Insider Selling: Michael J. Hoffman Sells 80,000 Shares of Toro Stock (TTC)
Toro (NYSE:TTC) CEO Michael J. Hoffman sold 80,000 shares of Toro stock on the open market in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $62.67, for a total transaction of $5,013,600.00. Following the completion of the transaction, the chief executive officer now directly owns 529,758 shares of the company’s stock, valued at approximately $33,199,934. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Toro (NYSE:TTC) traded up 0.81% during mid-day trading on Monday, hitting $63.60. The stock had a trading volume of 320,868 shares. Toro has a one year low of $45.42 and a one year high of $67.35. The stock’s 50-day moving average is $64.0 and its 200-day moving average is $63.74. The company has a market cap of $3.541 billion and a P/E ratio of 23.31.
Toro (NYSE:TTC) last announced its earnings results on Thursday, May 22nd. The company reported $1.51 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.32 earnings per share. Toro’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Toro will post $2.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.