Toro (NYSE:TTC – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.
Separately, Robert W. Baird lowered their target price on Toro from $108.00 to $94.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 31st.
NYSE:TTC traded down $1.70 on Tuesday, hitting $76.87. The company’s stock had a trading volume of 498,195 shares, compared to its average volume of 562,799. The company has a current ratio of 1.50, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average of $80.42 and a two-hundred day moving average of $88.57. The firm has a market capitalization of $8.04 billion, a P/E ratio of 22.95 and a beta of 0.72. Toro has a one year low of $71.86 and a one year high of $115.68.
Toro (NYSE:TTC – Get Rating) last released its quarterly earnings data on Thursday, June 2nd. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.27 billion. Toro had a net margin of 8.67% and a return on equity of 30.52%. Toro’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. As a group, sell-side analysts anticipate that Toro will post 4.1 EPS for the current year.
In other news, Director Janet Katherine Cooper sold 5,192 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $86.58, for a total value of $449,523.36. Following the completion of the transaction, the director now directly owns 717 shares in the company, valued at approximately $62,077.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard W. Rodier sold 4,000 shares of the stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $79.30, for a total value of $317,200.00. Following the completion of the transaction, the vice president now owns 23,696 shares of the company’s stock, valued at $1,879,092.80. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Toro in the 1st quarter worth about $436,000. Bank of America Corp DE raised its position in shares of Toro by 34.2% in the 1st quarter. Bank of America Corp DE now owns 1,034,177 shares of the company’s stock worth $88,412,000 after acquiring an additional 263,458 shares in the last quarter. Verition Fund Management LLC raised its position in shares of Toro by 125.4% in the 1st quarter. Verition Fund Management LLC now owns 11,875 shares of the company’s stock worth $1,015,000 after acquiring an additional 6,607 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Toro in the 1st quarter worth about $521,000. Finally, Toroso Investments LLC raised its position in shares of Toro by 8.6% in the 1st quarter. Toroso Investments LLC now owns 17,339 shares of the company’s stock worth $1,482,000 after acquiring an additional 1,368 shares in the last quarter. 82.56% of the stock is owned by institutional investors and hedge funds.
About Toro (Get Rating)
The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment worldwide. The company’s Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment; and snow and ice management equipment, such as snowplows, brush, snow thrower attachment, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.
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