The Toro Company (NYSE:TTC) Receives $105.60 Average PT from Analysts

Shares of The Toro Company (NYSE:TTCGet Free Report) have received a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $105.60.

Several equities analysts have recently issued reports on TTC shares. DA Davidson upped their target price on Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. StockNews.com downgraded shares of Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, TheStreet upgraded shares of Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th.

Read Our Latest Stock Analysis on TTC

Insider Activity at Toro

In related news, VP Edric C. Funk sold 615 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $89.57, for a total transaction of $55,085.55. Following the sale, the vice president now directly owns 1,049 shares in the company, valued at approximately $93,958.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Gary Lee Ellis sold 5,192 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $88.75, for a total transaction of $460,790.00. Following the sale, the director now directly owns 33,051 shares in the company, valued at $2,933,276.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Edric C. Funk sold 615 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $89.57, for a total transaction of $55,085.55. Following the completion of the sale, the vice president now directly owns 1,049 shares in the company, valued at $93,958.93. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by company insiders.

Institutional Trading of Toro

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in shares of Toro in the 4th quarter valued at about $26,000. UMB Bank n.a. grew its stake in Toro by 1,204.8% in the 1st quarter. UMB Bank n.a. now owns 274 shares of the company’s stock worth $25,000 after buying an additional 253 shares in the last quarter. VisionPoint Advisory Group LLC increased its holdings in shares of Toro by 135.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock worth $25,000 after buying an additional 174 shares during the last quarter. Rise Advisors LLC increased its holdings in shares of Toro by 2,057.1% in the 1st quarter. Rise Advisors LLC now owns 302 shares of the company’s stock worth $28,000 after buying an additional 288 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new stake in shares of Toro during the 3rd quarter valued at $25,000. Institutional investors own 87.95% of the company’s stock.

Toro Trading Up 0.8 %

NYSE TTC opened at $88.11 on Friday. The company has a current ratio of 2.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $88.20 and a 200 day simple moving average of $89.32. Toro has a 12 month low of $78.35 and a 12 month high of $108.50. The firm has a market capitalization of $9.20 billion, a P/E ratio of 32.16 and a beta of 0.72.

Toro (NYSE:TTCGet Free Report) last announced its earnings results on Thursday, March 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). Toro had a net margin of 6.53% and a return on equity of 26.66%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, analysts predict that Toro will post 4.3 EPS for the current fiscal year.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.63%. Toro’s payout ratio is 52.55%.

Toro Company Profile

(Get Free Report

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The 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, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.

Further Reading

Analyst Recommendations for Toro (NYSE:TTC)

Receive News & Ratings for Toro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro and related companies with MarketBeat.com's FREE daily email newsletter.