Toro (NYSE:TTC) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Toro Company (The) (NYSE:TTC) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $76.74 and traded as low as $73.56. Toro shares last traded at $73.57, with a volume of 669,328 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Northland Securities lifted their price objective on shares of Toro from $80.00 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, September 9th. Robert W. Baird boosted their price target on shares of Toro from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toro in a report on Wednesday, October 8th. Longbow Research raised Toro from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, August 25th. Finally, DA Davidson upped their target price on Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Toro presently has a consensus rating of “Hold” and a consensus target price of $92.60.

Toro Stock Down 0.6%

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79. The stock has a market capitalization of $7.20 billion, a P/E ratio of 22.29 and a beta of 0.85. The stock’s fifty day moving average is $76.74 and its two-hundred day moving average is $74.62.

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

Toro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, October 7th. Toro’s dividend payout ratio is currently 46.06%.

Institutional Trading of Toro

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in Toro by 1,184.6% during the first quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company’s stock valued at $142,827,000 after buying an additional 1,810,429 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Toro by 16.4% during the first 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. Dimensional Fund Advisors LP lifted its position in shares of Toro by 39.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company’s stock valued at $111,654,000 after acquiring an additional 434,257 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Toro in the 1st quarter valued at approximately $13,560,000. Finally, Vanguard Group Inc. boosted its stake in Toro by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 10,495,037 shares of the company’s stock worth $763,514,000 after purchasing an additional 169,865 shares during the period. Institutional investors and hedge funds 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.