Toro (NYSE:TTC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “The Toro Company is a leading worldwide provider of innovative solutions for the outdoor environment, including turf, snow and ground engaging equipment and irrigation and outdoor lighting solutions. Toro’s global presence extends to more than 90 countries. Through constant innovation and caring relationships built on trust and integrity, Toro and its family of brands have built a legacy of excellence by helping customers care for golf courses, landscapes, sports fields, public green spaces, commercial and residential properties and agricultural fields. “

Several other brokerages also recently weighed in on TTC. Dougherty & Co downgraded shares of Toro from a “buy” rating to a “neutral” rating in a research note on Friday, August 25th. BidaskClub downgraded shares of Toro from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Seaport Global Securities downgraded shares of Toro from a “buy” rating to a “neutral” rating and set a $67.00 target price for the company. in a research note on Friday, August 25th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $68.67.

Toro (TTC) opened at $64.70 on Friday. The firm has a market cap of $7,025.41, a price-to-earnings ratio of 27.05, a PEG ratio of 2.50 and a beta of 0.62. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. Toro has a 52 week low of $55.16 and a 52 week high of $73.86.

Toro (NYSE:TTC) last announced its earnings results on Thursday, December 7th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $488.60 million during the quarter, compared to the consensus estimate of $491.55 million. Toro had a net margin of 10.69% and a return on equity of 44.66%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. analysts anticipate that Toro will post 2.61 EPS for the current fiscal year.

In other Toro news, VP David H. Alkire sold 23,000 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $65.83, for a total transaction of $1,514,090.00. Following the transaction, the vice president now directly owns 14,769 shares in the company, valued at approximately $972,243.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katherine J. Harless sold 6,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $61.88, for a total transaction of $371,280.00. Following the transaction, the director now owns 77,672 shares in the company, valued at $4,806,343.36. The disclosure for this sale can be found here. Corporate insiders own 5.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TTC. Fieldpoint Private Securities LLC bought a new position in Toro during the 3rd quarter valued at $172,000. Tocqueville Asset Management L.P. bought a new position in Toro during the 2nd quarter valued at $212,000. Advisory Services Network LLC boosted its stake in Toro by 17.4% during the 2nd quarter. Advisory Services Network LLC now owns 3,556 shares of the company’s stock valued at $246,000 after acquiring an additional 527 shares during the last quarter. Mckinley Capital Management LLC Delaware boosted its stake in Toro by 25.3% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 6,766 shares of the company’s stock valued at $420,000 after acquiring an additional 1,366 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in Toro by 0.6% during the 2nd quarter. Alps Advisors Inc. now owns 8,825 shares of the company’s stock valued at $611,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.

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About Toro

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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