The stock of The Toro Company (NYSE:TTC) last traded at $100.48, down -1.15% from the previous session.
Data from the available sources indicates that The Toro Company (NYSE:TTC) is covered by 7 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $133.00 and a low of $110.00, we find $117.00. Given the previous closing price of $101.65, this indicates a potential upside of 15.1 percent. TTC stock price is now -1.55% away from the 50-day moving average and -4.67% away from the 200-day moving average. The market capitalization of the company currently stands at $10.53B.
In total, 4 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $119.00 as their price target over the next twelve months.
With the price target of $117, DA Davidson recently initiated with Buy rating for The Toro Company (NYSE: TTC).
In other news, Walters Daryn A, Vice President, Exmark bought 1,654 shares of the company’s stock on Jun 23. The stock was bought for $161,116 at an average price of $97.41. Upon completion of the transaction, the Vice President, Exmark now directly owns 3,684 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 31, Group VP, Undg & Spec Construc MOELLER PETER D sold 2,000 shares of the business’s stock. A total of $220,760 was realized by selling the stock at an average price of $110.38. This leaves the insider owning 4,104 shares of the company worth $0.41 million. Insiders disposed of 194,715 shares of company stock worth roughly $19.56 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 PENSIOENFONDS RAIL & OV during the first quarter worth $44,653,000. LORD, ABBETT & CO. LLC invested $21,208,000 in shares of TTC during the first quarter. In the first quarter, AVIVA PLC acquired a new stake in The Toro Company valued at approximately $13,418,000. ING GROEP NV acquired a new stake in TTC for approximately $10,568,000. TORONTO DOMINION BANK purchased a new stake in TTC valued at around $7,817,000 in the second quarter. In total, there are 683 active investors with 88.50% ownership of the company’s stock.
With an opening price of $100.79 on Monday morning, The Toro Company (NYSE: TTC) set off the trading day. During the past 12 months, The Toro Company has had a low of $74.99 and a high of $117.66. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 1.80, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $11.27B, which is based on a 20.50 price-to-earnings ratio, a 2.01 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for TTC is $102.06 and a two-hundred day moving average price translates $105.40 for the stock.
The latest earnings results from The Toro Company (NYSE: TTC) was released for May, 2023. According to the Tools & Accessories Company, earnings per share came in at $1.58, beating analysts’ expectations of $1.52 by 0.06. This compares to $1.24 EPS in the same period last year. The net profit margin was 10.70% and return on equity was 36.70% for TTC. The company reported revenue of $1.34 billion for the quarter, compared to $1.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.19 percent. For the current quarter, analysts expect TTC to generate $1.21B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/12/2023. Investors who held shares on 06/21/2023 were paid a $0.34 dividend. On an annualized basis, this represents a $1.36 dividend and a 1.35% percent yield. There was an ex-dividend date of 06/20/2023 for this dividend. In terms of dividend payout ratio, TTC is presently at 25.90%.
