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

Toro (NYSE:TTC) had its price objective cut by DA Davidson from $86.00 to $80.00 in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have a neutral rating on the stock. DA Davidson also issued estimates for Toro’s Q2 2025 earnings at $1.38 EPS, FY2025 earnings at $4.30 EPS and FY2026 earnings at $4.69 EPS.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird cut their price objective on shares of Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. 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 lowered shares of Toro from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Raymond James decreased their price objective on shares of Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, 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 report on Monday, February 24th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Toro Price Performance

Shares of Toro stock opened at $71.87 on Tuesday. Toro has a 52-week low of $71.75 and a 52-week high of $100.93. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 17.92 and a beta of 0.70. The company has a fifty day moving average of $80.51 and a 200-day moving average of $83.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Toro (NYSE:TTC) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. Toro had a net margin of 9.14% and a return on equity of 27.25%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that Toro will post 4.41 EPS for the current year.

Toro declared that its Board of Directors has initiated a stock buyback program on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Toro

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