Quarterly Metrics: Quick and Current Ratios for Toro Co. (TTC)

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As of close of business last night, Toro Co.’s stock clocked out at $98.22, down -1.23% from its previous closing price of $99.44. In other words, the price has decreased by -$1.23 from its previous closing price. On the day, 1.08 million shares were traded. TTC stock price reached its highest trading level at $100.925 during the session, while it also had its lowest trading level at $98.2.

Ratios:

To gain a deeper understanding of TTC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 54.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.04. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.67.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on December 05, 2023, Downgraded its rating to Neutral and sets its target price to $87 from $110 previously.

On June 22, 2023, DA Davidson started tracking the stock assigning a Buy rating and target price of $117.

On May 19, 2023, CL King started tracking the stock assigning a Buy rating and target price of $133.CL King initiated its Buy rating on May 19, 2023, with a $133 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 21 ’24 when Olson Richard M sold 20,000 shares for $95.19 per share. The transaction valued at 1,903,800 led to the insider holds 17,913 shares of the business.

Ellis Gary Lee sold 5,192 shares of TTC for $460,764 on Mar 15 ’24. The Director now owns 33,051 shares after completing the transaction at $88.75 per share. On Mar 15 ’24, another insider, Funk Edric C, who serves as the Group VP, Golf, Grounds & Irr of the company, sold 615 shares for $89.57 each. As a result, the insider received 55,078 and left with 0 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TTC now has a Market Capitalization of 10202504192 and an Enterprise Value of 11153313792. As of this moment, Toro’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.77, and their Forward P/E ratio for the next fiscal year is 20.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 6.18. Its current Enterprise Value per Revenue stands at 2.526 whereas that against EBITDA is 17.562.

Stock Price History:

The Beta on a monthly basis for TTC is 0.70, which has changed by -0.03894323 over the last 52 weeks, in comparison to a change of 0.22226071 over the same period for the S&P500. Over the past 52 weeks, TTC has reached a high of $104.70, while it has fallen to a 52-week low of $77.15. The 50-Day Moving Average of the stock is 9.38%, while the 200-Day Moving Average is calculated to be 10.58%.

Shares Statistics:

It appears that TTC traded 1.13M shares on average per day over the past three months and 1014690 shares per day over the past ten days. A total of 103.84M shares are outstanding, with a floating share count of 103.43M. Insiders hold about 0.43% of the company’s shares, while institutions hold 94.62% stake in the company. Shares short for TTC as of 1719532800 were 7134440 with a Short Ratio of 6.30, compared to 1717113600 on 7989417. Therefore, it implies a Short% of Shares Outstanding of 7134440 and a Short% of Float of 8.59.

Dividends & Splits

With its trailing 12-month dividend rate of 1.4, TTC has a forward annual dividend rate of 1.42. Against a Trailing Annual Dividend Yield of 0.014078841The stock’s 5-year Average Dividend Yield is 1.26. The current Payout Ratio is 43.44% for TTC, which recently paid a dividend on 2024-06-18 with an ex-dividend date of 1718668800. Stock splits for the company last occurred on 2016-09-19 when the company split stock in a 2:1 ratio.

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