Toro Co. (NYSE:TTC) hit a new 52-week high on Wednesday . The company traded as high as $91.56 and last traded at $91.38, with a volume of 85,222 shares changing hands. The stock had previously closed at $90.55.

A number of brokerages have weighed in on TTC. Northcoast Research reaffirmed a “neutral” rating on shares of Toro in a report on Thursday, June 30th. Sidoti downgraded Toro from a “buy” rating to a “neutral” rating and set a $98.00 target price on the stock. in a report on Friday, June 10th. Seaport Global Securities began coverage on Toro in a report on Tuesday, May 24th. They issued a “neutral” rating and a $87.00 target price on the stock. Finally, Zacks Investment Research downgraded Toro from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Five investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of C$91.33.

The company’s 50-day moving average price is $88.44 and its 200 day moving average price is $83.01. The stock has a market capitalization of $4.95 billion and a P/E ratio of 22.81.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 12th. Investors of record on Tuesday, June 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%.

In other Toro news, VP William E. Brown, Jr. sold 9,932 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of C$87.96, for a total transaction of C$873,618.72. Following the sale, the vice president now owns 100,915 shares of the company’s stock, valued at approximately C$8,876,483.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael J. Hoffman sold 125,600 shares of the business’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of C$86.46, for a total transaction of C$10,859,376.00. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of the stock. First Trust Advisors LP boosted its stake in shares of Toro by 102.5% in the fourth quarter. First Trust Advisors LP now owns 147,597 shares of the company’s stock worth $10,785,000 after buying an additional 74,721 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Toro by 5.2% in the fourth quarter. Rhumbline Advisers now owns 94,517 shares of the company’s stock worth $6,906,000 after buying an additional 4,681 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of Toro by 13.2% in the fourth quarter. TD Asset Management Inc. now owns 51,525 shares of the company’s stock worth $3,765,000 after buying an additional 6,000 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Toro by 10.1% in the fourth quarter. California Public Employees Retirement System now owns 179,600 shares of the company’s stock worth $13,123,000 after buying an additional 16,500 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Toro by 126.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 86,107 shares of the company’s stock worth $6,292,000 after buying an additional 48,002 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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