The Toro Company (NYSE:TTC) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of The Toro Company (NYSE:TTC - Get Free Report) have received an average rating of "Moderate Buy" from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $89.75.

Several research analysts have weighed in on TTC shares. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Robert W. Baird reduced their price objective on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, March 7th. StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. DA Davidson lowered their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a report on Monday, February 24th.

Toro Stock Down 1.3 %

Shares of TTC traded down $0.87 during mid-day trading on Thursday, hitting $68.02. 322,512 shares of the company's stock were exchanged, compared to its average volume of 973,279. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. Toro has a 52 week low of $62.34 and a 52 week high of $100.93. The company has a 50-day simple moving average of $72.44 and a 200 day simple moving average of $79.32. The company has a market cap of $6.79 billion, a PE ratio of 16.96 and a beta of 0.72.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Monday, March 31st. Toro's dividend payout ratio is presently 38.87%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC increased its position in Toro by 127.2% during the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after purchasing an additional 206 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Toro during the fourth quarter worth $31,000. Venturi Wealth Management LLC increased its holdings in shares of Toro by 195.7% during the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock worth $44,000 after buying an additional 362 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Toro by 30.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock valued at $43,000 after acquiring an additional 127 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock valued at $65,000 after acquiring an additional 285 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

About Toro

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.