Insider Selling: Blake M. Grams Sells 2,723 Shares of Toro Stock (TTC)
Toro (NYSE:TTC) VP Blake M. Grams sold 2,723 shares of Toro stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $64.44, for a total value of $175,470.12. Following the completion of the transaction, the vice president now directly owns 14,305 shares of the company’s stock, valued at approximately $921,814. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Toro (NYSE:TTC) traded up 0.87% on Thursday, hitting $64.59. The stock had a trading volume of 140,098 shares. Toro has a 52 week low of $44.17 and a 52 week high of $67.35. The stock has a 50-day moving average of $63.43 and a 200-day moving average of $63.11. The company has a market cap of $3.649 billion and a P/E ratio of 23.66.
Toro (NYSE:TTC) last announced its earnings results on Thursday, May 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.02. The company had revenue of $745.00 million for the quarter, compared to the consensus estimate of $735.55 million. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Toro will post $2.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Friday, June 27th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, June 25th.
The Toro Company (NYSE:TTC) designs, manufactures, and markets professional turf maintenance equipment and services, turf irrigation systems, agricultural micro-irrigation systems, landscaping equipment and lighting, and residential yard and snow removal products.
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