Toro (NYSE:TTC) Sets New 1-Year High – Here’s Why

Toro Company (The) (NYSE:TTC)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $93.84 and last traded at $93.36, with a volume of 840639 shares changing hands. The stock had previously closed at $91.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TTC shares. Robert W. Baird set a $84.00 price target on shares of Toro in a report on Tuesday, December 16th. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Toro in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Toro from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Toro presently has an average rating of “Hold” and a consensus price target of $92.20.

Toro Stock Performance

The firm has a fifty day simple moving average of $80.70 and a 200 day simple moving average of $77.48. The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 29.45 and a beta of 0.82.

Toro (NYSE:TTC) last announced its quarterly earnings data on Wednesday, December 17th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Toro had a return on equity of 28.90% and a net margin of 7.01%.Toro’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 EPS. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, sell-side analysts expect that Toro Company will post 4.41 earnings per share for the current year.

Toro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.7%. This is a boost from Toro’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 22nd. Toro’s dividend payout ratio (DPR) is currently 49.21%.

Institutional Investors Weigh In On Toro

Large investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS lifted its holdings in shares of Toro by 66.8% during the second quarter. KLP Kapitalforvaltning AS now owns 32,700 shares of the company’s stock valued at $2,322,000 after acquiring an additional 13,100 shares during the period. SG Americas Securities LLC increased its position in shares of Toro by 124.1% during the 2nd quarter. SG Americas Securities LLC now owns 7,154 shares of the company’s stock worth $506,000 after purchasing an additional 3,962 shares in the last quarter. Willis Investment Counsel increased its position in shares of Toro by 93.9% during the 2nd quarter. Willis Investment Counsel now owns 17,145 shares of the company’s stock worth $1,212,000 after purchasing an additional 8,302 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Toro by 17.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company’s stock valued at $7,975,000 after purchasing an additional 16,854 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Toro by 14,306.0% in the third quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock valued at $3,634,000 after buying an additional 47,353 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors.

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.