Top Stock to Buy #4 – The Toro Company (TTC)
The Toro Company (NYSE:TTC) is a household name when it comes to small engine equipment. But it also designs, manufactures and markets turf maintenance equipment, irrigation systems, and landscaping, lighting and snow removal products.
Earnings are expected to reach $2.52 in FY 2013 (ended Oct. 31) versus $2.17 in FY 2012. It has a dividend yield of a little over 1%.
Technically Toro broke from a classic cup-and-handle formation in February. In late June, the stochastic issued a buy signal, and it has been under heavy accumulation for the past six months. Buy TTC at the market with a target of $45-plus. Toro had a 2/1 split effective July 2.