Toro Co (NYSE:TTC) – Stock analysts at Dougherty & Co issued their Q1 2018 EPS estimates for shares of Toro in a research note issued on Wednesday. Dougherty & Co analyst J. Fisher forecasts that the company will post earnings per share of $0.45 for the quarter. Dougherty & Co has a “Neutral” rating on the stock.
Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The business had revenue of $488.60 million during the quarter, compared to analysts’ expectations of $491.55 million. Toro had a net margin of 10.69% and a return on equity of 44.66%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS.
Shares of Toro (NYSE:TTC) opened at $64.70 on Friday. The stock has a market cap of $6,940.27, a price-to-earnings ratio of 26.72, a PEG ratio of 2.47 and a beta of 0.62. Toro has a 1 year low of $55.16 and a 1 year high of $73.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.65.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 22nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This is a boost from Toro’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. Toro’s payout ratio is 29.05%.
In other news, 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 value of $371,280.00. Following the completion of the sale, the director now directly owns 77,672 shares of the company’s stock, valued at $4,806,343.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David H. Alkire sold 23,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $65.83, for a total transaction of $1,514,090.00. Following the completion of the sale, the vice president now directly owns 14,769 shares of the company’s stock, valued at $972,243.27. The disclosure for this sale can be found here. 5.69% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Toro by 0.3% during the second quarter. Rhumbline Advisers now owns 248,149 shares of the company’s stock worth $17,194,000 after acquiring an additional 714 shares during the period. SG Americas Securities LLC increased its stake in shares of Toro by 73.3% during the second quarter. SG Americas Securities LLC now owns 25,238 shares of the company’s stock worth $1,749,000 after acquiring an additional 10,675 shares during the period. Alps Advisors Inc. increased its stake in shares of Toro by 0.6% during the second quarter. Alps Advisors Inc. now owns 8,825 shares of the company’s stock worth $611,000 after acquiring an additional 54 shares during the period. Montag A & Associates Inc. acquired a new position in shares of Toro during the second quarter worth about $1,317,000. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Toro during the second quarter worth about $212,000. 75.18% of the stock is owned by institutional investors and hedge funds.
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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.
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