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

Toro (NYSE:TTC) had its price objective dropped by equities researchers at DA Davidson from $86.00 to $80.00 in a research note issued to investors on Tuesday, MarketBeat reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price target suggests a potential upside of 9.15% from the stock’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.

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

Toro Stock Down 2.8 %

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

Toro (NYSE:TTC) last announced 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. Toro had a return on equity of 27.25% and a net margin of 9.14%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $0.71 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts expect that Toro will post 4.41 earnings per share for the current fiscal year.

Toro declared that its board has authorized a stock buyback plan on Tuesday, December 10th that allows the company to buyback 4,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Toro

A number of hedge funds have recently made changes to their positions in the stock. Atria Investments Inc lifted its position in Toro by 3.2% in the 3rd quarter. Atria Investments Inc now owns 22,736 shares of the company’s stock worth $1,972,000 after buying an additional 710 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Toro by 11.3% in the third quarter. Crossmark Global Holdings Inc. now owns 7,776 shares of the company’s stock worth $674,000 after acquiring an additional 789 shares during the last quarter. Entropy Technologies LP raised its holdings in shares of Toro by 11.2% during the third quarter. Entropy Technologies LP now owns 14,200 shares of the company’s stock worth $1,232,000 after acquiring an additional 1,427 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Toro during the third quarter valued at $1,185,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Toro by 5.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 200,456 shares of the company’s stock valued at $17,386,000 after purchasing an additional 9,998 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Company Profile

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.