Shares of Toro Company (The) (NYSE:TTC) have received an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $67.00.

Several equities analysts have recently issued reports on TTC shares. BidaskClub lowered Toro Company (The) from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Zacks Investment Research raised Toro Company (The) from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Thursday, July 13th. Seaport Global Securities lowered Toro Company (The) from a “buy” rating to a “neutral” rating and set a $67.00 target price for the company. in a report on Friday, August 25th. Finally, Dougherty & Co lowered Toro Company (The) from a “buy” rating to a “neutral” rating in a report on Friday, August 25th.

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Toro Company (NYSE TTC) traded up 0.45% during mid-day trading on Friday, hitting $62.63. Toro Company has a 1-year low of $46.09 and a 1-year high of $73.86. The company has a 50 day moving average price of $61.36 and a 200-day moving average price of $66.43. The firm has a market cap of $6.75 billion, a PE ratio of 26.45 and a beta of 0.58.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors 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 annualized dividend and a yield of 1.12%. Toro Company (The)’s payout ratio is 29.54%.

In related news, VP Blake M. Grams sold 8,200 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $60.93, for a total value of $499,626.00. Following the transaction, the vice president now owns 8,200 shares in the company, valued at $499,626. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Katherine J. Harless sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $61.88, for a total value of $371,280.00. Following the completion of the transaction, the director now owns 77,672 shares in the company, valued at approximately $4,806,343.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,200 shares of company stock worth $875,406. 5.69% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Tocqueville Asset Management L.P. purchased a new stake in shares of Toro Company (The) during the second quarter worth $212,000. Advisor Partners LLC purchased a new stake in shares of Toro Company (The) during the second quarter worth $212,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of Toro Company (The) during the first quarter worth $208,000. Advisory Services Network LLC lifted its position in shares of Toro Company (The) by 17.4% during the second quarter. Advisory Services Network LLC now owns 3,556 shares of the company’s stock worth $246,000 after acquiring an additional 527 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Toro Company (The) by 26.6% during the first quarter. HighTower Advisors LLC now owns 4,883 shares of the company’s stock worth $304,000 after acquiring an additional 1,026 shares in the last quarter. Hedge funds and other institutional investors own 74.86% of the company’s stock.

About Toro Company (The)

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.

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