Fintel reports that on September 8, 2023, Baird maintained coverage of Toro (NYSE:TTC) with a Neutral recommendation.
Analyst Price Forecast Suggests 47.41% Upside
As of August 31, 2023, the average one-year price target for Toro is 121.38. The forecasts range from a low of 111.10 to a high of $139.65. The average price target represents an increase of 47.41% from its latest reported closing price of 82.34.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Toro is 5,043MM, an increase of 6.35%. The projected annual non-GAAP EPS is 5.02.
What is the Fund Sentiment?
There are 955 funds or institutions reporting positions in Toro. This is a decrease of 39 owner(s) or 3.92% in the last quarter. Average portfolio weight of all funds dedicated to TTC is 0.24%, a decrease of 10.09%. Total shares owned by institutions decreased in the last three months by 0.61% to 104,586K shares. 
The put/call ratio of TTC is 2.22, indicating a bearish outlook.
What are Other Shareholders Doing?
Select Equity Group holds 5,549K shares representing 5.34% ownership of the company. In it's prior filing, the firm reported owning 5,565K shares, representing a decrease of 0.29%. The firm decreased its portfolio allocation in TTC by 4.63% over the last quarter.
Price T Rowe Associates holds 5,298K shares representing 5.10% ownership of the company. In it's prior filing, the firm reported owning 5,275K shares, representing an increase of 0.45%. The firm increased its portfolio allocation in TTC by 92.90% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 3,732K shares representing 3.59% ownership of the company. In it's prior filing, the firm reported owning 3,733K shares, representing a decrease of 0.03%. The firm decreased its portfolio allocation in TTC by 13.31% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 3,345K shares representing 3.22% ownership of the company. In it's prior filing, the firm reported owning 3,402K shares, representing a decrease of 1.72%. The firm decreased its portfolio allocation in TTC by 14.41% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,262K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 3,240K shares, representing an increase of 0.68%. The firm decreased its portfolio allocation in TTC by 15.05% over the last quarter.
Toro Background Information
(This description is provided by the company.)
The Toro Company 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 $3.4 billion in fiscal 2020, The Toro Company's global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, BOSS Snowplow, Ventrac, American Augers, Subsite Electronics, HammerHead, Trencor, Unique Lighting Systems, Irritrol, Hayter, Pope, Perrot, Lawn-Boy and Radius HDD. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations.
Additional reading:
- The Toro Company Reports Fiscal 2023 Third-Quarter Results and Revises Full-Year Outlook Lower-than-Expected Homeowner Demand for Lawn Care Solutions Driven by Macro Factors and Weather Continued Strength in Demand Across Construction, and Golf and G
- The Toro Company Reports Record Results for the Second-Quarter of Fiscal 2023 Driven by Strong Professional Segment Performance and Continued Production Improvements
- Amended and Restated Bylaws of The Toro Company (incorporated by reference to Exhibit 3.1 to Registrant’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on May 30, 2023, Commission File No. 1-8649)
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