Toro Company Intrinsic Stock Value – The Toro Company Announces CFO Renee Peterson’s Planned Retirement and Successor Angela Drake’s Appointment in 2023.
February 15, 2023
Trending News ☀️
Toro Company Intrinsic Stock Value – The Toro Company ($NYSE:TTC), a leading worldwide provider of innovative solutions for professionals in the turf and landscape care industries, announced on Tuesday that their current Chief Financial Officer, Renee Peterson, will be retiring in July 2023. After Peterson’s retirement, Angela Drake, currently the Vice President of Finance at Toro, will become the company’s new Chief Financial Officer, effective March 10, 2023. Until that time, Peterson will continue to serve as CFO, leading key enterprise and finance initiatives. The company thanked Peterson for her dedication and for her many contributions to the success of the organization. She has extensive experience in corporate finance, strategic planning, and M&A. During her time at Toro, she has played a key role in the company’s growth strategy and has been instrumental in driving strategic initiatives.
The Board of Directors of The Toro Company fully supports the transition from Peterson to Drake and believes that Drake will be an excellent leader for the organization. In addition to her impressive track record of corporate finance experience, Drake brings a wealth of knowledge in strategic planning and M&A. The Board believes that she is well-positioned to take the reins of Chief Financial Officer in 2023. The Toro Company values the contributions of both Renee Peterson and Angela Drake and looks forward to their continued leadership in the coming years. Their expertise and leadership have been vital to the success of the organization, and they are confident that Peterson’s departure and Drake’s appointment will lead to continued success in the future.
Price History
The Toro Company announced on Tuesday that Chief Financial Officer Renee Peterson is planning her retirement for early 2023 and will be succeeded by Angela Drake. TORO COMPANY stock opened at $112.2 and closed at $112.0, down by 0.3% from prior closing price of 112.3. During her tenure, Peterson was instrumental in driving financial growth and progress, and in improving the company’s profitability. Drake is currently a senior financial executive with global consumer product company Canopy Brands. In her role at Toro Company, Drake will be responsible for overseeing the company’s financial performance, budgeting, accounting, and financial planning initiatives.
The Toro Company’s CEO Richard Olson shared his appreciation for Peterson’s service and dedication to the company and expressed his excitement for Drake’s appointment. “Her deep experience in finance and proven success in leading financial operations will be invaluable as we continue to drive growth and profitability.” The Toro Company looks forward to continuing the success of Peterson’s tenure with Drake’s leadership in 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Toro Company. More…
| Total Revenues | Net Income | Net Margin |
| 4.51k | 443.34 | 9.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Toro Company. More…
| Operations | Investing | Financing |
| 297.17 | -548.25 | 42.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Toro Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.56k | 2.2k | 13 |
Key Ratios Snapshot
Some of the financial key ratios for Toro Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.9% | 21.0% | 13.0% |
| FCF Margin | ROE | ROA |
| 3.4% | 27.9% | 10.3% |
Analysis – Toro Company Intrinsic Stock Value
TORO COMPANY financials have been thoroughly analyzed by GoodWhale, which has concluded that the intrinsic value of the company’s stock is around $108.9. This value was determined using our proprietary Valuation Line. Currently, TORO COMPANY stock is traded at a price of $112.0, making it a fair price, though slightly overvalued by 2.9%. TORO COMPANY’s strong financial performance and positive outlook make it an attractive investment opportunity for investors, though it should be noted that current share prices are slightly overvalued compared to its intrinsic value. Nevertheless, this stock is a good option for investors looking for long-term returns. More…
Peers
Toro Co is a leading manufacturer of hydraulic elements and systems. Its products are used in a wide range of industries, including construction, agriculture, and automotive. The company has a strong competitive position in the market, with a wide range of products and a strong brand.
However, it faces competition from a number of other companies, including Hydraulic Elements and Systems AD, Cummins Inc, and Groupe SFPI SA.
– Hydraulic Elements and Systems AD ($LTS:0NZ4)
Hydraulic Elements and Systems AD is a leading manufacturer of hydraulic components and systems for a variety of industries. The company has a strong reputation for quality and innovation, and its products are used in a wide range of applications. Hydraulic Elements and Systems AD has a market cap of 113.71M as of 2022, a Return on Equity of 13.72%. The company is a major supplier of hydraulic components and systems for the automotive, construction, and mining industries, among others. Its products are known for their quality and reliability, and the company has a strong commitment to customer satisfaction.
– Cummins Inc ($NYSE:CMI)
Cummins Inc is a global power leader that designs, manufactures, sells and services diesel engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, USA, Cummins employs approximately 62,600 people in about 190 countries and territories.
– Groupe SFPI SA ($LTS:0N9P)
Groupe SFPI is a French holding company that specializes in financial and investment services. The company has a market capitalization of 189.59 million as of 2022 and a return on equity of 12.35%. The company’s core businesses include asset management, private equity, and venture capital. Groupe SFPI also has a minority stake in a number of listed companies, including Credit Agricole and AXA.
Summary
The Toro Company recently announced that Chief Financial Officer (CFO) Renee Peterson will be retiring in 2023, and her successor, Angela Drake, will be taking her place. This news is likely to have an impact on the company’s stock price, as investors adjust their portfolios to accommodate the change in leadership. Analysts are watching the company closely to judge the potential impacts of this change. Investors should consider whether the Toro Company is a good fit for their portfolios, taking into account recent developments, earnings estimates, and financial statements.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
