NYSE:TTC - New York Stock Exchange, Inc. - US8910921084 - Common Stock - Currency: USD
Companies in The News Are:CIEN,CBRL,TTC,FIVE
The Toro Company on Thursday trimmed its full-year profit and net sales projections due to "anticipated tariff impacts."
Toro (TTC) delivered earnings and revenue surprises of 2.90% and 1.94%, respectively, for the quarter ended April 2025. Do the numbers hold clues to what lies ahead for the stock?
Mentions: GIII
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Toro (TTC) have what it takes? Let's find out.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Toro (TTC) have what it takes? Let's find out.
Investors need to remember there were questions about end markets even prior to the tariff announcements, and the shares could take time to fully recover. Over the weekend, the United States and China laid out the framework for a trade deal and suspended some of the most onerous tariffs imposed by the two countries. It isn't a done deal yet, but shares of heavy equipment companies that were facing a two-sided blow from the tariffs are rallying on the news.
Clarus (CLAR) delivered earnings and revenue surprises of -300% and 6.35%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
Mentions: CLAR
Wall Street is running the numbers on the tariffs, and the impact is not good for heavy equipment manufacturers. Shares of Caterpillar (NYSE: CAT) fell by as much as 7% and Deere (NYSE: DE) by 4% after both companies were hit by downgrades, and Toro (NYSE: TTC) fell as much as 5% in sympathy. The massive tractors, construction, and agricultural equipment they make requires a lot of steel and other raw materials that are subject to tariffs, and their high-priced finished goods sell best when customers are flush with cash.
Wall Street's initial reaction to the new tariff policies announced Wednesday night is not positive, and manufacturers of heavy equipment are reacting worse than the overall market. Shares of Caterpillar (NYSE: CAT) and Toro (NYSE: TTC) were each down more than 6% as of 1 p.m. ET, while shares of Deere (NYSE: DE) were down 4%. An aggressive round of tariffs caught the markets off guard, with investors trying to assess the impact to the companies they own while also watching closely for signs trade partners could retaliate.