Toro (NYSE:TTC) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $67.00.
TTC has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Toro from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Tuesday, January 23rd. Cleveland Research downgraded shares of Toro from a “buy” rating to a “neutral” rating in a research report on Monday.
Shares of TTC stock traded down $2.02 during trading hours on Monday, reaching $58.10. 37,808 shares of the stock traded hands, compared to its average volume of 517,204. Toro has a 1-year low of $57.75 and a 1-year high of $59.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.57 and a quick ratio of 0.81. The firm has a market capitalization of $6.44 billion, a P/E ratio of 24.07, a P/E/G ratio of 2.26 and a beta of 0.66.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 18th. Investors of record on Wednesday, April 4th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, April 3rd. Toro’s payout ratio is presently 33.20%.
In related news, Director Katherine J. Harless sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $61.09, for a total transaction of $488,720.00. Following the transaction, the director now directly owns 69,523 shares of the company’s stock, valued at $4,247,160.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Richard W. Rodier sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $64.67, for a total transaction of $258,680.00. The disclosure for this sale can be found here. Insiders have sold 23,200 shares of company stock worth $1,465,864 over the last ninety days. 5.32% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of TTC. State of Alaska Department of Revenue bought a new stake in Toro in the fourth quarter worth approximately $508,000. GW&K Investment Management LLC grew its position in Toro by 0.4% in the fourth quarter. GW&K Investment Management LLC now owns 418,121 shares of the company’s stock worth $27,274,000 after acquiring an additional 1,807 shares in the last quarter. First Quadrant L P CA grew its position in Toro by 10.7% in the fourth quarter. First Quadrant L P CA now owns 490,963 shares of the company’s stock worth $32,026,000 after acquiring an additional 47,550 shares in the last quarter. SG Americas Securities LLC grew its position in Toro by 399.2% in the fourth quarter. SG Americas Securities LLC now owns 32,038 shares of the company’s stock worth $2,090,000 after acquiring an additional 25,620 shares in the last quarter. Finally, JLB & Associates Inc. grew its position in Toro by 5.4% in the fourth quarter. JLB & Associates Inc. now owns 208,949 shares of the company’s stock worth $13,629,000 after acquiring an additional 10,715 shares in the last quarter. 76.07% of the stock is owned by institutional investors.
Toro Company Profile
The Toro Company manufactures and markets turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, and residential yard and snow thrower products worldwide. Its Professional segment offers turf and landscape equipment products, such as sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and construction equipment, and other maintenance equipment; snowplows, salt and sand spreaders, and related parts and accessories; and sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, and micro-irrigation drip tape and hose products, as well as professionally installed lighting products.
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