Toro Company (The) (NYSE:TTC) Receives Average Rating of "Hold" from Brokerages

Key Points

• Toro Company has received an average rating of "Hold" from five analysts, with four recommending a hold and one a buy, and has a target price of $82.75.
• Recent insider trading included a sale of 5,038 shares by Director Gary Lee Ellis, indicating a 12.88% decrease in ownership, while VP Kurt D. Svendsen sold 6,000 shares, decreasing their position by 34.00%.
• The company declared a quarterly dividend of $0.38, which reflects an annualized payout of $1.52 and a dividend yield of 2.1%.

Shares of Toro Company (The) (NYSE:TTC - Get Free Report) have earned an average rating of "Hold" from the five analysts that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $82.75.

A number of equities analysts recently weighed in on TTC shares. Northland Securities reissued a "market perform" rating and issued a $80.00 price target (down from $100.00) on shares of Toro 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 company a "neutral" rating in a research note on Tuesday, June 3rd. Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. DA Davidson set a $76.00 price target on shares of Toro and gave the stock a "neutral" rating in a report on Monday, June 9th. Finally, Raymond James Financial reduced their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, June 6th.

Insider Buying and Selling

In related news, Director Gary Lee Ellis sold 5,038 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total value of $356,740.78. Following the completion of the transaction, the director directly owned 34,062 shares of the company's stock, valued at approximately $2,411,930.22. This trade represents a 12.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the sale, the vice president directly owned 11,646 shares in the company, valued at $826,749.54. The trade was a 34.00% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company's stock.

Institutional Trading of Toro

A number of institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC increased its position 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 valued at $43,000 after buying an additional 127 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Toro by 1.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock valued at $1,033,000 after acquiring an additional 173 shares in the last quarter. True Wealth Design LLC increased its holdings in Toro by 127.2% during the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after acquiring an additional 206 shares during the period. Baird Financial Group Inc. increased its holdings in Toro by 5.3% during the 4th quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock worth $352,000 after acquiring an additional 220 shares during the period. Finally, HighPoint Advisor Group LLC increased its holdings in Toro by 9.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,777 shares of the company's stock worth $223,000 after acquiring an additional 234 shares during the period. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Price Performance

Toro stock opened at $72.90 on Friday. Toro has a 52 week low of $62.34 and a 52 week high of $93.00. The company's 50 day moving average price is $72.96 and its two-hundred day moving average price is $74.44. The stock has a market cap of $7.19 billion, a P/E ratio of 18.69 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.73.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business posted $1.40 earnings per share. Toro's revenue was down 2.3% on a year-over-year basis. On average, equities analysts predict that Toro will post 4.41 earnings per share for the current year.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th were given a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.52 annualized dividend and a dividend yield of 2.1%. 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.

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