The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders. It also provides irrigation and lighting products that consist of sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, coupling systems, and ag-irrigation drip tape and hose products, as well as professionally installed landscape lighting products offered through distributors and landscape contractors. This segment sells its products primarily through a network of distributors and dealers to professional users engaged in maintaining golf courses, sports fields, municipal properties, agricultural fields, residential and commercial landscapes, and removing snow and ice, as well as directly to government customers, rental companies, and retailers. Its Residential segment provides walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solution products that include trimmers, blowers, blower-vacuums, and underground and hose-end retail irrigation products. This segment sells its products to homeowners through a network of distributors and dealers; and equipment rental centers and home centers, hardware retailers, and mass retailers, as well as online. The Toro Company was founded in 1914 and is headquartered in Bloomington, Minnesota.
IPO Year:
Exchange: NYSE
Website: thetorocompany.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/5/2023 | $110.00 → $87.00 | Buy → Neutral | DA Davidson |
| 6/22/2023 | $117.00 | Buy | DA Davidson |
| 5/19/2023 | $133.00 | Buy | CL King |
| 4/17/2023 | $110.00 | Market Perform | Northland Capital |
| 12/23/2022 | $130.00 | Mkt Perform → Outperform | Raymond James |
| 9/6/2022 | Neutral → Buy | Northcoast | |
| 10/27/2021 | $85.00 | Neutral → Underperform | B of A Securities |
| 8/19/2021 | $116.00 | Outperform → Neutral | Robert W. Baird |
| 8/19/2021 | $116.00 | Outperform → Neutral | Baird |
The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, announced today that it will release its fiscal 2024 fourth quarter and full-year results on Wednesday, December 18, at approximately 7:30 a.m. CST. The full text of The Toro Company's earnings release will be available at that time at www.thetorocompany.com/invest. The company will also hold an earnings conference call at 10 a.m. CST that day. A live, listen-only webcast of the earnings conference call will be available at www.thetorocompany.com/invest. Visitors are encouraged to go to the website in advance of the call to register, and download and install any necessary audio software. A rep
The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, announced today that it will present at the Baird 2024 Global Industrial Conference on Wednesday, November 13, 2024, at 12:25 p.m. EST. Richard Olson, chairman and chief executive officer, and Angie Drake, chief financial officer, will be attending the conference. The presentation will be webcast and can be accessed on The Toro Company's website at www.thetorocompany.com/invest. To listen to the webcast, visitors are encouraged to go to the website in advance of the presentation to register, and download and install any necessary streaming software. For those unable to listen to the live webca
The Toro Company (NYSE:TTC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of TTC's common stock. This dividend is payable on October 11, 2024, to shareholders of record at the close of business on September 30, 2024. About The Toro Company The Toro Company (NYSE:TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.55 billion in fiscal 2023, The Toro Company's global presence extends to more
Net Sales Growth Driven by Residential Mass Channel, Golf and Grounds, and Underground Construction Increased Macro Caution in July Drove Lower-Than-Expected Lawn Care Shipments to Dealers Significant Progress Made in Reducing Dealer Field Inventories of Lawn Care Products Third-quarter net sales of $1.16 billion, up 6.9% from $1.08 billion in the same period of fiscal 2023 Third-quarter reported diluted EPS of $1.14, up from $(0.14) in the same period of fiscal 2023 Third-quarter *adjusted diluted EPS of $1.18, up 24.2% from $0.95 in the same period of fiscal 2023 Revises full-year *adjusted diluted EPS guidance to a range of $4.15 to $4.20 The Toro Company (NYSE:TTC), a
The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, announced today that it will release its fiscal 2024 third quarter results on Thursday, September 5, at approximately 7:30 a.m. CDT. The full text of The Toro Company's earnings release will be available at that time at www.thetorocompany.com/invest. The company will also hold an earnings conference call at 10 a.m. CDT that day. A live, listen-only webcast of the earnings conference call will be available at www.thetorocompany.com/invest. Visitors are encouraged to go to the website in advance of the call to register, and download and install any necessary audio software. A replay will be avai
Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") announced that its subsidiary, The AMES Companies, Inc., ("AMES") acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (NYSE:TTC). This is AMES's seventh acquisition in Australia since 2013, and further expands AMES's product portfolio in the Australian market. Pope is expected to contribute approximately $25 million in annualized revenue and be accretive to Griffon's earnings in the first full year of ownership. Financial terms of the transaction were not disclosed. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through whol
Reinforces focus on strategic priorities that provide the greatest profitable growth opportunities The Toro Company (NYSE:TTC), through its wholly-owned subsidiaries Toro Australia Pty Ltd and Toro Australia Group Sales Pty Ltd based in South Australia (collectively "Toro Australia"), today announced the sale of its Pope Products residential garden watering and irrigation business to The AMES Company, Inc., a subsidiary of Griffon Corporation (NYSE:GFF). Pope irrigation and garden watering products are sold exclusively in Australia and New Zealand. This transaction represents The Toro Company's commitment to disciplined portfolio management and prudent capital allocation strategies. The
Company continues to cultivate a positive impact across the industries and communities it serves, in addition to furthering sustainability initiatives The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, today released its Sustainability Impact Report for fiscal 2023, highlighting key achievements and progress made towards its strategic priorities of accelerating profitable growth, achieving operational excellence and empowering people. The report builds on the company's longstanding commitment to helping customers enrich the beauty, productivity and sustainability of the land. The full report can be found at www.thetorocompany.com/sustainabilit
Record Net Sales Driven by Exceptional Growth in Residential Segment and Underground Construction Significant Progress in Reducing Dealer Field Inventories of Lawn Care Products Reaffirms Full-Year Fiscal 2024 Guidance Second-quarter net sales of $1.35 billion, compared to $1.34 billion in the same period of fiscal 2023 Second-quarter reported diluted EPS of $1.38, compared to $1.59 in the same period of fiscal 2023 Second-quarter *adjusted diluted EPS of $1.40, compared to $1.58 in the same period of fiscal 2023 The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, today reported results for its fiscal second quarter ended May 3, 2024.
The Toro Company (NYSE:TTC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of TTC's common stock. This dividend is payable on July 11, 2024, to shareholders of record at the close of business on June 18, 2024. About The Toro Company The Toro Company (NYSE:TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.55 billion in fiscal 2023, The Toro Company's global presence extends to more than
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DA Davidson downgraded Toro from Buy to Neutral and set a new price target of $87.00 from $110.00 previously
DA Davidson initiated coverage of Toro with a rating of Buy and set a new price target of $117.00
CL King initiated coverage of Toro with a rating of Buy and set a new price target of $133.00
Northland Capital initiated coverage of Toro with a rating of Market Perform and set a new price target of $110.00
Raymond James upgraded Toro from Mkt Perform to Outperform and set a new price target of $130.00
Northcoast upgraded Toro from Neutral to Buy
B of A Securities downgraded Toro from Neutral to Underperform and set a new price target of $85.00
Robert W. Baird downgraded Toro from Outperform to Neutral and set a new price target of $116.00
Baird downgraded Toro from Outperform to Neutral and set a new price target of $116.00
Angela C. Drake elected Chief Financial Officer succeeding Peterson The Toro Company (NYSE:TTC) today announced that Renee J. Peterson, vice president and chief financial officer, plans to retire in July 2023. Angela C. Drake, who currently serves as TTC's vice president, finance will succeed Peterson as vice president and chief financial officer, effective March 10, 2023. Peterson will continue to serve the organization as vice president, finance to assist with the transition in the coming months and provide ongoing leadership for key enterprise and finance initiatives. "Throughout her tenure, Renee's leadership and strategic insight has helped The Toro Company achieve sustainable growth
BLOOMINGTON, Minn.--(BUSINESS WIRE)--The Toro Company (NYSE: TTC) today announced that its board of directors has declared a regular quarterly cash dividend of $0.2625 per share, a 5 percent increase from its previous quarterly dividend rate of $0.25 per share. This dividend is payable on January 13, 2021, to shareholders of record on December 22, 2020. About The Toro Company The Toro Company (NYSE: TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With sales of
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The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, announced today that it will release its fiscal 2024 fourth quarter and full-year results on Wednesday, December 18, at approximately 7:30 a.m. CST. The full text of The Toro Company's earnings release will be available at that time at www.thetorocompany.com/invest. The company will also hold an earnings conference call at 10 a.m. CST that day. A live, listen-only webcast of the earnings conference call will be available at www.thetorocompany.com/invest. Visitors are encouraged to go to the website in advance of the call to register, and download and install any necessary audio software. A rep
The Toro Company (NYSE:TTC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of TTC's common stock. This dividend is payable on October 11, 2024, to shareholders of record at the close of business on September 30, 2024. About The Toro Company The Toro Company (NYSE:TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.55 billion in fiscal 2023, The Toro Company's global presence extends to more
Net Sales Growth Driven by Residential Mass Channel, Golf and Grounds, and Underground Construction Increased Macro Caution in July Drove Lower-Than-Expected Lawn Care Shipments to Dealers Significant Progress Made in Reducing Dealer Field Inventories of Lawn Care Products Third-quarter net sales of $1.16 billion, up 6.9% from $1.08 billion in the same period of fiscal 2023 Third-quarter reported diluted EPS of $1.14, up from $(0.14) in the same period of fiscal 2023 Third-quarter *adjusted diluted EPS of $1.18, up 24.2% from $0.95 in the same period of fiscal 2023 Revises full-year *adjusted diluted EPS guidance to a range of $4.15 to $4.20 The Toro Company (NYSE:TTC), a
The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, announced today that it will release its fiscal 2024 third quarter results on Thursday, September 5, at approximately 7:30 a.m. CDT. The full text of The Toro Company's earnings release will be available at that time at www.thetorocompany.com/invest. The company will also hold an earnings conference call at 10 a.m. CDT that day. A live, listen-only webcast of the earnings conference call will be available at www.thetorocompany.com/invest. Visitors are encouraged to go to the website in advance of the call to register, and download and install any necessary audio software. A replay will be avai
Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") announced that its subsidiary, The AMES Companies, Inc., ("AMES") acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (NYSE:TTC). This is AMES's seventh acquisition in Australia since 2013, and further expands AMES's product portfolio in the Australian market. Pope is expected to contribute approximately $25 million in annualized revenue and be accretive to Griffon's earnings in the first full year of ownership. Financial terms of the transaction were not disclosed. About Griffon Corporation Griffon is a diversified management and holding company that conducts business through whol
Reinforces focus on strategic priorities that provide the greatest profitable growth opportunities The Toro Company (NYSE:TTC), through its wholly-owned subsidiaries Toro Australia Pty Ltd and Toro Australia Group Sales Pty Ltd based in South Australia (collectively "Toro Australia"), today announced the sale of its Pope Products residential garden watering and irrigation business to The AMES Company, Inc., a subsidiary of Griffon Corporation (NYSE:GFF). Pope irrigation and garden watering products are sold exclusively in Australia and New Zealand. This transaction represents The Toro Company's commitment to disciplined portfolio management and prudent capital allocation strategies. The
Record Net Sales Driven by Exceptional Growth in Residential Segment and Underground Construction Significant Progress in Reducing Dealer Field Inventories of Lawn Care Products Reaffirms Full-Year Fiscal 2024 Guidance Second-quarter net sales of $1.35 billion, compared to $1.34 billion in the same period of fiscal 2023 Second-quarter reported diluted EPS of $1.38, compared to $1.59 in the same period of fiscal 2023 Second-quarter *adjusted diluted EPS of $1.40, compared to $1.58 in the same period of fiscal 2023 The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, today reported results for its fiscal second quarter ended May 3, 2024.
The Toro Company (NYSE:TTC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of TTC's common stock. This dividend is payable on July 11, 2024, to shareholders of record at the close of business on June 18, 2024. About The Toro Company The Toro Company (NYSE:TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.55 billion in fiscal 2023, The Toro Company's global presence extends to more than
The Toro Company (NYSE:TTC), a leading global provider of solutions for the outdoor environment, announced today that it will release its fiscal 2024 second quarter results on Thursday, June 6, at approximately 7:30 a.m. CDT. The full text of The Toro Company's earnings release will be available at that time at www.thetorocompany.com/invest. The company will also hold an earnings conference call at 10 a.m. CDT that day. A live, listen-only webcast of the earnings conference call will be available at www.thetorocompany.com/invest. Visitors are encouraged to go to the website in advance of the call to register, and download and install any necessary audio software. For those unable to lis
The Toro Company (NYSE:TTC) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of TTC's common stock. This dividend is payable on April 12, 2024, to shareholders of record at the close of business on April 1, 2024. About The Toro Company The Toro Company (NYSE:TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.55 billion in fiscal 2023, The Toro Company's global presence extends to more than 1
Griffon Corporation (NYSE:GFF) (the "Company" or "Griffon") announced that its subsidiary, The AMES Companies, Inc., ("AMES") acquired Pope, a leading Australian provider of residential watering products, from The Toro Company (NYSE:TTC). This is AMES's seventh acquisition in Australia since 2013, and further expands AMES's product portfolio in the Australian market. Pope is expected to contribute approximately $25 million in annualized revenue and be accretive to Griffon's earnings in the first full year of ownership. Financial terms of the transaction were not disclosed.
Baird analyst Timothy Wojs maintains Toro (NYSE:TTC) with a Neutral and raises the price target from $90 to $100.
Wall Street experienced a relatively quiet day on Thursday, with major indices trading within tight ranges as investors remain cautious ahead of the highly anticipated May jobs report, set for release Friday. After driving the broader stock market to record highs on Wednesday, chipmakers saw a slight pullback. Nvidia Corp. (NASDAQ:NVDA) dipped 3% as of 1 p.m. in New York. In regulatory news, the U.S. Justice Department and the Federal Trade Commission have agreed to proceed with antitrust investigations into the dominant roles of Microsoft Corp. (NYSE:MSFT), OpenAI and Nvidia in the artificial intelligence industry, as reported by Reuters. On the macroeconomic front, initial jobless
Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) fell sharply during Thursday's session after the company reported worse-than-expected quarterly sales results. G-III Apparel Group posted adjusted earnings of 13 cents per share, according to data from Benzinga Pro. The company's quarterly sales came in at $609.747 million, missing market estimates of $616.286 million. G-III Apparel Group shares dipped 13.4% to $27.12 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Virax Biolabs Group Limited (NASDAQ:VRAX) shares jumped 139.4% to $2.5390. American Oncology Network, Inc. (NASDAQ:AONC) gained 102% to $4.52. American Oncology Network expanded
The Toro Company (NYSE:TTC) shares are trading higher after the company reported second-quarter FY24 results. Sales increased 1% Y/Y to $1.35 billion, beating the consensus of $1.343 billion. Sales by segments: Professional $1.006 billion (-5.9% Y/Y), and Residential $335.6 million (+26.3 Y/Y). Adjusted gross margin contracted to 33.6% from 35.8% a year ago due to a change in product mix and higher material and manufacturing costs. Adjusted operating margin declined to 14.2% from 16.3% the prior year. Adjusted EPS of $1.40 (-11% Y/Y) surpassed the consensus of $1.29. As of May 3, cash and equivalents stood at $188.8 million. Richard M. Olson, chairman and chief executive of
U.S. stocks were slightly higher, with the Dow Jones index gaining around 0.1% on Thursday. Shares of The J. M. Smucker Company (NYSE:SJM) rose sharply during Thursday’s session following upbeat quarterly earnings. The company reported a fourth-quarter FY24 sales decline of 1.3% year-on-year to $2.21 billion, missing the analyst consensus estimate of $2.24 billion. Adjusted EPS of $2.66 beat the analyst consensus estimate of $2.33, according to data from Benzinga Pro. Smucker shares climbed 6.2% to $117.16 on Thursday. Here are some other big stocks recording gains in today’s session. Latam Logistic Properties, S.A. (NYSE:LPA) shares surged 99.2% to $63.01 after dipping aroun
Toro (NYSE:TTC) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.29 by 8.53 percent. The company reported quarterly sales of $1.350 billion which beat the analyst consensus estimate of $1.343 billion by 0.49 percent. This is a 0.82 percent increase over sales of $1.339 billion the same period last year.
With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects The J. M. Smucker Company (NYSE:SJM) to report quarterly earnings at $2.33 per share on revenue of $2.24 billion before the opening bell, according to data from Benzinga Pro. Smucker shares rose 0.6% to $110.96 in after-hours trading. Lululemon Athletica Inc. (NASDAQ:LULU) reported upbeat financial results for its first quarter and authorized a $1 billion increase in its stock repurchase program. The company said it sees second-quarter revenue in the range of $2.4 billion to $2.42 billion versus estimates of $2.45 billion. The compan