The Toro Company (NYSE:TTC) Receives $105.60 Average Target Price from Analysts

Shares of The Toro Company (NYSE:TTC) have been given a consensus rating of “Hold” by the five ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $105.60.

Several research firms have recently issued reports on TTC. StockNews.com lowered shares of Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. DA Davidson raised their price target on shares of Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Finally, TheStreet raised shares of Toro from a “c+” rating to a “b-” rating in a research note on Thursday, February 15th.

Insider Buying and Selling at Toro

In related news, VP Edric C. Funk sold 615 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $89.57, for a total value of $55,085.55. Following the completion of the transaction, the vice president now directly owns 1,049 shares in the company, valued at approximately $93,958.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Gary Lee Ellis sold 5,192 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $88.75, for a total transaction of $460,790.00. Following the completion of the sale, the director now owns 33,051 shares of the company’s stock, valued at $2,933,276.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Edric C. Funk sold 615 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $89.57, for a total transaction of $55,085.55. Following the transaction, the vice president now directly owns 1,049 shares in the company, valued at approximately $93,958.93. The disclosure for this sale can be found here. Company insiders own 1.62% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Accel Wealth Management lifted its position in shares of Toro by 19.9% during the first quarter. Accel Wealth Management now owns 2,510 shares of the company’s stock worth $230,000 after purchasing an additional 416 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Toro by 2.8% during the 1st quarter. State of Michigan Retirement System now owns 25,632 shares of the company’s stock worth $2,349,000 after acquiring an additional 700 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Toro by 350.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,258 shares of the company’s stock worth $115,000 after acquiring an additional 979 shares in the last quarter. Claro Advisors LLC boosted its position in shares of Toro by 4.9% during the 1st quarter. Claro Advisors LLC now owns 7,394 shares of the company’s stock worth $677,000 after acquiring an additional 347 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Toro by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,208 shares of the company’s stock valued at $1,760,000 after acquiring an additional 1,248 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Price Performance

Shares of NYSE:TTC opened at $86.31 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 2.13. The firm has a fifty day moving average price of $89.98 and a 200 day moving average price of $88.93. Toro has a fifty-two week low of $78.35 and a fifty-two week high of $108.50. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 31.50 and a beta of 0.72.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). Toro had a net margin of 6.53% and a return on equity of 26.66%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the business earned $0.98 EPS. Toro’s revenue for the quarter was down 12.8% compared to the same quarter last year. As a group, sell-side analysts expect that Toro will post 4.3 earnings per share for the current fiscal year.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, March 28th. Toro’s payout ratio is 52.55%.

About Toro

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The 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, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.