Toro - TTC Stock Forecast, Price & News

The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment worldwide. The company's 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; and snow and ice management equipment, such as snowplows, brush, snow thrower attachment, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders. It also provides irrigation and lighting products that consist of sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, coupling systems, and ag-irrigation drip tape and hose products, as well as professionally installed landscape lighting products offered through distributors and landscape contractors. This segment sells its products primarily through a network of distributors and dealers to professional users engaged in maintaining golf courses, sports fields, municipal properties, agricultural fields, residential and commercial landscapes, and removing snow and ice, as well as directly to government customers, rental companies, and retailers. Its Residential segment provides walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solution products that include grass and hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, hoses, and hose-end retail irrigation products. This segment sells its products to homeowners through a network of distributors and dealers; and home centers, hardware retailers, and mass retailers, as well as online. The Toro Company was founded in 1914 and is headquartered in Bloomington, Minnesota.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TTC shares. StockNews.com lowered Toro from a "buy" rating to a "hold" rating in a report on Saturday, July 16th. Robert W. Baird cut their price target on Toro from $108.00 to $94.00 and set a "neutral" rating on the stock in a report on Tuesday, May 31st.

Toro Stock Up 2.0 %

Shares of NYSE:TTC traded up $1.80 during midday trading on Friday, reaching $90.89. The company had a trading volume of 216,657 shares, compared to its average volume of 519,707. The company has a quick ratio of 0.70, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. The business's 50 day moving average price is $81.28 and its 200 day moving average price is $85.03. The stock has a market cap of $9.50 billion, a PE ratio of 26.59 and a beta of 0.77. Toro has a 1-year low of $71.86 and a 1-year high of $114.78.

Toro (NYSE:TTC - Get Rating) last announced its quarterly earnings results on Thursday, June 2nd. The company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). Toro had a return on equity of 30.52% and a net margin of 8.67%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm earned $1.29 EPS. Toro's quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Toro will post 4.1 EPS for the current fiscal year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 13th. Shareholders of record on Wednesday, June 22nd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, June 21st. Toro's payout ratio is presently 35.82%.

Insiders Place Their Bets

In other news, CEO Richard M. Olson sold 12,600 shares of the company's stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $76.33, for a total transaction of $961,758.00. Following the completion of the transaction, the chief executive officer now directly owns 9,575 shares in the company, valued at $730,859.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Toro news, Director Janet Katherine Cooper sold 5,192 shares of Toro stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $86.58, for a total value of $449,523.36. Following the completion of the sale, the director now directly owns 717 shares in the company, valued at $62,077.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard M. Olson sold 12,600 shares of Toro stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $76.33, for a total value of $961,758.00. Following the completion of the sale, the chief executive officer now owns 9,575 shares of the company's stock, valued at $730,859.75. The disclosure for this sale can be found here. Insiders sold 23,462 shares of company stock worth $1,856,537 over the last three months. Insiders own 2.10% of the company's stock.