The Toro Company (NYSE:TTC) Given Consensus Rating of “Hold” by Brokerages

The Toro Company (NYSE:TTC) has been given a consensus rating of “Hold” by the four research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $98.75.

TTC has been the subject of several recent research reports. Robert W. Baird raised their price objective on shares of Toro from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. DA Davidson raised their price objective on shares of Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Finally, StockNews.com lowered shares of Toro from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th.

Toro Trading Up 1.4 %

Shares of TTC stock opened at $93.51 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.93 and a quick ratio of 0.87. The firm has a market cap of $9.71 billion, a PE ratio of 36.96 and a beta of 0.67. The company has a 50-day moving average of $88.84 and a two-hundred day moving average of $90.61. Toro has a 1-year low of $77.15 and a 1-year high of $106.68.

Toro (NYSE:TTC) last announced its earnings results on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Toro had a net margin of 6.00% and a return on equity of 25.04%. Toro’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. On average, analysts predict that Toro will post 4.33 EPS for the current year.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, June 18th were issued a $0.36 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $1.44 annualized dividend and a yield of 1.54%. Toro’s dividend payout ratio (DPR) is 56.92%.

Insider Activity at Toro

In other Toro news, CEO Richard M. Olson sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $95.19, for a total transaction of $1,903,800.00. Following the sale, the chief executive officer now owns 17,913 shares of the company’s stock, valued at $1,705,138.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.62% of the stock is owned by corporate insiders.

Institutional Trading of Toro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new position in shares of Toro in the 3rd quarter valued at $25,000. VisionPoint Advisory Group LLC increased its holdings in shares of Toro by 135.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock valued at $25,000 after acquiring an additional 174 shares during the period. UMB Bank n.a. increased its holdings in shares of Toro by 1,204.8% in the 1st quarter. UMB Bank n.a. now owns 274 shares of the company’s stock valued at $25,000 after acquiring an additional 253 shares during the period. Fortitude Family Office LLC acquired a new position in shares of Toro in the 4th quarter valued at $26,000. Finally, Rise Advisors LLC increased its holdings in shares of Toro by 2,057.1% in the 1st quarter. Rise Advisors LLC now owns 302 shares of the company’s stock valued at $28,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Company Profile

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.