Toro (NYSE:TTC) Reaches New 12-Month Low at $75.62

The Toro Company (NYSE:TTCGet Rating) hit a new 52-week low on Thursday . The stock traded as low as $75.62 and last traded at $76.90, with a volume of 1744 shares trading hands. The stock had previously closed at $76.61.

Several equities analysts have recently weighed in on TTC shares. Robert W. Baird reduced their price target on Toro from $120.00 to $110.00 in a research report on Monday, February 28th. StockNews.com started coverage on Toro in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research lowered Toro from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $95.67.

The business has a fifty day moving average of $83.62 and a 200 day moving average of $93.03. The company has a quick ratio of 0.61, a current ratio of 1.46 and a debt-to-equity ratio of 0.89. The company has a market cap of $8.06 billion, a P/E ratio of 22.40 and a beta of 0.72.

Toro (NYSE:TTCGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Toro had a return on equity of 31.17% and a net margin of 9.16%. The business had revenue of $932.70 million during the quarter, compared to the consensus estimate of $972.07 million. During the same quarter in the prior year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that The Toro Company will post 4.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 13th. Stockholders of record on Wednesday, June 22nd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. Toro’s payout ratio is presently 35.09%.

In related news, VP Richard W. Rodier sold 3,600 shares of the stock in a transaction on Friday, March 25th. The stock was sold at an average price of $85.95, for a total transaction of $309,420.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Sageworth Trust Co of South Dakota purchased a new stake in shares of Toro during the fourth quarter valued at $30,000. Quadrant Capital Group LLC boosted its position in Toro by 58.0% in the fourth quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock worth $32,000 after purchasing an additional 116 shares during the last quarter. City State Bank purchased a new position in Toro in the fourth quarter worth about $33,000. Kings Point Capital Management purchased a new position in Toro in the third quarter worth about $41,000. Finally, Tobam boosted its position in Toro by 44.1% in the first quarter. Tobam now owns 523 shares of the company’s stock worth $45,000 after purchasing an additional 160 shares during the last quarter. 82.56% of the stock is currently owned by institutional investors.

About Toro (NYSE:TTC)

The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment worldwide. The company's 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; and snow and ice management equipment, such as snowplows, brush, snow thrower attachment, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.

Featured Stories

Receive News & Ratings for Toro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro and related companies with MarketBeat.com's FREE daily email newsletter.