Toro Co (NYSE:TTC) – Research analysts at Seaport Global Securities upped their Q2 2018 EPS estimates for Toro in a research note issued to investors on Friday. Seaport Global Securities analyst M. Shlisky now anticipates that the company will post earnings of $1.16 per share for the quarter, up from their prior forecast of $1.13. Seaport Global Securities currently has a “Neutral” rating and a $67.00 price target on the stock. Seaport Global Securities also issued estimates for Toro’s Q4 2018 earnings at $0.34 EPS and FY2019 earnings at $2.84 EPS.

Several other equities analysts have also recently weighed in on the company. Dougherty & Co cut Toro from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. BidaskClub cut Toro from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, Zacks Investment Research raised Toro from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $62.50.

Shares of Toro (TTC) traded down $0.71 during midday trading on Monday, reaching $65.22. The company’s stock had a trading volume of 682,100 shares, compared to its average volume of 591,063. The firm has a market cap of $7,105.16, a PE ratio of 27.36, a PEG ratio of 2.51 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.02. Toro has a 52-week low of $54.78 and a 52-week high of $73.86.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 return on equity of 44.66% and a net margin of 10.69%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Toro’s previous quarterly dividend of $0.18. Toro’s payout ratio is 29.05%.

In other news, Director Katherine J. Harless sold 6,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $61.88, for a total transaction of $371,280.00. Following the completion of the transaction, the director now owns 77,672 shares of the company’s stock, valued at approximately $4,806,343.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 56,000 shares of company stock valued at $375,780 in the last three months. 5.69% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of TTC. Lord Abbett & CO. LLC increased its holdings in Toro by 96.8% in the 2nd quarter. Lord Abbett & CO. LLC now owns 365,950 shares of the company’s stock worth $25,357,000 after purchasing an additional 179,968 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Toro in the 3rd quarter worth about $10,811,000. Russell Investments Group Ltd. increased its holdings in Toro by 145.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 258,695 shares of the company’s stock worth $16,055,000 after purchasing an additional 153,342 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Toro in the 3rd quarter worth about $6,361,000. Finally, Teachers Advisors LLC increased its holdings in Toro by 23.6% in the 2nd quarter. Teachers Advisors LLC now owns 477,977 shares of the company’s stock worth $33,119,000 after purchasing an additional 91,263 shares in the last quarter. 75.18% of the stock is owned by institutional investors.

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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.

Earnings History and Estimates for Toro (NYSE:TTC)

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