News articles about Toro (NYSE:TTC) have been trending somewhat positive recently, Alpha One reports. Alpha One, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Toro earned a media sentiment score of 0.15 on Alpha One’s scale. Alpha One also assigned news stories about the company an impact score of 16 out of 100, indicating that recent media coverage is very unlikely to have an impact on the company’s share price in the next several days.
TTC has been the subject of a number of analyst reports. Seaport Global Securities raised Toro from a “neutral” rating to a “buy” rating and upped their price target for the stock from $56.00 to $63.00 in a report on Friday, January 13th. Zacks Investment Research cut Toro from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Cleveland Research raised Toro from a “neutral” rating to a “buy” rating in a report on Thursday, March 30th. Finally, Dougherty & Co reaffirmed a “buy” rating and issued a $65.00 price target (up previously from $60.00) on shares of Toro in a report on Friday, February 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $56.60.
Toro (NYSE:TTC) traded up 0.85% during trading on Friday, reaching $66.67. The company had a trading volume of 358,399 shares. Toro has a 1-year low of $40.42 and a 1-year high of $66.75. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 31.42 and a beta of 0.48. The firm has a 50-day moving average of $62.81 and a 200-day moving average of $57.38.
Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. Toro had a net margin of 9.66% and a return on equity of 42.97%. The company earned $515.80 million during the quarter, compared to the consensus estimate of $502.45 million. During the same period last year, the firm earned $0.70 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts anticipate that Toro will post $2.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 12th. Stockholders of record on Friday, March 31st were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.05%. Toro’s payout ratio is 33.90%.
In other news, VP Philip A. Burkart sold 20,000 shares of Toro stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $62.73, for a total transaction of $1,254,600.00. Following the completion of the sale, the vice president now directly owns 187,391 shares in the company, valued at approximately $11,755,037.43. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Philip A. Burkart sold 9,900 shares of Toro stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $61.50, for a total transaction of $608,850.00. Following the sale, the vice president now owns 177,291 shares of the company’s stock, valued at $10,903,396.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 268,413 shares of company stock valued at $16,421,500. Insiders own 5.69% of the company’s stock.
Toro 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.