Toro Co Stock Research

Market Summary

USD102.04+4.41

Market Closed

4.52%

TTC Stock Price

TTC RSI Chart

TTC Valuation

Market Cap

10.6B

Price/Earnings (Trailing)

25.08

Price/Sales (Trailing)

2.25

EV/EBITDA

14.64

Price/Free Cashflow

67.58

TTC Price/Sales (Trailing)

TTC Profitability

EBT Margin

12.61%

Return on Equity

30.7%

Return on Assets

12.13%

Free Cashflow Yield

1.48%

TTC Fundamentals

TTC Revenue

Revenue (TTM)

4.7B

Revenue Y/Y

23.18%

Revenue Q/Q

-1.97%

TTC Earnings

Earnings (TTM)

443.3M

Earnings Y/Y

95.58%

Earnings Q/Q

-6.07%

Price Action

52 Week Range

71.86117.66

(Low)(High)

Last 7 days

-2.2%

Last 30 days

-2.6%

Last 90 days

-10.4%

Trailing 12 Months

19.9%

TTC Financial Health

Current Ratio

1.78

Debt/Equity

0.78

Debt/Cashflow

0.28

TTC Investor Care

Dividend Yield

1.22%

Dividend/Share (TTM)

1.24

Buy Backs (1Y)

0.23%

Diluted EPS (TTM)

4.56

Peers (Alternatives to Toro)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DE	110.4B	59.7B	-2.92%	3.14%	12.34	1.85	30.32%	50.38%
CMI	33.1B	30.1B	-2.96%	4.93%	15.16	1.18	23.97%	0.88%
DOV	19.5B	8.5B	-3.14%	4.34%	18.31	2.29	5.49%	-4.42%
TTC	10.6B	4.7B	-2.65%	19.91%	25.08	2.25	17.70%	8.16%
MID-CAP
LECO	10.5B	313.9M	6.97%	31.80%	22.38	33.37	-83.74%	42.51%
PNR	9.6B	4.2B	1.46%	15.02%	19.56	2.32	6.47%	-9.04%
AGCO	8.9B	12.7B	-6.36%	-7.71%	9.21	0.71	13.58%	8.06%
JBT	3.7B	2.2B	8.98%	-7.59%	28.24	1.66	15.97%	11.71%
TEX	3.1B	4.4B	4.49%	42.66%	10.4	0.71	13.66%	35.81%
KMT	2.2B	2.1B	2.01%	-2.07%	17.9	1.08	2.98%	-10.34%
ALG	2.1B	1.6B	0.68%	46.40%	18.26	1.36	12.88%	43.76%
SMALL-CAP
LNN	1.4B	746.9M	2.62%	-7.24%	17.32	1.84	9.53%	72.07%
CMCO	1.1B	935.8M	13.83%	9.92%	24.18	1.2	11.48%	69.08%
HY	858.5M	3.7B	2.79%	35.79%	-11.59	0.24	17.31%	88.95%
ARTW	9.7M	7.9M	-4.62%	1.22%	41.49	0.36	-68.64%	182.13%

Financials for Toro

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	4.8%	4,731	4,515	4,303	4,120	4,019
Gross Profit	6.3%	1,600	1,505	1,395	1,326	1,324
S&GA Expenses	5.5%	980	929	896	868	855
EBITDA	7.8%	715	663	584	567	-
EBITDA Margin	2.9%	0.15*	0.15*	0.13*	0.14*	-
Earnings Before Taxes	8.0%	597	553	479	439	451
EBT Margin	3.1%	0.13*	0.12*	0.11*	0.11*	-
Interest Expenses	19.9%	43.00	36.00	31.00	29.00	28.00
Net Income	14.9%	443	386	357	368	-
Net Income Margin	-4.6%	0.09*	0.10*	0.09*	0.09*	-
Free Cahsflow	2.5%	157	154	101	166	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	2.8%	3,655	3,556	3,440	3,479	3,253
Current Assets	4.9%	1,758	1,675	1,604	1,664	1,437
Cash Equivalents	-7.6%	174	188	232	263	193
Inventory	7.6%	1,131	1,051	939	892	832
Net PPE	2.2%	584	572	532	512	508
Goodwill	0.2%	585	583	584	581	577
Current Liabilities	-7.1%	988	1,064	1,011	1,111	986
Long Term Debt	-3.2%	1,056	1,091	1,091	-	-
LT Debt, Current	-35.0%	65.00	100	100	-	-
LT Debt, Non Current	10.1%	1,091	991	991	991	991
Shareholder's Equity	6.8%	1,444	1,352	1,287	1,224	1,120
Retained Earnings	6.8%	1,368	1,281	1,214	1,147	1,041
Shares Outstanding	0.3%	104	104	104	105	105

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	7.1%	318	297	233	280	370
Share Based Compensation	0.0%	22.00	22.00	23.00	23.00	23.00
Cashflow From Investing	71.4%	-156	-548	-538	-517	-539
Cashflow From Financing	-518.3%	-176	42.00	10.00	13.00	-67.36
Dividend Payments	3.2%	130	126	122	119	115
Buy Backs	-53.6%	65.00	140	235	270	346

Risks for TTC

What is the probability of a big loss on TTC?

38.5%

Probability that Toro stock will be more than 20% underwater in next one year

24.2%

Probability that Toro stock will be more than 30% underwater in next one year.

Probability that Toro stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TTC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Toro was unfortunately bought at previous high price.

Drawdowns

Returns for TTC

Cumulative Returns on TTC

17.4%

10-Year Cumulative Returns

14.0%

7-Year Cumulative Returns

12.8%

5-Year Cumulative Returns

14.6%

3-Year Cumulative Returns

What are the long-term rolling returns for TTC?

FIve years rolling returns for Toro.

Annualized Returns

Which funds bought or sold TTC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-06-01	MACQUARIE GROUP LTD	new	-	-	-	-%
2023-05-26	ProShare Advisors LLC	reduced	-7.08	-3,351,150	34,935,800	0.11%
2023-05-23	Front Row Advisors LLC	reduced	-3.12	-	7,000	-%
2023-05-23	Toroso Investments, LLC	added	4.11	57,000	2,638,000	0.04%
2023-05-23	BROOKFIELD Corp /ON/	sold off	-100	-4,806,700	-	-%
2023-05-22	Raleigh Capital Management Inc.	reduced	-69.58	-28,202	12,017	0.01%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-4.28	-1,517,660	23,738,300	0.01%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-5.29	-1,346,000	17,897,000	0.02%
2023-05-18	SkyView Investment Advisors, LLC	reduced	-1.85	-30,000	789,000	0.18%
2023-05-18	JPMORGAN CHASE & CO	reduced	-14.95	-74,111,700	375,613,000	0.05%

Latest Funds Activity

Are funds buying TTC calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own TTC

No. of Funds

Toro News

Schedule 13G FIlings of Toro

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	4.9%	5,067,162	SC 13G/A
Feb 14, 2023	select equity group, l.p.	5.6%	5,839,470	SC 13G
Feb 09, 2023	vanguard group inc	10.05%	10,456,523	SC 13G/A
Jan 25, 2023	blackrock inc.	9.0%	9,331,589	SC 13G/A
Feb 14, 2022	select equity group, l.p.	4.4%	4,626,911	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	5.9%	6,246,264	SC 13G
Feb 10, 2022	vanguard group inc	10.12%	10,570,538	SC 13G/A
Feb 01, 2022	blackrock inc.	8.5%	8,906,421	SC 13G/A
Jun 10, 2021	vanguard group inc	10.08%	10,794,085	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	4.2%	4,538,116	SC 13G/A

TTC Fair Value

Show Fair-Value

Recent SEC filings of Toro

View All Filings

Date Filed	Form Type	Document
May 30, 2023	8-K	Current Report
May 30, 2023	SD	SD
May 24, 2023	8-K	Current Report
May 15, 2023	8-K	Current Report
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading
Mar 31, 2023	144	Notice of Insider Sale Intent
Mar 30, 2023	4	Insider Trading
Mar 28, 2023	4	Insider Trading

Latest Insider Trading transactions for TTC

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-04-03	Drake Angela C	acquired	41,624	109	379	vp & cfo
2023-04-03	Drake Angela C	sold (taxes)	-14,375	109	-131	vp & cfo
2023-03-31	MOELLER PETER D	sold	-220,760	110	-2,000	group vp, undg & spec construc
2023-03-31	MOELLER PETER D	gifted	-	-	-100	group vp, undg & spec construc
2023-03-31	MOELLER PETER D	acquired	113,080	56.54	2,000	group vp, undg & spec construc
2023-03-30	Walters Daryn A	bought	100,146	110	910	vp, exmark & intimidator group
2023-03-28	Walters Daryn A	sold (taxes)	-12,837	109	-117	vp, exmark & intimidator group
2023-03-28	Walters Daryn A	acquired	37,028	109	337	vp, exmark & intimidator group
2023-03-27	Rodier Richard W	sold	-326,451	108	-3,000	group vp, construction
2023-03-27	Rodier Richard W	acquired	106,037	35.3457	3,000	group vp, construction

About Toro

Richard M. Olson

www.thetorocompany.com

11000

The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment worldwide. The company's 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; and snow and ice management equipment, such as snowplows, brush, snow thrower attachment, 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 grass and hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, hoses, and hose-end retail irrigation products. This segment sells its products to homeowners through a network of distributors and dealers; 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.

TTC Income Statement

2023-02-03

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 03, 2023	Jan. 28, 2022
Income Statement [Abstract]
Net sales	$ 1,148,840	$ 932,650
Cost of sales	752,916	632,174
Gross profit	395,924	300,476
Selling, general and administrative expense	259,497	208,850
Operating earnings	136,427	91,626
Interest expense	(14,124)	(7,013)
Other income, net	9,011	2,534
Earnings before income taxes	131,314	87,147
Provision for income taxes	24,454	17,637
Net earnings	$ 106,860	$ 69,510
Basic net earnings per share of common stock (in dollars per share)	$ 1.02	$ 0.66
Diluted net earnings per share of common stock (in dollars per share)	$ 1.01	$ 0.66
Weighted-average number of shares of common stock outstanding — Basic (in shares)	104,501	105,037
Weighted-average number of shares of common stock outstanding — Diluted (in shares)	105,577	106,048

TTC Balance Sheet

2023-02-03

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Feb. 03, 2023	Oct. 31, 2022	Jan. 28, 2022
ASSETS
Cash and cash equivalents	$ 174,037	$ 188,250	$ 192,959
Receivables, net	377,262	332,713	366,270
Inventories, net	1,131,438	1,051,109	832,072
Prepaid expenses and other current assets	74,957	103,279	45,962
Total current assets	1,757,694	1,675,351	1,437,263
Property, plant, and equipment, net	584,147	571,661	507,549
Goodwill	584,550	583,297	576,940
Other intangible assets, net	577,064	585,832	600,797
Right-of-use assets	74,573	76,121	78,306
Investment in finance affiliate	45,726	39,349	24,119
Deferred income taxes	11,747	5,310	3,938
Other assets	19,445	19,077	24,133
Total assets	3,654,946	3,555,998	3,253,045
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current portion of long-term debt	0	0	100,000
Accounts payable	475,218	578,624	474,483
Accrued liabilities	496,793	469,242	395,739
Short-term lease liabilities	15,962	15,747	15,842
Total current liabilities	987,973	1,063,613	986,064
Long-term debt, less current portion	1,091,015	990,768	991,354
Long-term lease liabilities	60,680	63,604	65,760
Deferred income taxes	31,444	44,272	50,382
Other long-term liabilities	39,663	42,040	39,936
Stockholders’ equity:
Preferred stock, par value $1.00 per share, authorized 1,000,000 voting and 850,000 non-voting shares, none issued and outstanding	0	0	0
Common stock, par value $1.00 per share, authorized 175,000,000 shares; issued and outstanding 104,283,002 shares as of February 3, 2023, 104,528,510 shares as of January 28, 2022, and 103,969,805 shares as of October 31, 2022	104,283	103,970	104,529
Retained earnings	1,368,493	1,280,856	1,040,634
Accumulated other comprehensive loss	(28,605)	(33,125)	(25,614)
Total stockholders’ equity	1,444,171	1,351,701	1,119,549
Total liabilities and stockholders’ equity	$ 3,654,946	$ 3,555,998	$ 3,253,045