Northland Capmk Analysts Lift Earnings Estimates for The Toro Company (NYSE:TTC) – Information Global Web

The Toro Company (NYSE:TTC – Free Report) – Research analysts at Northland Capmk boosted their Q3 2024 earnings per deal estimates for shares of Toro in a investigate inform issued to clients and investors on Thursday, July 11th. Northland Capmk shrink E. politician today expects that the consort module place earnings per deal of $1.22 for the quarter, up from their preceding judge of $1.21. The consensus judge for Toro’s underway full-year earnings is $4.32 per share. Northland Capmk also issued estimates for Toro’s FY2024 earnings at $4.30 EPS, FY2026 earnings at $4.83 EPS, FY2027 earnings at $4.99 EPS and FY2028 earnings at $5.16 EPS.

A sort of another brokerages hit also weighed in on TTC. StockNews.com down Toro from a “hold” judgement to a “sell” judgement in a inform on Wednesday, March 20th. parliamentarian W. Baird upraised their toll direct on Toro from $90.00 to $100.00 and gave the consort a “neutral” judgement in a investigate state on Friday, June 7th. One assets shrink has rated the hit with a delude rating, threesome hit issued a stop judgement and digit has issued a acquire judgement to the company. According to accumulation from MarketBeat.com, the consort currently has an cipher judgement of “Hold” and an cipher direct toll of $98.75.

Get Our Latest Stock Analysis on Toro

Toro Stock Up 1.1 %

Shares of NYSE:TTC unsealed at $92.21 on Monday. The consort has a mart container of $9.58 billion, a price-to-earnings ratio of 36.45 and a beta of 0.69. Toro has a fifty-two hebdomad baritone of $77.15 and a fifty-two hebdomad broad of $105.32. The firm’s 50-day ultimate agitated cipher is $89.36 and its 200-day ultimate agitated cipher is $90.33. The consort has a hurried ratio of 0.87, a underway ratio of 1.93 and a debt-to-equity ratio of 0.61.

Toro (NYSE:TTC – Get Free Report) terminal issued its quarterly earnings results on Thursday, June 6th. The consort reportable $1.40 earnings per deal for the quarter, superior the consensus judge of $1.29 by $0.11. The concern had income of $1.35 1000000000 during the quarter, compared to the consensus judge of $1.34 billion. Toro had a convey on justness of 25.04% and a gain edge of 6.00%. The company’s income for the lodge was up .7% on a year-over-year basis. During the aforementioned punctuation terminal year, the consort attained $1.58 earnings per share.

Institutional Trading of Toro

A sort of super investors hit fresh prefabricated changes to their positions in TTC. Values First Advisors Inc. upraised its holdings in Toro by 0.6% in the 4th quarter. Values First Advisors Inc. today owns 17,216 shares of the company’s hit valued at $1,653,000 after feat an added 110 shares during the terminal quarter. Fifth Third Bancorp upraised its function in Toro by 19.5% during the prototypal quarter. Fifth Third Bancorp today owns 742 shares of the company’s hit worth $68,000 after purchase an added 121 shares during the period. Natixis Advisors L.P. boosted its wager in Toro by 0.5% in the 4th quarter. Natixis Advisors L.P. today owns 25,092 shares of the company’s hit worth $2,408,000 after purchase an added 137 shares during the terminal quarter. Assenagon Asset Management S.A. grew its holdings in Toro by 3.5% in the 1st quarter. Assenagon Asset Management S.A. today owns 4,270 shares of the company’s hit valued at $391,000 after purchase an added 146 shares during the period. Finally, PrairieView Partners LLC accumulated its wager in shares of Toro by 13.5% during the 4th quarter. PrairieView Partners LLC today owns 1,345 shares of the company’s hit valued at $129,000 after feat an added 160 shares during the terminal quarter. Institutional investors and inclose assets possess 87.95% of the company’s stock.

Insider Buying and Selling

In another news, CEO Richard M. Olson oversubscribed 20,000 shares of Toro hit in a dealings on Friday, June 21st. The hit was oversubscribed at an cipher toll of $95.19, for a amount dealings of $1,903,800.00. Following the termination of the transaction, the honcho chief tar today owns 17,913 shares of the company’s stock, valued at roughly $1,705,138.47. The dealings was unconcealed in a filing with the Securities & Exchange Commission, which is acquirable at this link. Insiders possess 1.62% of the company’s stock.

Toro Announces Dividend

The consort also fresh proclaimed a quarterly dividend, which was paying on Tuesday, June 11th. Stockholders of achievement on Tuesday, June 18th were paying a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend consent of 1.56%. The ex-dividend fellow of this dividend was Tuesday, June 18th. Toro’s dividend payout ratio (DPR) is 56.92%.

About Toro

(Get Free Report)

The Toro Company designs, manufactures, markets, and sells professed greensward fix equipment and services. It operates finished digit segments: Professional and Residential. The Professional portion offers greensward and genre equipment products, including sports fields and deposit mowing and fix equipment, sport instruction mowing and fix equipment, genre fasciculus mowing equipment, genre creation and improvement equipment, and another fix equipment; rental, specialty, and subsurface cerebration equipment, much as flat leading drills, achievement and mate trenchers, stand-on constraint steers, clean excavators, vex grinders, greensward improvement products, quality locators, tube rehabilitation solutions, materials direction equipment, and another after-market tools; and deceive and cover direction equipment, much as snowplows, as substantially as stand-on deceive and cover remotion equipment, much as snowplow, deceive brush, and deceive ceramist attachments, briny and smoothen spreaders, and attendant parts and accessories for reddened and job obligation trucks, programme duty vehicles, constraint steers, and front-end loaders.

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