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.

Wall Street Analysts Forecast Growth

TTC has been the subject of several recent research 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 note on Tuesday, May 31st. StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a research report on Saturday, July 16th.

Toro Stock Up 1.4 %

NYSE:TTC traded up $1.23 during trading on Thursday, hitting $89.09. 308,138 shares of the company traded hands, compared to its average volume of 521,688. The company has a market capitalization of $9.32 billion, a P/E ratio of 26.59 and a beta of 0.77. The business has a fifty day simple moving average of $81.28 and a 200 day simple moving average of $85.03. Toro has a 12 month low of $71.86 and a 12 month high of $115.09. The company has a current ratio of 1.50, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81.

Toro (NYSE:TTC - Get Rating) last issued its quarterly earnings data 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). The company 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 firm's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. As a group, sell-side analysts predict that Toro will post 4.1 EPS for the current year.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Wednesday, June 22nd were issued a $0.30 dividend. The ex-dividend date was Tuesday, June 21st. This represents a $1.20 annualized dividend and a yield of 1.35%. Toro's dividend payout ratio (DPR) is presently 35.82%.

Insiders Place Their Bets

In other news, Director Janet Katherine Cooper sold 5,192 shares of the firm's stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $86.58, for a total value of $449,523.36. Following the sale, the director now directly owns 717 shares of the company's stock, valued at $62,077.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Janet Katherine Cooper sold 5,192 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $86.58, for a total transaction of $449,523.36. Following the completion of the transaction, 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 can be accessed through this link. Also, VP Daryn A. Walters sold 1,670 shares of the firm's stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $76.68, for a total transaction of $128,055.60. Following the completion of the sale, the vice president now owns 1,415 shares in the company, valued at approximately $108,502.20. The disclosure for this sale can be found here. Insiders sold a total of 23,462 shares of company stock valued at $1,856,537 in the last quarter. Insiders own 2.10% of the company's stock.