Is Toro Co. (TTC) positioned for future growth?

With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.8 million shares. During the session, the Tools & Accessories company that operates in wider Industrials sector, reached to the highest price of $96.93 whereas the lowest price it dropped to was $94.07. The 52-week range on TTC shows that it touched its highest point at $117.17 and its lowest point at $78.35 during that stretch. It currently has a 1-year price target of $101.00. With its current market cap of 10.07 billion, TTC has annualized dividend of $1.40 while the current yield stands at 1.44%. Beta for the stock currently stands at 0.74.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TTC was up-trending over the past week, with a rise of 3.41%, but this was up by 6.23% over a month. Three-month performance surged to 16.69% while six-month performance fell -4.78%. The stock lost -12.66% in the past year, while it has gained 0.96% so far this year. A look at the trailing 12-month EPS for TTC yields 3.13 with Next year EPS estimates of 4.69. For the next quarter, that number is 0.65. This implies an EPS growth rate of 1.84% for this year and 9.27% for next year. EPS is expected to grow by 10.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.32%.

Float and Shares Shorts:

At present, 103.84 million TTC shares are outstanding with a float of 103.43 million shares on hand for trading. On Jan 11, 2024, short shares totaled 2.99 million, which was 2.88% higher than short shares on Dec 14, 2023. In addition to TTD as the firm’s The Trade Desk, Inc., TFC serves as its Truist Financial Corporation.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TTC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TTC analysts setting a high price target of $112.00 and a low target of $93.00, the average target price over the next 12 months is $101.00. Based on these targets, TTC could surge 15.57% to reach the target high and fall by -4.03% to reach the target low. Reaching the average price target will result in a growth of 4.22% from current levels.

Summary of Insider Activity:

Insiders traded TTC stock several times over the past three months with 1 Buys and 3 Sells. In these transactions, 4,800 shares were bought while 7,399 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 93,989 while 79,457 shares were sold.