Toro (NYSE:TTC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Toro (NYSE:TTC) from a hold rating to a buy rating in a report released on Monday.

A number of other brokerages have also issued reports on TTC. Robert W. Baird cut their target price on shares of Toro from $102.00 to $92.00 and set a neutral rating on the stock in a research note on Friday, September 6th. Northland Securities reiterated a market perform rating and set a $100.00 price objective on shares of Toro in a research note on Friday, September 6th. Finally, DA Davidson dropped their price objective on shares of Toro from $103.00 to $88.00 and set a neutral rating on the stock in a research note on Monday. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $93.33.

Toro Stock Performance

NYSE:TTC opened at $82.96 on Monday. The stock has a market cap of $8.62 billion, a P/E ratio of 32.79 and a beta of 0.69. The firm has a 50-day moving average of $91.06 and a two-hundred day moving average of $89.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85. Toro has a 1-year low of $77.15 and a 1-year high of $102.00.

Toro (NYSE:TTC) last issued its earnings results on Thursday, September 5th. The company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.26 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 EPS. On average, research analysts expect that Toro will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling 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 value of $1,903,800.00. Following the sale, the chief executive officer now owns 17,913 shares in the company, valued at $1,705,138.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Toro

Several large investors have recently made changes to their positions in TTC. International Assets Investment Management LLC boosted its holdings in shares of Toro by 9,500.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,744 shares of the company’s stock valued at $359,000 after acquiring an additional 3,705 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Toro by 0.5% in the fourth quarter. Natixis Advisors L.P. now owns 25,092 shares of the company’s stock valued at $2,408,000 after acquiring an additional 137 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Toro by 20.4% in the fourth quarter. Private Advisor Group LLC now owns 6,210 shares of the company’s stock valued at $596,000 after acquiring an additional 1,051 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Toro by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 641,596 shares of the company’s stock valued at $61,587,000 after acquiring an additional 26,708 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Toro in the fourth quarter valued at approximately $66,000. 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.