The Toro Company (NYSE:TTC) Receives Average Recommendation of "Hold" from Analysts

Shares of The Toro Company (NYSE:TTC - Get Free Report) have been given a consensus rating of "Hold" by the five research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $82.75.

Several analysts have commented on TTC shares. Northland Capmk lowered Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Robert W. Baird boosted their target price on shares of Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. DA Davidson set a $76.00 price target on Toro and gave the stock a "neutral" rating in a research note on Monday. Northland Securities reiterated a "market perform" rating and set a $80.00 price target (down from $100.00) on shares of Toro in a research report on Friday, June 6th. Finally, Wall Street Zen lowered Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th.

Insider Buying and Selling at Toro

In other news, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total transaction of $356,740.78. Following the transaction, the director now owns 34,062 shares in the company, valued at $2,411,930.22. The trade was a 12.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Toro

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors increased its holdings in shares of Toro by 33.8% during the 4th quarter. Captrust Financial Advisors now owns 52,934 shares of the company's stock worth $4,240,000 after buying an additional 13,373 shares during the last quarter. LPL Financial LLC grew its position in Toro by 33.6% in the fourth quarter. LPL Financial LLC now owns 57,435 shares of the company's stock worth $4,601,000 after acquiring an additional 14,433 shares during the period. Quantbot Technologies LP increased its stake in Toro by 111.4% during the fourth quarter. Quantbot Technologies LP now owns 51,945 shares of the company's stock worth $4,161,000 after acquiring an additional 27,376 shares during the last quarter. Bank of New York Mellon Corp raised its position in Toro by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock valued at $95,123,000 after purchasing an additional 60,068 shares during the period. Finally, Bell Asset Management Ltd lifted its stake in shares of Toro by 72.4% in the 4th quarter. Bell Asset Management Ltd now owns 77,756 shares of the company's stock valued at $6,228,000 after purchasing an additional 32,661 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Stock Performance

Shares of NYSE:TTC traded down $2.48 during trading on Friday, hitting $67.27. The stock had a trading volume of 1,006,896 shares, compared to its average volume of 941,555. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. Toro has a 12-month low of $62.34 and a 12-month high of $100.93. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 16.78 and a beta of 0.83. The stock has a 50-day simple moving average of $71.28 and a two-hundred day simple moving average of $76.91.

Toro (NYSE:TTC - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.02. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. The company's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 earnings per share. On average, equities research analysts expect that Toro will post 4.41 earnings per share for the current fiscal year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, June 17th. This represents a $1.52 dividend on an annualized basis and a yield of 2.26%. Toro's payout ratio is 38.97%.

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.