7,181 Shares in The Toro Company (NYSE:TTC) Bought by MBB Public Markets I LLC

MBB Public Markets I LLC bought a new stake in The Toro Company (NYSE:TTC) during the second quarter, Holdings Channel.com reports. The firm bought 7,181 shares of the company’s stock, valued at approximately $671,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. UBS Group AG lifted its position in Toro by 21.0% in the fourth quarter. UBS Group AG now owns 72,702 shares of the company’s stock worth $6,979,000 after purchasing an additional 12,602 shares during the period. Hsbc Holdings PLC increased its stake in Toro by 6.1% in the 4th quarter. Hsbc Holdings PLC now owns 64,265 shares of the company’s stock worth $6,166,000 after purchasing an additional 3,697 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Toro by 76.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,147 shares of the company’s stock worth $206,000 after buying an additional 931 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Toro by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 46,168 shares of the company’s stock worth $4,432,000 after acquiring an additional 450 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Toro by 1.3% in the 4th quarter. California State Teachers Retirement System now owns 154,870 shares of the company’s stock worth $14,866,000 after purchasing an additional 1,966 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Wall Street Analysts Forecast Growth

TTC has been the subject of a number of research analyst reports. DA Davidson reduced their target price on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, September 9th. StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. Northland Securities restated a “market perform” rating and set a $100.00 price target on shares of Toro in a research note on Friday, September 6th. Finally, Robert W. Baird lowered their target price on shares of Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $93.33.

Toro Stock Down 0.8 %

Shares of TTC stock opened at $86.05 on Wednesday. The Toro Company has a one year low of $77.15 and a one year high of $102.00. The stock has a market cap of $8.83 billion, a P/E ratio of 34.01 and a beta of 0.69. 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 stock has a fifty day moving average price of $89.05 and a 200 day moving average price of $89.20.

Toro (NYSE:TTC) last announced its earnings results on Thursday, September 5th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.26 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. Toro’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. Analysts predict that The Toro Company will post 4.16 earnings per share for the current year.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.67%. Toro’s dividend payout ratio is 56.92%.

Toro Company Profile

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.