Shares of Toro Company (The) (NYSE:TTC) have received an average recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $69.00.

A number of research firms have commented on TTC. BidaskClub cut shares of Toro Company (The) from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Toro Company (The) from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Thursday, July 13th. Longbow Research upgraded shares of Toro Company (The) from an “underperform” rating to a “neutral” rating in a report on Monday, May 22nd. Finally, Cleveland Research upgraded shares of Toro Company (The) from a “neutral” rating to a “buy” rating in a report on Thursday, March 30th.

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Shares of Toro Company (NYSE TTC) traded up 0.133% during trading on Monday, reaching $71.585. 100,867 shares of the company were exchanged. Toro Company has a 52-week low of $44.91 and a 52-week high of $73.00. The stock’s 50-day moving average is $70.51 and its 200-day moving average is $63.92. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 31.844 and a beta of 0.56.

Toro Company (The) (NYSE:TTC) last announced its earnings results on Thursday, May 25th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $872.77 million during the quarter, compared to the consensus estimate of $863.17 million. Toro Company (The) had a net margin of 10.23% and a return on equity of 44.74%. Toro Company (The)’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 earnings per share. Equities research analysts predict that Toro Company will post $2.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 23rd were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, June 21st. Toro Company (The)’s payout ratio is 30.97%.

In other news, Director Christopher A. Twomey sold 15,108 shares of Toro Company (The) stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $71.75, for a total transaction of $1,083,999.00. Following the completion of the transaction, the director now directly owns 15,108 shares in the company, valued at $1,083,999. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William E. Brown, Jr. sold 19,332 shares of Toro Company (The) stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $70.88, for a total transaction of $1,370,252.16. Following the transaction, the vice president now owns 189,790 shares of the company’s stock, valued at $13,452,315.20. The disclosure for this sale can be found here. Insiders sold 72,872 shares of company stock valued at $5,119,937 over the last 90 days. Corporate insiders own 5.69% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TTC. Sit Investment Associates Inc. boosted its position in shares of Toro Company (The) by 88.3% in the first quarter. Sit Investment Associates Inc. now owns 3,625 shares of the company’s stock worth $226,000 after buying an additional 1,700 shares in the last quarter. Meritage Portfolio Management acquired a new position in shares of Toro Company (The) during the first quarter worth about $6,334,000. Acadian Asset Management LLC boosted its position in shares of Toro Company (The) by 145.8% in the first quarter. Acadian Asset Management LLC now owns 22,522 shares of the company’s stock worth $1,407,000 after buying an additional 13,361 shares in the last quarter. Murphy Pohlad Asset Management LLC boosted its position in shares of Toro Company (The) by 0.4% in the first quarter. Murphy Pohlad Asset Management LLC now owns 24,022 shares of the company’s stock worth $1,500,000 after buying an additional 98 shares in the last quarter. Finally, James Investment Research Inc. boosted its position in shares of Toro Company (The) by 3.1% in the first quarter. James Investment Research Inc. now owns 712,445 shares of the company’s stock worth $44,499,000 after buying an additional 21,475 shares in the last quarter. Hedge funds and other institutional investors own 75.81% of the company’s stock.

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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