Toro Co. (NYSE:TTC) has been assigned a consensus broker rating score of 3.00 (Hold) from the five brokers that provide coverage for the stock, Zacks Investment Research reports. Five research analysts have rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price objective of $45.00 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Toro an industry rank of 104 out of 265 based on the ratings given to its competitors.
Several research firms recently issued reports on TTC. Northcoast Research reissued a “neutral” rating on shares of Toro in a report on Thursday, June 30th. Sidoti cut shares of Toro from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a report on Friday, June 10th. Finally, Zacks Investment Research raised shares of Toro from a “sell” rating to a “hold” rating in a report on Friday, September 9th.
In other Toro news, VP William E. Brown, Jr. sold 6,000 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of C$98.34, for a total value of C$590,040.00. Following the completion of the transaction, the vice president now directly owns 93,469 shares of the company’s stock, valued at C$9,191,741.46. The sale was disclosed in a filing with the SEC, which is available at this link. 5.94% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning boosted its position in shares of Toro by 2.3% in the second quarter. Creative Planning now owns 1,492 shares of the company’s stock worth $132,000 after buying an additional 33 shares during the period. TLP Group LLC bought a new position in shares of Toro during the second quarter worth about $161,000. Advisory Services Network LLC boosted its position in shares of Toro by 234.5% in the second quarter. Advisory Services Network LLC now owns 1,880 shares of the company’s stock worth $166,000 after buying an additional 1,318 shares during the period. Quantbot Technologies LP bought a new position in shares of Toro during the second quarter worth about $179,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Toro by 917.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the company’s stock worth $215,000 after buying an additional 2,201 shares during the period. 74.95% of the stock is owned by institutional investors.
Toro (NYSE:TTC) opened at 47.46 on Monday. Toro has a 52 week low of $32.35 and a 52 week high of $49.50. The company has a 50 day moving average price of $47.80 and a 200 day moving average price of $44.99. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 23.78 and a beta of 0.57.
Toro (NYSE:TTC) last announced its earnings results on Thursday, August 18th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. Toro had a net margin of 9.33% and a return on equity of 43.50%. The business earned $601 million during the quarter, compared to the consensus estimate of $623.79 million. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts expect that Toro will post $2.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. Toro’s dividend payout ratio (DPR) is presently 29.93%.
Toro Company Profile
The Toro Company designs, manufactures and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The Company operates through three segments: Professional, Residential and Distribution.
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