TTC Should I Buy
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Toro Co (TTC) is not a strong buy for a beginner investor with a long-term strategy at this time. While the company has shown positive financial growth in Q1 2026, the lack of strong trading signals, insider selling, and mixed analyst ratings suggest a cautious approach. The stock's valuation appears fair but not undervalued, and technical indicators do not signal a clear buying opportunity.
The MACD is positive and expanding, indicating a bullish momentum. RSI is neutral at 64.098, and moving averages are converging, suggesting indecision. Key resistance levels are at 97.657 and 99.253, while support levels are at 92.488 and 90.892. The pre-market price of $96.27 is near resistance, limiting immediate upside potential.
The company reported strong Q1 financials, with revenue up 4.15% YoY, net income up 28.60% YoY, and EPS up 32.69% YoY. Analysts have raised the price target to $105, indicating potential upside.
Insider selling has increased significantly (1533.29% over the last month), and hedge funds are neutral. Analyst downgrade from Raymond James cites valuation concerns, and the stock's valuation has returned to its 10-year median. Lack of recent news or event-driven catalysts.
In Q1 2026, Toro Co's revenue increased by 4.15% YoY to $1.036 billion. Net income rose by 28.60% YoY to $67.9 million, and EPS grew by 32.69% YoY to $0.69. However, gross margin dropped by 3.74% YoY to 32.47%, indicating some cost pressures.
Baird raised the price target to $105 from $100, maintaining a Neutral rating. Raymond James downgraded the stock to Market Perform from Outperform, citing valuation concerns and muted homeowner activity. Analysts are mixed, with no strong consensus.
