Analysts Set The Toro Company (NYSE:TTC) Price Target at $89.75

The Toro Company (NYSE:TTC - Get Free Report) has earned an average rating of "Moderate Buy" from the five analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $89.75.

A number of brokerages have commented on TTC. Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. DA Davidson reduced their target price on 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 cut their price target on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Northland Securities upgraded shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a research note on Monday, February 24th. Finally, StockNews.com downgraded Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th.

Institutional Investors Weigh In On Toro

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in Toro by 0.8% during the 4th quarter. Pacer Advisors Inc. now owns 15,298 shares of the company's stock worth $1,225,000 after buying an additional 120 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its stake in shares of Toro by 1.1% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company's stock valued at $923,000 after acquiring an additional 127 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Toro by 30.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after buying an additional 127 shares during the period. Northwest Financial Advisors raised its stake in shares of Toro by 2.0% during the fourth quarter. Northwest Financial Advisors now owns 6,945 shares of the company's stock valued at $556,000 after purchasing an additional 139 shares during the period. Finally, Savant Capital LLC grew its stake in Toro by 5.0% during the 4th quarter. Savant Capital LLC now owns 3,293 shares of the company's stock valued at $264,000 after purchasing an additional 158 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Stock Performance

Shares of TTC traded up $0.14 during trading hours on Thursday, hitting $68.88. The company's stock had a trading volume of 60,110 shares, compared to its average volume of 969,595. Toro has a 52-week low of $62.34 and a 52-week high of $100.93. The business has a 50 day simple moving average of $72.16 and a two-hundred day simple moving average of $79.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 17.14 and a beta of 0.72.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.38 per share. The ex-dividend date was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 2.21%. Toro's dividend payout ratio (DPR) is presently 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.