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

TTC has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on Toro from $108.00 to $94.00 and set a "neutral" rating for the company in a research report on Tuesday, May 31st. StockNews.com downgraded Toro from a "buy" rating to a "hold" rating in a research note on Saturday, July 16th.

Toro Price Performance

Shares of TTC traded up $1.80 during mid-day trading on Friday, hitting $90.89. 216,657 shares of the stock were exchanged, compared to its average volume of 290,047. The company has a market cap of $9.50 billion, a PE ratio of 27.13 and a beta of 0.77. Toro has a 52-week low of $71.86 and a 52-week high of $114.78. The firm has a 50-day moving average of $81.37 and a two-hundred day moving average of $85.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.70 and a current ratio of 1.50.

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

Toro Announces Dividend

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

Insider Transactions at Toro

In other news, CEO Richard M. Olson sold 12,600 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $76.33, for a total transaction of $961,758.00. Following the transaction, the chief executive officer now owns 9,575 shares of the company's stock, valued at approximately $730,859.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Toro news, VP Richard W. Rodier sold 4,000 shares of the stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $79.30, for a total value of $317,200.00. Following the completion of the sale, the vice president now directly owns 23,696 shares in the company, valued at $1,879,092.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Richard M. Olson sold 12,600 shares of the stock in a transaction dated Thursday, June 30th. The shares were 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. In the last 90 days, insiders have sold 23,462 shares of company stock valued at $1,856,537. 2.10% of the stock is currently owned by corporate insiders.