Toro Company (The) (NYSE:TTC) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,224,982 shares, a growth of 51.3% from the August 15th total of 1,470,096 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily volume of 1,440,642 shares, the short-interest ratio is presently 1.5 days.

In other news, VP Thomas J. Larson sold 6,600 shares of Toro Company (The) stock in a transaction on Friday, June 30th. The stock was sold at an average price of $69.04, for a total transaction of $455,664.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Richard W. Rodier sold 7,000 shares of Toro Company (The) stock in a transaction on Monday, June 26th. The shares were sold at an average price of $70.73, for a total value of $495,110.00. Following the transaction, the vice president now owns 33,395 shares in the company, valued at approximately $2,362,028.35. The disclosure for this sale can be found here. Insiders have sold 78,140 shares of company stock worth $1,892,867 over the last ninety days. 5.69% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of TTC. Swiss National Bank raised its stake in Toro Company (The) by 0.5% during the 1st quarter. Swiss National Bank now owns 180,600 shares of the company’s stock worth $11,280,000 after buying an additional 900 shares during the period. World Asset Management Inc raised its stake in Toro Company (The) by 14.6% during the 1st quarter. World Asset Management Inc now owns 7,595 shares of the company’s stock worth $474,000 after buying an additional 969 shares during the period. UBS Asset Management Americas Inc. raised its stake in Toro Company (The) by 122.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 133,826 shares of the company’s stock worth $8,359,000 after buying an additional 73,786 shares during the period. TD Asset Management Inc. raised its stake in Toro Company (The) by 26.1% during the 1st quarter. TD Asset Management Inc. now owns 109,302 shares of the company’s stock worth $6,827,000 after buying an additional 22,600 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in Toro Company (The) by 5.4% during the 1st quarter. Eagle Asset Management Inc. now owns 76,211 shares of the company’s stock worth $4,760,000 after buying an additional 3,882 shares during the period. 74.86% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on TTC. BidaskClub downgraded Toro Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded Toro Company (The) from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Thursday, July 13th. Seaport Global Securities downgraded Toro Company (The) from a “buy” rating to a “neutral” rating and set a $67.00 price target on the stock. in a report on Friday, August 25th. Finally, Dougherty & Co downgraded Toro Company (The) from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.75.

Toro Company (NYSE:TTC) opened at 61.41 on Friday. Toro Company has a one year low of $46.09 and a one year high of $73.86. The stock has a market cap of $6.62 billion, a P/E ratio of 25.93 and a beta of 0.60. The stock’s 50 day moving average price is $66.09 and its 200-day moving average price is $66.38.

Toro Company (The) (NYSE:TTC) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The business had revenue of $627.90 million for the quarter, compared to the consensus estimate of $628.08 million. Toro Company (The) had a return on equity of 45.32% and a net margin of 10.63%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. On average, analysts predict that Toro Company will post $2.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, September 28th. Toro Company (The)’s payout ratio is presently 29.54%.

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Toro Company (The) Company Profile

The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.

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