DA Davidson Issues Pessimistic Forecast for Toro (NYSE:TTC) Stock Price

Toro (NYSE:TTC) had its target price dropped by analysts at DA Davidson from $86.00 to $80.00 in a research report issued on Tuesday, MarketBeat reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s target price indicates a potential upside of 9.15% from the company’s previous close. DA Davidson also issued estimates for Toro’s Q2 2025 earnings at $1.38 EPS and FY2026 earnings at $4.69 EPS.

TTC has been the subject of a number of other reports. Northland Securities upgraded shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a research note on Monday, February 24th. Northland Capmk raised shares of Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. StockNews.com cut shares of Toro from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Raymond James dropped their price objective on Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Finally, Robert W. Baird decreased their target price on Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Toro presently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Toro Stock Down 2.8 %

TTC stock opened at $73.30 on Tuesday. The firm has a market cap of $7.38 billion, a PE ratio of 18.28 and a beta of 0.70. Toro has a 1 year low of $72.18 and a 1 year high of $100.93. The company has a fifty day simple moving average of $80.65 and a 200 day simple moving average of $83.23. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC) last posted its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. Sell-side analysts anticipate that Toro will post 4.41 EPS for the current fiscal year.

Toro declared that its Board of Directors has approved a share repurchase plan on Tuesday, December 10th that permits the company to repurchase 4,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Toro

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Toro by 45.5% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company’s stock valued at $563,207,000 after acquiring an additional 2,199,920 shares in the last quarter. Geode Capital Management LLC boosted its stake in Toro by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,959,875 shares of the company’s stock valued at $169,639,000 after buying an additional 29,105 shares in the last quarter. Bank of New York Mellon Corp grew its position in Toro by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company’s stock valued at $95,123,000 after acquiring an additional 60,068 shares during the period. Amundi grew its holdings in shares of Toro by 30.3% during the fourth quarter. Amundi now owns 1,121,116 shares of the company’s stock worth $89,701,000 after purchasing an additional 260,746 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Toro by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company’s stock valued at $88,152,000 after buying an additional 164,069 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.