Toro Company (The) (NYSE:TTC) Director Katherine J. Harless sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $61.88, for a total transaction of $371,280.00. Following the transaction, the director now owns 77,672 shares of the company’s stock, valued at approximately $4,806,343.36. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Toro Company (NYSE:TTC) opened at 61.56 on Tuesday. Toro Company has a 1-year low of $46.09 and a 1-year high of $73.86. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 26.00 and a beta of 0.58. The firm’s 50-day moving average is $63.31 and its 200-day moving average is $66.44.

Toro Company (The) (NYSE:TTC) last released its earnings results on Thursday, August 24th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Toro Company (The) had a return on equity of 45.32% and a net margin of 10.63%. The firm had revenue of $627.90 million for the quarter, compared to analyst estimates of $628.08 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts predict that Toro Company will post $2.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.175 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.14%. Toro Company (The)’s dividend payout ratio (DPR) is presently 29.54%.

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Several analysts recently commented on the stock. Dougherty & Co lowered shares of Toro Company (The) from a “buy” rating to a “neutral” rating in a research note on Friday, August 25th. BidaskClub cut Toro Company (The) from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Seaport Global Securities cut Toro Company (The) from a “buy” rating to a “neutral” rating and set a $67.00 price target on the stock. in a report on Friday, August 25th. Finally, Zacks Investment Research cut Toro Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $63.75.

A number of institutional investors and hedge funds have recently bought and sold shares of TTC. UBS Asset Management Americas Inc. grew its holdings in shares of Toro Company (The) by 122.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 133,826 shares of the company’s stock valued at $8,359,000 after buying an additional 73,786 shares during the period. Oxford Asset Management bought a new stake in shares of Toro Company (The) in the 1st quarter valued at $588,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Toro Company (The) by 23.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,305 shares of the company’s stock valued at $519,000 after buying an additional 1,586 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Toro Company (The) by 122.7% in the 1st quarter. SG Americas Securities LLC now owns 14,563 shares of the company’s stock valued at $910,000 after buying an additional 8,025 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Toro Company (The) by 21.0% in the 1st quarter. Victory Capital Management Inc. now owns 27,438 shares of the company’s stock valued at $1,714,000 after buying an additional 4,770 shares in the last quarter. Institutional investors own 74.86% of the company’s stock.

Toro Company (The) Company Profile

The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.

Insider Buying and Selling by Quarter for Toro Company (The) (NYSE:TTC)

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