The Toro Company (NYSE:TTC) Given Average Rating of "Moderate Buy" by Brokerages

Shares of The Toro Company (NYSE:TTC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $89.75.

Several equities research analysts recently weighed in on TTC shares. Northland Securities upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price for the company in a research note on Monday, February 24th. DA Davidson lowered their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Robert W. Baird dropped their target price on shares of Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Finally, StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. True Wealth Design LLC boosted its stake in shares of Toro by 127.2% during the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after buying an additional 206 shares during the period. Asset Planning Inc acquired a new stake in Toro during the 4th quarter worth approximately $31,000. Brooklyn Investment Group lifted its position in Toro by 94.1% during the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after acquiring an additional 240 shares during the period. Financial Harvest LLC purchased a new position in shares of Toro in the 1st quarter valued at approximately $42,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Toro by 30.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after purchasing an additional 127 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Stock Down 2.5%

Shares of NYSE:TTC traded down $1.92 during trading hours on Monday, reaching $74.82. The stock had a trading volume of 1,001,729 shares, compared to its average volume of 969,563. Toro has a 1 year low of $62.34 and a 1 year high of $100.93. The firm's 50 day moving average is $70.72 and its 200-day moving average is $78.14. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 18.66 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Toro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Tuesday, June 17th. Toro's dividend payout ratio is currently 38.87%.

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.