Toro (NYSE:TTC) Reaches New 1-Year High at $75.25

Toro Co (NYSE:TTC) hit a new 52-week high during trading on Thursday . The stock traded as high as $75.25 and last traded at $73.95, with a volume of 3001 shares traded. The stock had previously closed at $71.93.

TTC has been the subject of several research reports. Sidoti set a $72.00 price objective on shares of Toro and gave the stock a “hold” rating in a report on Tuesday, June 11th. Zacks Investment Research lowered shares of Toro from a “hold” rating to a “sell” rating in a report on Friday, July 19th.

The company has a current ratio of 1.51, a quick ratio of 0.78 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $7.71 billion, a P/E ratio of 27.24 and a beta of 0.80. The company’s fifty day simple moving average is $70.64 and its 200 day simple moving average is $69.05.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.04). Toro had a return on equity of 40.99% and a net margin of 10.62%. The company had revenue of $962.00 million during the quarter, compared to the consensus estimate of $987.80 million. During the same quarter last year, the company posted $1.20 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts predict that Toro Co will post 2.92 earnings per share for the current fiscal year.

In related news, VP Amy E. Dahl sold 2,900 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $68.87, for a total value of $199,723.00. Following the completion of the transaction, the vice president now directly owns 14,779 shares in the company, valued at approximately $1,017,829.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.36% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Krane Funds Advisors LLC purchased a new stake in Toro during the 2nd quarter valued at about $25,000. Trustcore Financial Services LLC purchased a new stake in Toro during the 1st quarter valued at about $34,000. Transamerica Financial Advisors Inc. purchased a new stake in Toro during the 2nd quarter valued at about $37,000. Nomura Asset Management Co. Ltd. purchased a new stake in Toro during the 2nd quarter valued at about $37,000. Finally, Quadrant Capital Group LLC grew its position in Toro by 2,058.8% during the 1st quarter. Quadrant Capital Group LLC now owns 734 shares of the company’s stock valued at $49,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 81.87% of the company’s stock.

About Toro (NYSE:TTC)

The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.

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