Toro Co. (TTC) Sets New 52-Week High at $90.62
Toro Co. (NYSE:TTC) hit a new 52-week high on Thursday . The company traded as high as $90.62 and last traded at $90.35, with a volume of 178,271 shares trading hands. The stock had previously closed at $89.50.
A number of brokerages recently weighed in on TTC. Sidoti cut shares of Toro from a “buy” rating to a “neutral” rating and set a $98.00 price objective on the stock. in a research note on Friday, June 10th. Zacks Investment Research cut shares of Toro from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Northcoast Research restated a “neutral” rating on shares of Toro in a research note on Thursday, June 30th. Finally, Seaport Global Securities assumed coverage on shares of Toro in a research note on Tuesday, May 24th. They set a “neutral” rating and a $87.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, Toro has an average rating of “Hold” and a consensus target price of C$91.33.
The company has a 50 day moving average of $87.82 and a 200 day moving average of $82.08. The firm has a market cap of $4.98 billion and a PE ratio of 22.98.
Toro (NYSE:TTC) last issued its earnings results on Thursday, May 19th. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.10. During the same quarter in the previous year, the company posted $1.64 earnings per share. The firm earned $836.40 million during the quarter, compared to analyst estimates of $854 million. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Toro Co. will post $4.02 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 12th. Investors of record on Tuesday, June 21st will be paid a $0.30 dividend. The ex-dividend date is Friday, June 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.32%.
In other Toro news, Director Christopher A. Twomey sold 5,246 shares of the company’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of C$87.60, for a total value of C$459,549.60. Following the sale, the director now directly owns 5,246 shares in the company, valued at C$459,549.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael J. Hoffman sold 125,600 shares of the company’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of C$86.46, for a total value of C$10,859,376.00. The disclosure for this sale can be found here.
Other hedge funds recently made changes to their positions in the company. I.G. Investment Management LTD. boosted its stake in shares of Toro by 24.2% in the fourth quarter. I.G. Investment Management LTD. now owns 71,900 shares of the company’s stock worth $5,254,000 after buying an additional 14,000 shares during the period. WBI Investments Inc. bought a new stake in shares of Toro during the fourth quarter worth $4,382,000. US Bancorp DE boosted its stake in shares of Toro by 0.7% in the fourth quarter. US Bancorp DE now owns 38,402 shares of the company’s stock worth $2,806,000 after buying an additional 253 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Toro by 0.3% in the fourth quarter. Advisors Asset Management Inc. now owns 15,638 shares of the company’s stock worth $1,143,000 after buying an additional 45 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Toro during the fourth quarter worth $3,873,000.
The Toro Company designs, manufactures and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The Company operates through three segments: Professional, Residential and Distribution.
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