Toro (NYSE:TTC) Price Target Raised to $95.00 at DA Davidson

Toro (NYSE:TTC) had its price target boosted by DA Davidson from $93.00 to $95.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. TheStreet raised Toro from a c+ rating to a b- rating in a research report on Thursday, February 15th. StockNews.com cut Toro from a hold rating to a sell rating in a research note on Monday, March 11th. Finally, Robert W. Baird upped their price objective on Toro from $92.00 to $100.00 and gave the stock a neutral rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $105.60.

Toro Stock Down 0.8 %

Shares of TTC traded down $0.75 on Thursday, hitting $88.96. The company’s stock had a trading volume of 588,792 shares, compared to its average volume of 766,432. The company has a quick ratio of 0.86, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average price is $92.60 and its 200-day moving average price is $88.57. Toro has a fifty-two week low of $78.35 and a fifty-two week high of $111.85. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 32.54 and a beta of 0.72.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). Toro had a net margin of 6.53% and a return on equity of 26.66%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Toro’s revenue for the quarter was down 12.8% compared to the same quarter last year. On average, equities research analysts expect that Toro will post 4.3 EPS for the current year.

Insider Activity at Toro

In other Toro news, VP Kurt D. Svendsen sold 4,800 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $98.27, for a total value of $471,696.00. Following the transaction, the vice president now directly owns 10,752 shares of the company’s stock, valued at approximately $1,056,599.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Toro news, VP Edric C. Funk sold 615 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $89.57, for a total value of $55,085.55. Following the completion of the transaction, the vice president now directly owns 1,049 shares in the company, valued at $93,958.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kurt D. Svendsen sold 4,800 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $98.27, for a total value of $471,696.00. Following the completion of the transaction, the vice president now owns 10,752 shares of the company’s stock, valued at $1,056,599.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,206 shares of company stock worth $1,245,750. Company insiders own 1.62% of the company’s stock.

Hedge Funds Weigh In On Toro

A number of hedge funds have recently made changes to their positions in the stock. Orion Capital Management LLC purchased a new position in shares of Toro during the third quarter valued at approximately $25,000. VisionPoint Advisory Group LLC lifted its holdings in Toro by 135.9% during the third quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock worth $25,000 after acquiring an additional 174 shares during the period. Fortitude Family Office LLC bought a new stake in Toro during the fourth quarter worth $26,000. Fred Alger Management LLC bought a new stake in Toro during the fourth quarter worth $29,000. Finally, Millburn Ridgefield Corp bought a new stake in Toro during the third quarter worth $30,000. 84.69% of the stock is currently owned by institutional investors.

Toro Company Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The 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, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.