Toro (NYSE:TTC) Price Target Raised to $90.00

Toro (NYSE:TTC) had its target price raised by Northland Securities from $80.00 to $90.00 in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have a market perform rating on the stock.

TTC has been the topic of several other research reports. Robert W. Baird increased their target price on Toro from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, September 5th. Raymond James Financial decreased their price target on shares of Toro from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, June 6th. Longbow Research raised shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, August 25th. DA Davidson upped their price target on shares of Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Northland Capmk cut shares of Toro from a “strong-buy” rating to a “hold” rating in a report on Friday, June 6th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.60.

Toro Stock Up 1.8%

Shares of NYSE:TTC opened at $79.87 on Tuesday. Toro has a 1 year low of $62.34 and a 1 year high of $89.50. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 24.20 and a beta of 0.80. The business’s 50-day moving average is $76.60 and its 200-day moving average is $73.62. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, September 4th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.02. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.16 billion. Toro had a return on equity of 28.98% and a net margin of 7.37%.The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 EPS. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. Equities research analysts predict that Toro will post 4.41 earnings per share for the current year.

Insider Buying and Selling at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $70.99, for a total value of $425,940.00. Following the completion of the sale, the vice president directly owned 11,646 shares in the company, valued at $826,749.54. This trade represents a 34.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Toro

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC grew its position in shares of Toro by 1,184.6% during the 1st quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company’s stock valued at $142,827,000 after acquiring an additional 1,810,429 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Toro by 16.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company’s stock valued at $595,649,000 after acquiring an additional 1,156,314 shares during the period. Boston Trust Walden Corp grew its position in shares of Toro by 133.3% during the 1st quarter. Boston Trust Walden Corp now owns 779,419 shares of the company’s stock valued at $56,703,000 after acquiring an additional 445,287 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Toro by 39.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company’s stock valued at $111,654,000 after buying an additional 434,257 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Toro by 172.9% during the 4th quarter. Ameriprise Financial Inc. now owns 368,368 shares of the company’s stock valued at $29,508,000 after buying an additional 233,397 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

About Toro

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.