|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||100.25 - 101.96|
|52 Week Range||52.07 - 102.56|
|Beta (5Y Monthly)||0.77|
|PE Ratio (TTM)||33.26|
|Earnings Date||Mar 04, 2021|
|Forward Dividend & Yield||1.05 (1.04%)|
|Ex-Dividend Date||Dec 21, 2020|
|1y Target Est||106.50|
The Toro Co. (NYSE: TTC) has issued a recall of one of its Toro Power Max Snowthrowers due to a potential amputation hazard. What Happened: The Bloomington, Minnesota-headquartered company said its Model Year 2021 Toro Power Max 826 OHAE Snowthrowers with Model Number 37802 are being recalled due to a defective auger that could fail to disengage when the control lever is released. The company said it received five reports of a problematic auger — and while no injuries have been reported, the worst-case scenario would involve the potential for amputation. Approximately 6,700 machines are being recalled. These products, which retail for roughly $1,200, were manufactured in Juarez, Mexico and sold through the retail and e-commerce channels of Home Depot, Ace Hardware and Toro’s authorized dealers between November 2020 and January 2021. What Happens Next: People who purchased the snow blowers have been told not to use them and to contact a Toro dealer for a free repair. Toro conducted the recall through the Track Recall process operated by the U.S. Consumer Safety Product Commission. TTC Price Action: Toro shares were trading 1.55% higher at $100.26 at last check Friday. See more from BenzingaClick here for options trades from BenzingaHow Ford Is Helping Out TexasExclusive: Resonant CEO On Role In 5G Development: 'We're Basically Arms Dealers To The Filter Business'© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Rating Action: Moody's changes Toro's outlook to positive; affirms Baa3 senior unsecured ratingGlobal Credit Research - 18 Feb 2021Approximately $225 million of rated debt affectedNew York, February 18, 2021 -- Moody's Investors Service, ("Moody's") changed The Toro Company's ("Toro") ratings outlook to positive from stable. Concurrently, Moody's affirmed the company's long-term senior unsecured debt ratings at Baa3.RATINGS RATIONALEThe outlook change to positive is based on the company's demonstrated favorable operating performance and strong free cash flow, even amid the coronavirus pandemic.
The Toro Company to Announce Fiscal 2021 First Quarter Results