The Toro Firm (NYSE:TTC – Get Rating) introduced a quarterly dividend on Tuesday, December thirteenth, RTT News experiences. Stockholders of document on Wednesday, December twenty eighth might be paid a dividend of 0.34 per share on Wednesday, January eleventh. This represents a $1.36 dividend on an annualized foundation and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, December twenty seventh. This is a rise from Toro’s earlier quarterly dividend of $0.30.
Toro has raised its dividend by a mean of 9.7% yearly over the past three years and has raised its dividend yearly for the final 18 years. Toro has a dividend payout ratio of 27.4% indicating that its dividend is sufficiently lined by earnings. Equities analysis analysts anticipate Toro to earn $5.70 per share subsequent yr, which suggests the corporate ought to proceed to have the ability to cowl its $1.36 annual dividend with an anticipated future payout ratio of 23.9%.
Toro Value Efficiency
NYSE:TTC opened at $112.98 on Monday. The corporate has a debt-to-equity ratio of 0.73, a fast ratio of 0.59 and a present ratio of 1.58. The agency has a market cap of $11.77 billion, a price-to-earnings ratio of 26.84 and a beta of 0.76. Toro has a 52 week low of $71.86 and a 52 week excessive of $115.57. The agency’s 50-day easy shifting common is $107.92 and its 200 day easy shifting common is $93.00.
Toro (NYSE:TTC – Get Rating) final introduced its earnings outcomes on Wednesday, December twenty first. The corporate reported $1.11 EPS for the quarter, topping the consensus estimate of $1.09 by $0.02. The corporate had income of $1.17 billion for the quarter, in comparison with analysts’ expectations of $1.18 billion. Toro had a internet margin of 9.82% and a return on fairness of 35.67%. The enterprise’s income for the quarter was up 22.0% on a year-over-year foundation. Throughout the identical interval final yr, the agency earned $0.56 earnings per share. As a bunch, sell-side analysts predict that Toro will submit 4.8 earnings per share for the present yr.
In associated information, VP Kurt D. Svendsen bought 4,000 shares of the corporate’s inventory in a transaction on Friday, September thirtieth. The inventory was bought at a mean value of $87.34, for a complete transaction of $349,360.00. Following the completion of the sale, the vice chairman now instantly owns 10,575 shares within the firm, valued at roughly $923,620.50. The sale was disclosed in a submitting with the SEC, which is on the market by means of this link. Company insiders personal 2.10% of the corporate’s inventory.
Institutional Traders Weigh In On Toro
Hedge funds and different institutional buyers have not too long ago made adjustments to their positions within the inventory. State Avenue Corp boosted its place in Toro by 1.8% within the third quarter. State Avenue Corp now owns 2,880,469 shares of the corporate’s inventory valued at $249,103,000 after shopping for a further 50,034 shares within the final quarter. Sturdy Capital Companions LP purchased a brand new stake in Toro throughout the 1st quarter value $150,798,000. First Belief Advisors LP elevated its holdings in Toro by 336.6% within the 1st quarter. First Belief Advisors LP now owns 932,866 shares of the corporate’s inventory value $79,751,000 after buying a further 719,203 shares within the final quarter. Northern Belief Corp raised its place in Toro by 4.5% within the first quarter. Northern Belief Corp now owns 904,058 shares of the corporate’s inventory valued at $77,288,000 after buying a further 39,237 shares over the last quarter. Lastly, Dimensional Fund Advisors LP boosted its stake in shares of Toro by 2.7% throughout the first quarter. Dimensional Fund Advisors LP now owns 883,779 shares of the corporate’s inventory valued at $75,558,000 after buying a further 23,223 shares within the final quarter. 85.14% of the inventory is owned by institutional buyers.
Analyst Rankings Modifications
A number of equities analysts have weighed in on TTC shares. Raymond James raised Toro from a “market carry out” ranking to an “outperform” ranking and set a $130.00 value goal for the corporate in a report on Friday. StockNews.com downgraded Toro from a “purchase” ranking to a “maintain” ranking in a analysis notice on Wednesday, December seventh. Northcoast Analysis upgraded shares of Toro from a “impartial” ranking to a “purchase” ranking in a analysis notice on Tuesday, September sixth. Lastly, Robert W. Baird dropped their goal value on shares of Toro from $120.00 to $116.00 in a analysis report on Thursday.
Toro Firm Profile
The Toro Firm engages within the designing, manufacturing, advertising, and promoting skilled and residential gear worldwide. The corporate’s Skilled phase gives turf and panorama gear merchandise, together with sports activities fields and grounds mowing and upkeep gear, golf course mowing and upkeep gear, panorama contractor mowing gear, panorama creation and renovation gear, and different upkeep gear; rental, specialty, and underground building gear; and snow and ice administration gear, akin to snowplows, brush, snow thrower attachment, salt and sand spreaders, and associated components and equipment for gentle and medium responsibility vans, utility job automobiles, skid steers, and front-end loaders.
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