The price of The Toro Company (NYSE:TTC) shares last traded on Wall Street rose 0.42% to $112.84.
Based on available information, 5 analysts follow The Toro Company (NYSE:TTC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $137.00 and a low of $116.00, we find $130.00. Given the previous closing price of $112.37, this indicates a potential upside of 15.69 percent. TTC stock price is now 2.48% away from the 50-day moving average and 23.91% away from the 200-day moving average. The market capitalization of the company currently stands at $11.69B.
Among analysts, 3 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $127.67 as their price target over the next twelve months.
With the price target maintained at $130, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for The Toro Company (NYSE: TTC). , while ‘BofA Securities’ rates the stock as ‘Underperform’.
In other news, Grams Blake M, VP, Sustainability, BA & PI sold 10,600 shares of the company’s stock on Jan 03. The stock was sold for $1,199,598 at an average price of $113.17. Upon completion of the transaction, the VP, Sustainability, BA & PI now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 28, VP, Strategic Technologies Redetzke Darren L sold 3,000 shares of the business’s stock. A total of $345,000 was realized by selling the stock at an average price of $115.00. Insiders disposed of 74,289 shares of company stock worth roughly $8.38 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TTC stock. A new stake in The Toro Company shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $103,894,000. GREAT LAKES ADVISORS, LLC invested $18,783,000 in shares of TTC during the first quarter. In the first quarter, ROCKLAND TRUST CO acquired a new stake in The Toro Company valued at approximately $15,083,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in TTC for approximately $12,023,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in TTC valued at around $9,065,000 in the second quarter. In total, there are 595 active investors with 88.50% ownership of the company’s stock.
A candlestick chart of The Toro Company (NYSE: TTC) showed a price of $113.56 on Friday morning. During the past 12 months, The Toro Company has had a low of $71.86 and a high of $115.57. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.60, and a quick ratio of 0.60. The fifty day moving average price for TTC is $110.36 and a two-hundred day moving average price translates $91.20 for the stock.
The latest earnings results from The Toro Company (NYSE: TTC) was released for Jul, 2022. According to the Tools & Accessories Company, earnings per share came in at $1.19, beating analysts’ expectations of $1.12 by 0.07. This compares to $0.57 EPS in the same period last year. The net profit margin was 9.80% and return on equity was 35.60% for TTC. The company reported revenue of $1.17 billion for the quarter, compared to $960.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.0 percent. For the current quarter, analysts expect TTC to generate $1.17B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/11/2023. Investors who held shares on 12/28/2022 were paid a $0.34 dividend. On an annualized basis, this represents a $1.36 dividend and a 1.21% percent yield. There was an ex-dividend date of 12/27/2022 for this dividend. In terms of dividend payout ratio, TTC is presently at 21.30%.
The Toro Company(TTC) Company Profile
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. It also provides irrigation and lighting products that consist of sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, coupling systems, and ag-irrigation drip tape and hose products, as well as professionally installed landscape lighting products offered through distributors and landscape contractors. This segment sells its products primarily through a network of distributors and dealers to professional users engaged in maintaining golf courses, sports fields, municipal properties, agricultural fields, residential and commercial landscapes, and removing snow and ice, as well as directly to government customers, rental companies, and retailers. Its Residential segment provides walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solution products that include grass and hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, hoses, and hose-end retail irrigation products. This segment sells its products to homeowners through a network of distributors and dealers; and home centers, hardware retailers, and mass retailers, as well as online. The Toro Company was founded in 1914 and is headquartered in Bloomington, Minnesota.