Toro (NYSE:TTC) PT Set at $76.00 by DA Davidson

Toro (NYSE:TTC) has been given a $76.00 price objective by analysts at DA Davidson in a report issued on Monday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 5.99% from the company’s previous close.

TTC has been the topic of several other reports. Raymond James lowered their price target on Toro from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, June 6th. Northland Capmk lowered Toro from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 6th. Northland Securities restated a “market perform” rating and set a $80.00 price target (down from $100.00) on shares of Toro in a research note on Friday, June 6th. Robert W. Baird boosted their price target on shares of Toro from $84.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, June 3rd. Finally, Wall Street Zen lowered shares of Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $82.75.

Toro Trading Up 0.4%

Shares of TTC stock opened at $71.71 on Monday. Toro has a 1 year low of $62.34 and a 1 year high of $100.93. The firm’s fifty day simple moving average is $70.99 and its 200 day simple moving average is $77.20. The firm has a market capitalization of $7.16 billion, a P/E ratio of 17.88 and a beta of 0.83. 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 announced its earnings results on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. Toro had a net margin of 9.14% and a return on equity of 27.25%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Toro’s revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Toro will post 4.41 EPS for the current year.

Institutional Investors Weigh In On Toro

Several institutional investors and hedge funds have recently made changes to their positions in TTC. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Toro by 45.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company’s stock worth $563,207,000 after acquiring an additional 2,199,920 shares in the last quarter. AQR Capital Management LLC lifted its position in Toro by 1,184.6% during the 1st quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company’s stock worth $142,827,000 after buying an additional 1,810,429 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Toro by 996,664.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 498,382 shares of the company’s stock worth $39,410,000 after buying an additional 498,332 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Toro during the 4th quarter worth about $36,561,000. Finally, Boston Trust Walden Corp lifted its position in Toro by 133.3% during the 1st quarter. Boston Trust Walden Corp now owns 779,419 shares of the company’s stock worth $56,703,000 after buying an additional 445,287 shares in the last quarter. 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.