BidaskClub downgraded shares of Toro Company (The) (NYSE:TTC) from a buy rating to a hold rating in a research report released on Friday morning.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Toro Company (The) from a hold rating to a buy rating and set a $79.00 price target on the stock in a research note on Thursday, July 13th. Seaport Global Securities cut shares of Toro Company (The) from a buy rating to a neutral rating and set a $67.00 price target on the stock. in a research note on Friday. Finally, Longbow Research upgraded shares of Toro Company (The) from an underperform rating to a neutral rating in a research note on Monday, May 22nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $63.75.

Toro Company (NYSE:TTC) opened at 61.59 on Friday. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 26.01 and a beta of 0.56. Toro Company has a 1-year low of $46.09 and a 1-year high of $73.86. The firm’s 50-day moving average price is $70.86 and its 200-day moving average price is $66.23.

Toro Company (The) (NYSE:TTC) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $627.90 million for the quarter, compared to analysts’ expectations of $628.08 million. Toro Company (The) had a net margin of 10.63% and a return on equity of 45.32%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 EPS. Equities research analysts forecast that Toro Company will post $2.38 EPS for the current fiscal year.

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In related news, Director Gary Lee Ellis sold 10,492 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $67.57, for a total transaction of $708,944.44. Following the transaction, the director now directly owns 37,304 shares in the company, valued at approximately $2,520,631.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher A. Twomey sold 15,108 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $71.75, for a total transaction of $1,083,999.00. Following the transaction, the director now owns 15,108 shares in the company, valued at $1,083,999. The disclosure for this sale can be found here. Insiders have sold a total of 72,872 shares of company stock worth $5,119,937 over the last 90 days. Corporate insiders own 5.69% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Greenleaf Trust purchased a new position in shares of Toro Company (The) during the first quarter valued at approximately $214,000. Creative Planning increased its position in shares of Toro Company (The) by 11.0% in the first quarter. Creative Planning now owns 3,384 shares of the company’s stock valued at $211,000 after buying an additional 335 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Toro Company (The) by 0.3% in the first quarter. New York State Teachers Retirement System now owns 193,156 shares of the company’s stock valued at $12,065,000 after buying an additional 600 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Toro Company (The) by 0.6% in the first quarter. Mackenzie Financial Corp now owns 7,578 shares of the company’s stock valued at $473,000 after buying an additional 48 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. increased its position in shares of Toro Company (The) by 0.5% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 12,075 shares of the company’s stock valued at $837,000 after buying an additional 65 shares during the last quarter. Institutional investors own 74.76% of the company’s stock.

About Toro Company (The)

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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