Toro Co (NYSE: TTC) is -15.16% lower on its value in year-to-date trading and has touched a low of $77.15 and a high of $102.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TTC stock was last observed hovering at around $85.31 in the last trading session, with the day’s loss setting it -3.87%.
Currently trading at $81.44, the stock is -5.45% and -3.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing -4.54% at the moment leaves the stock -7.23% off its SMA200. TTC registered -6.86% loss for a year compared to 6-month loss of -14.95%. The firm has a 50-day simple moving average (SMA 50) of $84.2028 and a 200-day simple moving average (SMA200) of $87.8448.
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The stock witnessed a -0.46% gain in the last 1 month and extending the period to 3 months gives it a -4.75%, and is -7.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.58% over the week and 2.02% over the month.
Toro Co (TTC) has around 10706 employees, a market worth around $8.36B and $4.48B in sales. Current P/E ratio is 21.30 and Fwd P/E is 16.16. Profit margin for the company is 8.90%. Distance from 52-week low is 5.56% and -20.16% from its 52-week high. The company has generated returns on investments over the last 12 months (14.78%).
The EPS is expected to grow by 10.71% this year
712.0 institutions hold shares in Toro Co (TTC), with institutional investors hold 93.14% of the company’s shares. The shares outstanding are 103.06M, and float is at 102.27M with Short Float at 4.88%. Institutions hold 92.56% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.46 million shares valued at $978.31 million. The investor’s holdings represent 10.0212 of the TTC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.29 million shares valued at $962.25 million to account for 9.8567 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 8.88 million shares representing 8.5069 and valued at over $830.49 million, while SELECT EQUITY GROUP, L.P. holds 5.2868 of the shares totaling 5.52 million with a market value of $516.12 million.
Toro Co (TTC) Insider Activity
The most recent transaction is an insider sale by Olson Richard M, the company’s Chairman & CEO. SEC filings show that Olson Richard M sold 20,000 shares of the company’s common stock on Jun 21 ’24 at a price of $95.19 per share for a total of $1.9 million. Following the sale, the insider now owns 17913.0 shares.
Toro Co disclosed in a document filed with the SEC on Mar 15 ’24 that Funk Edric C (Group VP, Golf, Grounds & Irr) sold a total of 615 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $89.57 per share for $55078.0. Following the transaction, the insider now directly holds 0.0 shares of the TTC stock.
Still, SEC filings show that on Mar 15 ’24, Ellis Gary Lee (Director) disposed off 5,192 shares at an average price of $88.75 for $0.46 million. The insider now directly holds 33,051 shares of Toro Co (TTC).
