Shares of Toro Co. (NYSE:TTC) traded down 0.2% during mid-day trading on Friday . The company traded as low as $90.23 and last traded at $90.55, with a volume of 229,098 shares. The stock had previously closed at $90.71.

A number of analysts have recently issued reports on the stock. Northcoast Research restated a “neutral” rating on shares of Toro in a research note on Thursday, June 30th. Zacks Investment Research cut shares of Toro from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Sidoti cut shares of Toro from a “buy” rating to a “neutral” rating and set a $98.00 price objective for the company. in a research note on Friday, June 10th. Finally, Seaport Global Securities assumed coverage on shares of Toro in a research note on Tuesday, May 24th. They issued a “neutral” rating and a $87.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of C$91.33.

The firm has a market capitalization of $4.98 billion and a price-to-earnings ratio of 22.98. The firm has a 50 day moving average of $87.82 and a 200 day moving average of $82.08.

Toro (NYSE:TTC) last posted its earnings results on Thursday, May 19th. The company reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.10. During the same quarter in the previous year, the company earned $1.64 EPS. The firm earned $836.40 million during the quarter, compared to the consensus estimate of $854 million. The business’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts expect that Toro Co. will post $4.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 12th. Stockholders 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 annualized dividend and a dividend yield of 1.32%.

In other news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of C$459,549.60. Following the completion of the sale, the director now owns 5,246 shares of the company’s stock, valued at approximately C$459,549.60. The disclosure for this sale can be found here.

Other hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Toro by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,954,420 shares of the company’s stock valued at $288,949,000 after buying an additional 49,619 shares during the last quarter. Wells Fargo & Company MN raised its stake in Toro by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 334,077 shares of the company’s stock valued at $24,412,000 after buying an additional 5,076 shares during the last quarter. Morgan Stanley raised its stake in Toro by 108.7% in the fourth quarter. Morgan Stanley now owns 324,205 shares of the company’s stock valued at $23,690,000 after buying an additional 168,869 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Toro by 0.5% in the fourth quarter. State of Wisconsin Investment Board now owns 258,335 shares of the company’s stock valued at $18,877,000 after buying an additional 1,237 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Toro by 10.1% in the fourth quarter. California Public Employees Retirement System now owns 179,600 shares of the company’s stock valued at $13,123,000 after buying an additional 16,500 shares during the last quarter.

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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