Shares of Toro Co. (NYSE:TTC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $93.00 and last traded at $92.62, with a volume of 141,036 shares traded. The stock had previously closed at $91.56.

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

The firm has a 50-day moving average price of $88.59 and a 200-day moving average price of $83.47. The company has a market cap of $5.09 billion and a P/E ratio of 23.47.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 12th. Shareholders of record on Tuesday, June 21st were paid 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 yield of 1.30%.

In other news, CEO Michael J. Hoffman sold 125,600 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of C$86.46, for a total transaction of C$10,859,376.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Philip A. Burkart sold 6,600 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of C$89.00, for a total value of C$587,400.00. Following the transaction, the vice president now owns 90,388 shares of the company’s stock, valued at C$8,044,532. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of TTC. Advisors Asset Management Inc. increased its position 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 valued at $1,143,000 after buying an additional 45 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Toro by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,891 shares of the company’s stock valued at $1,161,000 after buying an additional 68 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Toro during the fourth quarter valued at approximately $1,694,000. Teacher Retirement System of Texas boosted its stake in shares of Toro by 292.2% in the fourth quarter. Teacher Retirement System of Texas now owns 26,766 shares of the company’s stock valued at $1,956,000 after buying an additional 19,941 shares during the last quarter. Finally, TrimTabs Asset Management LLC purchased a new stake in shares of Toro during the fourth quarter valued at approximately $2,172,000.

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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