Last €57.58 EUR
Change Today -0.51 / -0.88%
Volume 0.0
TO2 On Other Exchanges
Symbol
Exchange
Berlin
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As of 1:07 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

toro co (TO2) Snapshot

Open
€57.31
Previous Close
€58.09
Day High
€57.82
Day Low
€57.31
52 Week High
01/27/15 - €60.33
52 Week Low
10/15/14 - €43.30
Market Cap
3.2B
Average Volume 10 Days
3.0
EPS TTM
--
Shares Outstanding
55.8M
EX-Date
12/19/14
P/E TM
--
Dividend
€0.92
Dividend Yield
1.13%
Current Stock Chart for TORO CO (TO2)

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toro co (TO2) Details

The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services worldwide. Its Professional segment offers turf and landscape equipment products, such as sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and construction equipment, and other maintenance equipment; and irrigation and lighting products, including sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, and micro-irrigation drip tape and hose products, as well as professionally installed lighting products. This segment markets its products to professional users engaged in maintaining golf courses, sports fields, municipal properties, agricultural fields, residential and commercial landscapes, and removing snow through a network of distributors and dealers, as well as directly to government customers, rental companies, and retailers. The company’s Residential segment provides walk power mowers; riding mowers; snow throwers; replacement parts; and home solutions products, including trimmers, blowers, blower-vacuums, and underground and hose-end retail irrigation products. This segment sells its products to homeowners through a network of distributors and dealers; and an array of home centers, hardware retailers, and mass retailers, as well as through the Internet. The company also provides professional snow and ice removal equipment. The Toro Company sells its products primarily under the Toro, Exmark, Irritrol, Hayter, Pope, Unique Lighting Systems, Lawn-Boy, Lawn Genie, and BOSS trademarks. The company was founded in 1914 and is headquartered in Bloomington, Minnesota.

6,134 Employees
Last Reported Date: 12/22/14
Founded in 1914

toro co (TO2) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $900.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $445.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $371.0K
Group Vice President of Commercial and Irriga...
Total Annual Compensation: $355.0K
Group Vice President of Residential and Contr...
Total Annual Compensation: $355.0K
Compensation as of Fiscal Year 2013.

toro co (TO2) Key Developments

Toro Co. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended October 31, 2014; Declares Quarterly Cash Dividend, Payable on January 12, 2015; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2015

Toro Co. reported unaudited consolidated earnings results for the fourth quarter and full year ended October 31, 2014. For the fourth quarter, Toro reported net earnings of $10.9 million, or $0.19 per diluted share, on a net sales increase of 8.3% to $414.1 million. In the comparable fiscal 2013 period, the company posted net earnings of $5 million or $0.08 per diluted share on net sales of $382.4 million. Operating earnings were $19.6 million against $8.4 million reported last year. Earnings before income taxes were $17.8 million against $9.3 million reported last year. The company reported net earnings of $173.9 million, or $3.02 per diluted share, on a net sales increase of 6.4% to $2.173 billion for its fiscal year ended October 31, 2014. In fiscal 2013, the company delivered net earnings of $154.8 million, or $2.62 per diluted share, on net sales of $2.041 billion. Operating earnings were $263.2 million against $230.7 million reported last year. Earnings before income taxes were $256.4 million against $226.7 million reported last year. Net cash provided by operating activities was $182.4 million against $221.9 million reported last year. Purchases of property, plant, and equipment were $71.1 million against $49.4 million reported last year. The board of directors of the company has declared a quarterly cash dividend of $0.25 per share, a 25% increase from its previous quarterly dividend rate of $0.20 per share. This dividend is payable on January 12, 2015, to shareholders of record on December 23, 2014. The company expects revenue growth for fiscal 2015 to be about 8 to 10%, and net earnings to be about $3.30 to $3.40 per share. The company expects effective tax rate for fiscal 2015 to be about 32.5%. Capital expenditures are projected to be about $75 million on additional investments in product research and development, capabilities and capacity. The company expects that depreciation and amortization will be approximately $60 million to $65 million. For the first quarter of fiscal 2015, the company expects net earnings to be about $0.47 per share.

Toro Mulls Acquisitions

Toro Co. (NYSE:TTC) is seeking acquisitions. Mike Hoffman, Chairman and Chief Executive Officer of Toro said, "We have a very good business model, a diverse portfolio, solid returns as I mentioned, and the ability as it says here to drive continued topline growth, the ability we believe to take share, the ability to expand our margins, and a very good discipline with Rene and her team. But within the Company, disciplined process and capacity for acquisitions."

Northern Star Industries Inc., Toro Co. - M&A Call

To discuss its agreement to acquire the BOSS snow and ice management business

 

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Industry Analysis

TO2

Industry Average

Valuation TO2 Industry Range
Price/Earnings 21.8x
Price/Sales 1.7x
Price/Book 8.9x
Price/Cash Flow 21.1x
TEV/Sales 1.4x
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