Toro (NYSE:TTC) Given Market Perform Rating at Northland Securities

Toro (NYSE:TTC - Get Free Report)'s stock had its "market perform" rating restated by investment analysts at Northland Securities in a report released on Friday, MarketBeat reports. They currently have a $80.00 price objective on the stock, down from their prior price objective of $100.00. Northland Securities' price objective suggests a potential upside of 13.85% from the stock's previous close.

TTC has been the subject of a number of other reports. Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Robert W. Baird upped their price target on shares of Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday. Wall Street Zen cut shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, DA Davidson decreased their price target 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. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $85.00.

Toro Stock Down 4.1%

NYSE:TTC traded down $3.03 during trading hours on Friday, reaching $70.27. The company's stock had a trading volume of 507,314 shares, compared to its average volume of 955,010. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 17.51 and a beta of 0.83. Toro has a one year low of $62.34 and a one year high of $100.93. The business's 50-day moving average is $71.04 and its 200-day moving average is $77.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. Toro had a net margin of 9.14% and a return on equity of 27.25%. Toro's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. Equities research analysts predict that Toro will post 4.41 EPS for the current year.

Institutional Investors Weigh In On Toro

Several hedge funds have recently made changes to their positions in the stock. Lowe Brockenbrough & Co. Inc. lifted its stake in shares of Toro by 1.1% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company's stock valued at $923,000 after buying an additional 127 shares during the period. CIBC Private Wealth Group LLC lifted its stake 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 valued at $43,000 after buying an additional 127 shares during the period. Savant Capital LLC lifted its stake in shares of Toro by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,293 shares of the company's stock valued at $264,000 after buying an additional 158 shares during the period. CIBC Asset Management Inc raised its position in Toro by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 3,216 shares of the company's stock worth $258,000 after purchasing an additional 164 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Toro by 1.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock worth $1,033,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

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.