Northland Capmk Issues Optimistic Estimate for Toro Earnings

Toro Company (The) (NYSE:TTC) – Analysts at Northland Capmk increased their FY2026 EPS estimates for Toro in a note issued to investors on Tuesday, September 9th. Northland Capmk analyst E. Jackson now anticipates that the company will post earnings per share of $4.74 for the year, up from their prior estimate of $4.66. Northland Capmk currently has a “Hold” rating on the stock. The consensus estimate for Toro’s current full-year earnings is $4.41 per share.

Other equities analysts also recently issued research reports about the stock. Northland Securities lifted their price objective on shares of Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday. Robert W. Baird boosted their price target on shares of Toro from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, September 5th. Raymond James Financial reduced their price target on shares of Toro from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, June 6th. Longbow Research raised shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, August 25th. Finally, DA Davidson boosted their price target on shares of Toro from $93.00 to $97.00 and gave the company a “buy” rating in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Toro currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.60.

Toro Stock Performance

Toro stock opened at $79.35 on Thursday. The company has a market cap of $7.77 billion, a PE ratio of 24.05 and a beta of 0.80. The company has a fifty day moving average price of $76.69 and a two-hundred day moving average price of $73.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79. Toro has a 12 month low of $62.34 and a 12 month high of $89.50.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, September 4th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.02. Toro had a net margin of 7.37% and a return on equity of 28.98%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company earned $1.18 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Toro has set its FY 2025 guidance at 4.150-4.150 EPS.

Hedge Funds Weigh In On Toro

Several hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Toro by 597.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,095 shares of the company’s stock valued at $289,000 after acquiring an additional 3,508 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Toro by 17.6% in the second quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company’s stock valued at $7,975,000 after buying an additional 16,854 shares during the period. Willis Investment Counsel lifted its stake in Toro by 93.9% in the second quarter. Willis Investment Counsel now owns 17,145 shares of the company’s stock valued at $1,212,000 after buying an additional 8,302 shares during the period. MTM Investment Management LLC acquired a new position in Toro in the second quarter valued at about $85,000. Finally, SG Americas Securities LLC lifted its stake in Toro by 124.1% in the second quarter. SG Americas Securities LLC now owns 7,154 shares of the company’s stock valued at $506,000 after buying an additional 3,962 shares during the period. Institutional investors own 87.95% of the company’s stock.

Insider Transactions at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of the firm’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $70.99, for a total value of $425,940.00. Following the transaction, the vice president owned 11,646 shares in the company, valued at $826,749.54. This trade represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

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.