Toro Company (The) (NYSE:TTC) Receives Average Recommendation of "Hold" from Analysts

Toro Company (NYSE:TTC) has received a consensus "Hold" recommendation from seven analysts. The average price target is $92.60. Analysts have varied ratings, with some upgrading to "Buy" and others maintaining "Hold." The stock opened at $71.32, with a market cap of $6.98 billion. Toro reported quarterly earnings of $1.24 per share, beating estimates. The company announced a quarterly dividend of $0.38 per share. Institutional investors have adjusted their stakes in Toro.

Toro Company (The) (NYSE:TTC - Get Free Report) has received a consensus recommendation of "Hold" from the seven analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $92.60.

The 8 best agricultural ETFs to consider for your portfolio

Several analysts have commented on TTC shares. Robert W. Baird lifted their price target on Toro from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Friday, September 5th. Northland Securities boosted their target price on shares of Toro from $80.00 to $90.00 and gave the company a "market perform" rating in a report on Tuesday, September 9th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Toro in a research note on Wednesday, October 8th. Longbow Research upgraded 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. Finally, DA Davidson upped their price objective on Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a report on Friday, September 5th.

Get Our Latest Research Report on Toro

Toro Stock Up 0.1%

Toro Stock is Worth Getting Off Season

TTC stock opened at $71.32 on Friday. The company has a 50 day moving average price of $73.25 and a two-hundred day moving average price of $74.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 1.88. The stock has a market capitalization of $6.98 billion, a P/E ratio of 21.61 and a beta of 0.84. Toro has a one year low of $62.34 and a one year high of $89.50.

Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the firm earned $1.18 earnings per share. The business's revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Toro will post 4.41 EPS for the current year.

Toro Announces Dividend

The Toro Company Is A Raging Bull You Want To Own

The company 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. The ex-dividend date was Tuesday, October 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.1%. Toro's payout ratio is presently 46.06%.

Institutional Trading of Toro

Several large investors have recently added to or reduced their stakes in TTC. Captrust Financial Advisors grew its stake in shares of Toro by 16.6% in the third quarter. Captrust Financial Advisors now owns 52,879 shares of the company's stock valued at $4,029,000 after buying an additional 7,511 shares in the last quarter. Danske Bank A S bought a new stake in shares of Toro in the third quarter worth $46,000. Horizon Investments LLC raised its stake in shares of Toro by 88.4% in the 3rd quarter. Horizon Investments LLC now owns 29,392 shares of the company's stock valued at $2,229,000 after purchasing an additional 13,789 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Toro during the third quarter valued at approximately $119,000. Finally, Van ECK Associates Corp lifted its stake in Toro by 0.6% during the third quarter. Van ECK Associates Corp now owns 247,609 shares of the company's stock worth $18,867,000 after purchasing an additional 1,442 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

About Toro

(Get Free Report)

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.

Should You Invest $1,000 in Toro Right Now?

Before you consider Toro, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toro wasn't on the list.

While Toro currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here