Shares of Toro Co. (NYSE:TTC) hit a new 52-week high during trading on Monday . The stock traded as high as $94.47 and last traded at $94.40, with a volume of 142,684 shares changing hands. The stock had previously closed at $93.48.

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

The stock has a market capitalization of $5.22 billion and a P/E ratio of 24.08. The stock has a 50-day moving average price of $90.52 and a 200 day moving average price of $85.60.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, May 19th. The company reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.10. The business earned $836.40 million during the quarter, compared to analyst estimates of $854 million. During the same quarter last year, the firm earned $1.64 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that Toro Co. will post $4.01 earnings per share for the current fiscal year.

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 value of C$873,618.72. Following the completion of the transaction, the vice president now owns 100,915 shares in the company, valued at C$8,876,483.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Hoffman sold 125,600 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here.

Several institutional investors have bought and sold shares of the company. Advisors Asset Management Inc. increased its position in 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 during the period. US Bancorp DE increased its position in Toro by 0.7% in the fourth quarter. US Bancorp DE now owns 38,402 shares of the company’s stock valued at $2,806,000 after buying an additional 253 shares during the period. Marshall Wace LLP acquired a new position in Toro during the fourth quarter valued at approximately $3,873,000. I.G. Investment Management LTD. increased its position 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 last quarter. Finally, American International Group Inc. increased its position in shares of Toro by 2.8% in the fourth quarter. American International Group Inc. now owns 113,151 shares of the company’s stock worth $8,267,000 after buying an additional 3,113 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.