Toro Co. (NYSE:TTC)’s share price reached 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 trading hands. The stock had previously closed at $93.48.

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

The firm’s 50 day moving average price is $91.09 and its 200 day moving average price is $86.12. The firm has a market cap of $5.18 billion and a PE ratio of 23.88.

Toro (NYSE:TTC) last issued its earnings results on Thursday, May 19th. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.10. The business had revenue of $836.40 million for the quarter, compared to the consensus estimate of $854 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. On average, analysts expect that Toro Co. will post $4.01 earnings per share for the current year.

In other 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 completion of the transaction, the vice president now directly owns 100,915 shares in the company, valued at approximately C$8,876,483.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.

Several hedge funds and institutional investors have recently added to or reduced their stakes in TTC. Vanguard Group Inc. raised its position in Toro by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,954,420 shares of the company’s stock worth $288,949,000 after buying an additional 49,619 shares during the period. Wells Fargo & Company MN raised its position in Toro by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 334,077 shares of the company’s stock worth $24,412,000 after buying an additional 5,076 shares during the period. Morgan Stanley raised its position in Toro by 108.7% in the fourth quarter. Morgan Stanley now owns 324,205 shares of the company’s stock worth $23,690,000 after buying an additional 168,869 shares during the period. Principal Financial Group Inc. raised its position in Toro by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 177,031 shares of the company’s stock worth $12,936,000 after buying an additional 4,575 shares during the period. Finally, I.G. Investment Management LTD. raised its position in 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.

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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