Toro Co (TTC): Philip A Burkart , VP, Irrig. & Lighting Business of Toro Co sold 6,600 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $89.00 per share for a total value of $587,400.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, William E Jr Brown (Group VP, Res & Cont) sold 9,932 shares at $87.93 per share price.On Mar 24, 2016, Darren L Redetzke (VP, International Business) sold 9,600 shares at $86.50 per share price.Also, On Mar 23, 2016, Philip A Burkart (VP, Irrig. & Lighting Business) sold 2,200 shares at $85.50 per share price.On Mar 23, 2016, David H Alkire (VP, RLC Businesses) sold 1,200 shares at $85.08 per share price.
Toro Co: On Friday, May 27, 2016 heightened volatility was witnessed in Toro Co which led to swings in the share price. The shares opened for trading at $89 and hit $89.79 on the upside , eventually ending the session at $89.71, with a gain of 0.89% or 0.79 points. The heightened volatility saw the trading volume jump to 3,45,308 shares. The 52-week high of the share price is $89.79 and the company has a market cap of $4,885 M . The 52-week low of the share price is at $64.71.
On May 17, 2016, Toro Co announced a cash dividend of $0.3000. The company’s management has announced Jun 17, 2016 as the ex-dividend date and fixed the record date on Jun 21, 2016. The payable date has been fixed on Jul 12, 2016.
Company has been under the radar of several Street Analysts.Toro Co is Initiated by Seaport Global Securities to Neutral and the brokerage firm has set the Price Target at $87. The Rating was issued on May 24, 2016.
The Toro Company (Toro) designs manufactures and markets professional turf maintenance equipment and services turf irrigation systems landscaping equipment and lighting agricultural micro-irrigation systems rental and construction equipment and residential yard and snow removal products. The Company sells its products across the world through a network of distributors dealers hardware retailers home centers mass retailers and over the Internet under the names of Toro Exmark Irritrol Hayter Pope Unique Lighting Systems Lawn-Boy and Lawn Genie. The Company operates in three business segments: Professional through which the Company designs professional turf landscape and agricultural products and markets them across the world; Residential which markets its residential products to homeowners and Distribution which consists of the Companys owned domestic distributorships.