Toro Company (The) (NYSE:TTC) Director Katherine J. Harless sold 6,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $61.88, for a total transaction of $371,280.00. Following the transaction, the director now owns 77,672 shares in the company, valued at approximately $4,806,343.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Toro Company (NYSE:TTC) traded down 0.11% during trading on Friday, hitting $62.56. The stock had a trading volume of 425,648 shares. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 26.42 and a beta of 0.58. The company’s 50 day moving average price is $61.34 and its 200 day moving average price is $66.44. Toro Company has a 12 month low of $46.09 and a 12 month high of $73.86.

Toro Company (The) (NYSE:TTC) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The business had revenue of $627.90 million during the quarter, compared to analysts’ expectations of $628.08 million. Toro Company (The) had a return on equity of 45.32% and a net margin of 10.63%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. Equities research analysts expect that Toro Company will post $2.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.70 annualized dividend and a dividend yield of 1.12%. Toro Company (The)’s dividend payout ratio is currently 29.54%.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Toro Company (The) by 9,353.5% in the 1st quarter. BlackRock Inc. now owns 8,765,260 shares of the company’s stock valued at $547,480,000 after purchasing an additional 8,672,540 shares in the last quarter. Vanguard Group Inc. increased its stake in Toro Company (The) by 8.0% in the 1st quarter. Vanguard Group Inc. now owns 9,687,572 shares of the company’s stock valued at $605,086,000 after purchasing an additional 718,121 shares in the last quarter. Lazard Asset Management LLC increased its stake in Toro Company (The) by 178.6% in the 1st quarter. Lazard Asset Management LLC now owns 577,295 shares of the company’s stock valued at $36,057,000 after purchasing an additional 370,093 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in Toro Company (The) by 96.8% in the 2nd quarter. Lord Abbett & CO. LLC now owns 365,950 shares of the company’s stock valued at $25,357,000 after purchasing an additional 179,968 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Toro Company (The) by 13.1% in the 1st quarter. AQR Capital Management LLC now owns 1,515,611 shares of the company’s stock valued at $94,665,000 after purchasing an additional 175,858 shares in the last quarter. 74.86% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on TTC. BidaskClub raised shares of Toro Company (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Toro Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Seaport Global Securities lowered shares of Toro Company (The) from a “buy” rating to a “neutral” rating and set a $67.00 target price for the company. in a report on Friday, August 25th. Finally, Dougherty & Co downgraded Toro Company (The) from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Toro Company (The) presently has a consensus rating of “Hold” and an average target price of $63.75.

Toro Company (The) 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.

Insider Buying and Selling by Quarter for Toro Company (The) (NYSE:TTC)

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