The Toro Company (NYSE:TTC) Receives Consensus Rating of “Hold” from Analysts

Shares of The Toro Company (NYSE:TTC) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $105.60.

TTC has been the subject of several recent analyst reports. StockNews.com downgraded Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. TheStreet upgraded Toro from a “c+” rating to a “b-” rating in a report on Thursday, February 15th. DA Davidson increased 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. Finally, Robert W. Baird increased their price target on Toro from $92.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st.

Insider Buying and Selling

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

Hedge Funds Weigh In On Toro

Institutional investors have recently modified their holdings of the business. Orion Capital Management LLC bought a new stake in Toro during the 3rd quarter worth $25,000. VisionPoint Advisory Group LLC grew its position in shares of Toro by 135.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock valued at $25,000 after buying an additional 174 shares during the last quarter. Fortitude Family Office LLC bought a new stake in shares of Toro in the 4th quarter valued at about $26,000. Rise Advisors LLC grew its position in shares of Toro by 2,057.1% in the 1st quarter. Rise Advisors LLC now owns 302 shares of the company’s stock valued at $28,000 after buying an additional 288 shares during the last quarter. Finally, Fred Alger Management LLC bought a new stake in shares of Toro in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Trading Down 0.2 %

NYSE TTC opened at $85.60 on Tuesday. The stock has a 50-day simple moving average of $91.01 and a 200 day simple moving average of $88.84. The company has a market capitalization of $8.94 billion, a PE ratio of 31.24 and a beta of 0.72. The company has a current ratio of 2.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. Toro has a 12 month low of $78.35 and a 12 month high of $108.50.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1 billion. Toro had a net margin of 6.53% and a return on equity of 26.66%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. Research analysts forecast that Toro will post 4.3 EPS for the current year.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. Toro’s payout ratio is presently 52.55%.

Toro Company Profile

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.