Analysts Set The Toro Company (NYSE:TTC) Target Price at $98.75

Shares of The Toro Company (NYSE:TTCGet Free Report) have been given an average recommendation of “Hold” by the four analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $98.75.

A number of research firms have recently weighed in on TTC. Robert W. Baird lifted their price objective on Toro from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. StockNews.com cut Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, DA Davidson boosted their price target on Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th.

View Our Latest Stock Analysis on TTC

Toro Price Performance

NYSE TTC opened at $90.02 on Friday. Toro has a one year low of $77.15 and a one year high of $106.68. The stock has a 50-day moving average of $89.14 and a 200 day moving average of $90.68. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 35.58 and a beta of 0.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.87 and a current ratio of 1.93.

Toro (NYSE:TTCGet Free Report) last released its quarterly earnings results on Thursday, June 6th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Toro had a return on equity of 25.04% and a net margin of 6.00%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. On average, sell-side analysts forecast that Toro will post 4.33 EPS for the current year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, June 18th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, June 18th. Toro’s dividend payout ratio (DPR) is currently 56.92%.

Insider Buying and Selling at Toro

In other Toro news, CEO Richard M. Olson sold 20,000 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $95.19, for a total value of $1,903,800.00. Following the completion of the sale, the chief executive officer now directly owns 17,913 shares in the company, valued at $1,705,138.47. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.62% of the stock is currently owned by company insiders.

Institutional Trading of Toro

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in Toro by 635.5% in the second quarter. GAMMA Investing LLC now owns 2,898 shares of the company’s stock valued at $271,000 after purchasing an additional 2,504 shares during the period. Confluence Investment Management LLC lifted its position in shares of Toro by 1.7% in the second quarter. Confluence Investment Management LLC now owns 229,670 shares of the company’s stock valued at $21,476,000 after acquiring an additional 3,897 shares in the last quarter. Atria Investments Inc purchased a new position in shares of Toro in the first quarter valued at approximately $1,139,000. Cim LLC lifted its position in shares of Toro by 1.1% in the first quarter. Cim LLC now owns 139,910 shares of the company’s stock valued at $12,820,000 after acquiring an additional 1,518 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its position in shares of Toro by 28.0% in the first quarter. iA Global Asset Management Inc. now owns 6,666 shares of the company’s stock valued at $611,000 after acquiring an additional 1,460 shares in the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.

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.

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