Toro Company (The) (NYSE:TTC) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $67.00.
A number of brokerages recently commented on TTC. BidaskClub upgraded shares of Toro Company (The) from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of Toro Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Longbow Research upgraded shares of Toro Company (The) from an “underperform” rating to a “neutral” rating in a research note on Monday, May 22nd. Dougherty & Co cut shares of Toro Company (The) from a “buy” rating to a “neutral” rating in a research note on Friday, August 25th. Finally, Seaport Global Securities cut shares of Toro Company (The) from a “buy” rating to a “neutral” rating and set a $67.00 price target on the stock. in a research note on Friday, August 25th.
Shares of Toro Company (NYSE:TTC) traded up 0.56% on Tuesday, hitting $61.11. 175,772 shares of the stock traded hands. The stock has a 50 day moving average price of $68.08 and a 200-day moving average price of $66.40. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 25.81 and a beta of 0.60. Toro Company has a 52 week low of $46.09 and a 52 week high of $73.86.
Toro Company (The) (NYSE:TTC) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. The company had revenue of $627.90 million for the quarter, compared to analysts’ expectations of $628.08 million. Toro Company (The) had a net margin of 10.63% and a return on equity of 45.32%. Toro Company (The)’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. On average, equities research analysts forecast that Toro Company will post $2.39 EPS for the current year.
In other Toro Company (The) news, Director Christopher A. Twomey sold 15,108 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $71.75, for a total value of $1,083,999.00. Following the sale, the director now directly owns 15,108 shares in the company, valued at approximately $1,083,999. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Blake M. Grams sold 8,200 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $60.93, for a total transaction of $499,626.00. Following the completion of the sale, the vice president now owns 8,200 shares in the company, valued at $499,626. The disclosure for this sale can be found here. Insiders sold a total of 70,580 shares of company stock worth $4,910,618 over the last quarter. Corporate insiders own 5.69% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Stonebridge Capital Advisors LLC purchased a new stake in Toro Company (The) in the 1st quarter worth approximately $208,000. Advisor Partners LLC purchased a new stake in Toro Company (The) in the 2nd quarter worth approximately $212,000. Tocqueville Asset Management L.P. purchased a new stake in Toro Company (The) in the 2nd quarter worth approximately $212,000. Coldstream Capital Management Inc. purchased a new stake in Toro Company (The) in the 1st quarter worth approximately $223,000. Finally, Advisory Services Network LLC lifted its stake in Toro Company (The) by 17.4% in the 2nd quarter. Advisory Services Network LLC now owns 3,556 shares of the company’s stock worth $246,000 after purchasing an additional 527 shares in the last quarter. Institutional investors and hedge funds own 74.76% of the company’s stock.
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Toro Company (The) Company Profile
The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.
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