The Toro Company (NYSE:TTC) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in shares of The Toro Company (NYSE:TTC) by 57.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,569 shares of the company’s stock after acquiring an additional 8,986 shares during the period. Quantbot Technologies LP’s holdings in Toro were worth $2,131,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Speece Thorson Capital Group Inc. lifted its position in Toro by 24.5% during the third quarter. Speece Thorson Capital Group Inc. now owns 144,438 shares of the company’s stock valued at $12,527,000 after purchasing an additional 28,453 shares during the period. Boston Trust Walden Corp raised its stake in shares of Toro by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 325,053 shares of the company’s stock valued at $30,396,000 after buying an additional 9,371 shares during the last quarter. Atria Investments Inc acquired a new position in shares of Toro in the 1st quarter valued at about $1,139,000. Raymond James & Associates boosted its stake in shares of Toro by 5.7% in the third quarter. Raymond James & Associates now owns 278,700 shares of the company’s stock worth $24,172,000 after buying an additional 14,950 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Toro by 5.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 200,456 shares of the company’s stock worth $17,386,000 after acquiring an additional 9,998 shares during the period. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Trading Up 0.8 %

Shares of NYSE:TTC opened at $86.88 on Friday. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 22.80 and a beta of 0.69. The business’s 50 day moving average price is $83.96 and its 200-day moving average price is $87.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85. The Toro Company has a 1 year low of $77.15 and a 1 year high of $102.00.

Toro (NYSE:TTC) last announced its earnings results on Thursday, September 5th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). Toro had a net margin of 8.89% and a return on equity of 25.94%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.66%. Toro’s payout ratio is currently 37.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTC. StockNews.com raised Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. Robert W. Baird decreased their target price on shares of Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. DA Davidson dropped their price target on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Finally, Northland Securities reiterated a “market perform” rating and issued a $100.00 price objective on shares of Toro in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Toro presently has a consensus rating of “Hold” and an average price target of $93.33.

About Toro

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.