The Toro Company (NYSE:TTC) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its position in shares of The Toro Company (NYSE:TTC) by 39.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,084 shares of the company’s stock after selling 10,564 shares during the period. Xponance Inc.’s holdings in Toro were worth $1,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evoke Wealth LLC acquired a new stake in shares of Toro in the 4th quarter worth approximately $2,479,000. Vanguard Group Inc. lifted its stake in shares of Toro by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 10,491,409 shares of the company’s stock worth $1,007,070,000 after acquiring an additional 103,300 shares during the period. Cim LLC acquired a new stake in shares of Toro in the 4th quarter worth approximately $12,882,000. Boston Trust Walden Corp lifted its stake in shares of Toro by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 325,053 shares of the company’s stock worth $30,396,000 after acquiring an additional 9,371 shares during the period. Finally, Bank of Nova Scotia raised its holdings in shares of Toro by 5,261.3% in the 4th quarter. Bank of Nova Scotia now owns 132,209 shares of the company’s stock worth $12,690,000 after purchasing an additional 129,743 shares in the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTC has been the topic of a number of research reports. Northland Securities reiterated a “market perform” rating and issued a $100.00 target price on shares of Toro in a report on Friday, September 6th. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. DA Davidson dropped their target price on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Finally, Robert W. Baird dropped their target price on shares of Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.33.

Toro Stock Up 0.0 %

TTC stock opened at $86.67 on Friday. The Toro Company has a 52-week low of $77.15 and a 52-week high of $102.00. The company’s 50 day simple moving average is $89.25 and its 200-day simple moving average is $89.21. 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 firm has a market capitalization of $8.89 billion, a P/E ratio of 34.26 and a beta of 0.69.

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

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 1.66%. Toro’s dividend payout ratio is presently 56.92%.

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.