Toro Co. (NYSE:TTC) – Equities research analysts at Seaport Global Securities dropped their Q2 2017 earnings estimates for shares of Toro in a report issued on Monday. Seaport Global Securities analyst M. Shlisky now expects that the firm will post earnings per share of $1.06 for the quarter, down from their prior estimate of $1.09. Seaport Global Securities also issued estimates for Toro’s Q3 2017 earnings at $0.52 EPS and FY2017 earnings at $2.18 EPS.

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Earnings History and Estimates for Toro (NYSE:TTC)

TTC has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Toro from a “sell” rating to a “hold” rating in a report on Tuesday, November 15th. Dougherty & Co began coverage on shares of Toro in a report on Friday, November 4th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Toro currently has an average rating of “Hold” and an average price target of $45.67.

Shares of Toro (NYSE:TTC) opened at 53.50 on Tuesday. The company’s 50 day moving average is $48.96 and its 200-day moving average is $46.58. The firm has a market cap of $5.85 billion, a PE ratio of 26.80 and a beta of 0.43. Toro has a 12 month low of $32.35 and a 12 month high of $54.15.

Several institutional investors have recently added to or reduced their stakes in TTC. Metropolitan Life Insurance Co. NY increased its position in Toro by 2.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 51,936 shares of the company’s stock valued at $4,473,000 after buying an additional 1,093 shares in the last quarter. Barclays PLC increased its position in Toro by 74.7% in the first quarter. Barclays PLC now owns 7,753 shares of the company’s stock valued at $667,000 after buying an additional 3,314 shares in the last quarter. Arizona State Retirement System increased its position in Toro by 5.3% in the first quarter. Arizona State Retirement System now owns 29,888 shares of the company’s stock valued at $2,574,000 after buying an additional 1,500 shares in the last quarter. Squarepoint Ops LLC bought a new position in Toro during the first quarter valued at approximately $756,000. Finally, BlueMountain Capital Management LLC bought a new position in Toro during the first quarter valued at approximately $495,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.

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About Toro

The Toro Company designs, manufactures and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The Company operates through three segments: Professional, Residential and Distribution.

5 Day Chart for NYSE:TTC

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