Toro Co. (TTC) recent activity suggests a positive outlook with the last week’s performance of 1.53%

Toro Co. (NYSE: TTC) on Tuesday, soared 1.32% from the previous trading day ,before settling in for the closing price of $87.01. Within the past 52 weeks, TTC’s price has moved between $78.35 and $108.50.

A company in the Industrials sector has jumped its sales by 52.68% annually for the last half of the decade. The company achieved an average annual earnings per share of 1.58%. With a float of $103.96 million, this company’s outstanding shares have now reached $104.41 million.

In an organization with 10706 employees, it is important to assess its efficiency.

Toro Co. (TTC) Insider and Institutional Ownership

Observing investor behavior towards Tools & Accessories industry stocks is more important than anything else. The insider ownership of Toro Co. is 0.43%, while institutional ownership is 89.77%. The most recent insider transaction that took place on Mar 15 ’24, was worth 460,764. In this transaction Director of this company sold 5,192 shares at a rate of $88.75, taking the stock ownership to the 33,051 shares. Before that another transaction happened on Mar 15 ’24, when Company’s Group VP, Golf, Grounds & Irr sold 615 for $89.57, making the entire transaction worth $55,078. This insider now owns 0 shares in total.

Toro Co. (TTC) Latest Financial update

As on 1/30/2024, Multinational firm has announced its last quarter scores, in which it reported $0.64 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.66) by -$0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.24 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 1.58% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.20% during the next five years compared to 4.32% growth over the previous five years of trading.

Toro Co. (NYSE: TTC) Trading Performance Indicators

Toro Co. (TTC) is currently performing well based on its current performance indicators. A quick ratio of 0.86 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.09. Likewise, its price to free cash flow for the trailing twelve months is 63.84.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.73, a number that is poised to hit 1.29 in the next quarter and is forecasted to reach 4.70 in one year’s time.

Technical Analysis of Toro Co. (TTC)

Let’s dig in a bit further. During the last 5-days, its volume was 0.43 million. That was inferior than the volume of 0.71 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 22.83%. Additionally, its Average True Range was 1.96.

During the past 100 days, Toro Co.’s (TTC) raw stochastic average was set at 32.98%, which indicates a significant decrease from 36.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.62% in the past 14 days, which was lower than the 28.89% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $91.64, while its 200-day Moving Average is $91.50. However, in the short run, Toro Co.’s stock first resistance to watch stands at $88.85. Second resistance stands at $89.55. The third major resistance level sits at $90.75. If the price goes on to break the first support level at $86.95, it is likely to go to the next support level at $85.75. The third support level lies at $85.05 if the price breaches the second support level.

Toro Co. (NYSE: TTC) Key Stats

Market capitalization of the company is 9.20 billion based on 104,407K outstanding shares. Right now, sales total 4,553 M and income totals 329,700 K. The company made 1,002 M in profit during its latest quarter, and 64,900 K in sales during its previous quarter.