Toro approves 3 million-share buyback

The company has about 50,000 shares available for purchase under its previous buyback program.

Fla

Toro Co., a maker of landscaping equipment and irrigation systems, approved the repurchase of up to 3 million common shares.

The company has about 50,000 shares available for purchase under its previous buyback program.

Toro shares rose 30 cents to close at $42.80 on the New York Stock Exchange. The company currently has about 42.3 million shares outstanding.