NYSE:TTC - New York Stock Exchange, Inc. - US8910921084 - Common Stock - Currency: USD
Balancing Dividends and Fundamentals: The Case of TORO CO (NYSE:TTC).
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings. However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn as the industry has shed 11.2% over the past six months. This drop was worse than the S&P 500’s 5.6% decline.
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.
Outdoor equipment company Toro (NYSE:TTC) missed Wall Street’s revenue expectations in Q4 CY2024, with sales flat year on year at $995 million. Its non-GAAP profit of $0.65 per share was 3.6% above analysts’ consensus estimates.
Outdoor equipment company Toro (NYSE:TTC) will be announcing earnings results tomorrow before market open. Here’s what to look for.
/PRNewswire/ -- Simpson Manufacturing Co., Inc. (the "Company") (NYSE: SSD), an industry leader in engineered structural connectors and building solutions,...
Mentions: SSD