year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. Toro’s dividend payout ratio (DPR) is 41.71%.

Institutional Investors Weigh In On Toro

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTC. Pinnacle Bancorp Inc. purchased a new position in Toro during the first quarter valued at $39,000. Security National Bank of SO Dak acquired a new position in shares of Toro during the 2nd quarter worth about $58,000. Northwestern Mutual Wealth Management Co. lifted its stake in 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 buying an additional 541 shares in the last quarter. Root Financial Partners LLC lifted its stake in 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 buying an additional 714 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in Toro in the 1st quarter worth about $209,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Company Profile

(Get Free Report)

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and systems used to maintain landscapes, turf and outdoor environments. Its products serve professional contractors, golf courses, sports fields, municipalities, rental companies, construction and utility operators, and residential customers.

The company’s product portfolio includes commercial and residential mowers, turf maintenance equipment, irrigation systems, snow and ice management equipment, compact utility loaders, trenchers, underground construction equipment and related attachments.

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