Toro Co (NYSE:TTC)’s share price traded down 0% on Monday . The company traded as low as $60.77 and last traded at $61.14. 731,901 shares were traded during mid-day trading, an increase of 73% from the average session volume of 422,603 shares. The stock had previously closed at $61.14.
Separately, Zacks Investment Research lowered Toro from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Toro has an average rating of “Hold” and a consensus price target of $69.00.
The company has a market capitalization of $6,911.14, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 2.47 and a beta of 0.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.02.
Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Toro had a return on equity of 44.66% and a net margin of 10.69%. The firm had revenue of $488.60 million during the quarter, compared to analysts’ expectations of $491.55 million. During the same period in the prior year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. research analysts forecast that Toro Co will post 2.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 22nd were issued a $0.20 dividend. This is a boost from Toro’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, December 21st. Toro’s dividend payout ratio is presently 33.20%.
In other news, VP Timothy P. Dordell sold 46,000 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $66.07, for a total value of $3,039,220.00. Following the completion of the transaction, the vice president now directly owns 24,225 shares in the company, valued at approximately $1,600,545.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bradley A. Hamilton sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $65.33, for a total value of $130,660.00. Following the completion of the transaction, the vice president now owns 3,851 shares of the company’s stock, valued at $251,585.83. The disclosure for this sale can be found here. Insiders sold a total of 73,000 shares of company stock valued at $4,814,630 over the last quarter. Company insiders own 5.69% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Fieldpoint Private Securities LLC purchased a new stake in Toro during the 3rd quarter valued at about $172,000. Advisor Partners LLC purchased a new stake in Toro during the 4th quarter valued at about $214,000. Advisory Services Network LLC boosted its holdings in Toro by 17.4% during the 2nd quarter. Advisory Services Network LLC now owns 3,556 shares of the company’s stock valued at $246,000 after acquiring an additional 527 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Toro by 46.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,747 shares of the company’s stock valued at $375,000 after acquiring an additional 1,832 shares during the period. Finally, Mckinley Capital Management LLC Delaware boosted its holdings in Toro by 25.3% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 6,766 shares of the company’s stock valued at $420,000 after acquiring an additional 1,366 shares during the period. Institutional investors own 74.71% of the company’s stock.
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Toro Company Profile
The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.
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