The Toro Company (TTC) Stock Price & How to Invest

The Toro Company designs and manufactures equipment for outdoor environments, and it reports in two segments. Professional, which produced about ~$1.11 billion of the ~$1.42 billion in second-quarter fiscal 2026 sales, covers golf course mowers and irrigation, zero-turn and stand-on mowers for landscape contractors, grounds equipment for municipalities and sports fields, snow and ice management, and the underground construction line built around Ditch Witch, American Augers, Subsite and HammerHead. Residential, at roughly ~$310 million in the quarter, sells walk-behind and riding mowers, snow throwers and yard tools through home centers, dealers and mass retail. The brand family also includes BOSS, Ventrac, Spartan, Hayter, Irritrol and Lawn-Boy. Toro employed about ~9,200 people at the end of fiscal 2025, sells into more than 125 countries, and still generates roughly ~80 percent of revenue inside the United States.

The investment picture in August 2026 is a margin story sitting on a flat revenue base. Fiscal 2025 sales of ~$4.51 billion were slightly below fiscal 2024, and the year carried an ~$81 million non-cash impairment of the Spartan trade name. Fiscal 2026 has gone better: first-half sales rose ~6.4 percent to ~$2.46 billion, second-quarter adjusted earnings per share rose ~12.7 percent to ~$1.60, and management raised full-year guidance to sales growth of ~4.0 to ~6.5 percent and adjusted earnings per share of ~$4.50 to ~$4.62. The shares have followed, trading near ~$99 against a 52-week range of roughly ~$68 to ~$105 for a market value of about ~$9.4 billion, or roughly ~22 times the midpoint of guided adjusted earnings. That is a full price for a company whose unit volumes are not growing much and whose earnings gains come from price realization and a cost program. The central question is whether the AMP productivity initiative and the Tornado acquisition can keep compounding earnings faster than sales once pricing comparisons get harder.

Demand is weather-dependent and seasonal, so a dry spring, a snowless winter or a slow golf capital cycle can move a quarter regardless of execution. Roughly a fifth of sales sit in Residential and mass retail channels that discount quickly when consumers pull back on big-ticket outdoor purchases. The company has flagged tariffs, inflation and government budget cuts as live pressures, and higher material, manufacturing and freight costs offset part of the second-quarter price gains. Warranty accruals rose to ~$164.5 million with a charge against pre-existing warranties. Field inventory at distributors and dealers is a recurring swing factor, and in May 2024 the short seller Jehoshaphat Research alleged Toro had shipped excess product into that channel; plaintiff firms including Pomerantz and Levi and Korsinsky publicised investigations, but no securities class action complaint has been disclosed in the company's filings and none appears on file. Finally, Richard Olson hands the chief executive role to Edric Funk on November 1, 2026, and a leadership change always carries some execution uncertainty even when it is planned and internal.

4 analysts publish price targets on TTC, averaging $109.25 against a $99.56 price as of August 2026, or +9.7%. The published targets run from $100.00 to $120.00, a narrow spread, and the ratings split 2 buy, 3 hold, 0 sell. Over the last six months there have been 2 raises and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full TTC forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on The Toro Company. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. The AMP productivity program. Amplifying Maximum Productivity is a multi-year cost initiative targeting more than ~$125 million of annualized savings by fiscal 2027, raised from an original goal of at least ~$100 million. The most optimistic published target, $120.00, assumes this works close to its best case.

The case against. Demand is weather-dependent and seasonal, so a dry spring, a snowless winter or a slow golf capital cycle can move a quarter regardless of execution. The most pessimistic target, $100.00, is roughly what TTC is worth if this bites instead.

Read the full bull and bear case on TTC, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see The Toro Company's investor relations page or your broker.

• Revenue (TTM): ~$4.66B
• Q2 FY2026 net sales: ~$1.42B (+8.1% YoY)
• Q2 FY2026 adjusted EPS: ~$1.60 (+12.7% YoY)
• FY2026 guidance: ~4.0%-6.5% sales growth, ~$4.50-$4.62 adjusted EPS
• Market cap: ~$9.4B
• Forward P/E (guided adjusted EPS): ~22x

Toro's fiscal year ends in late October, so the most recent reported period is the second quarter that closed May 1, 2026. Trailing GAAP earnings of about ~$3.47 per share put the reported multiple near ~29 times, but fiscal 2025 included an ~$81 million non-cash impairment of the Spartan trade name that does not repeat, which is why the forward figure on guided adjusted earnings is closer to ~22 times. Free cash flow of ~$578 million in fiscal 2025 covered dividends and buybacks with room left over.

Other names that sit close to TTC: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get TTC exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so TTC sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where TTC fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Toro is a mid-single-digit grower whose recent story is self-help margin gains and heavy buybacks, so the question is how much of that improvement is already in a stock near its record high.

Whether TTC is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is TTC a buy or a sell?, and where the stock could go from here in the TTC stock forecast.

For income investors, whether TTC pays a dividend and how the payout looks is covered in does TTC pay a dividend? And to weigh TTC against a peer, read the full side-by-side comparisons: TTC vs FSS and TTC vs CAT.