SkyView Investment Advisors LLC Increases Stock Holdings in The Toro Company (NYSE:TTC)

SkyView Investment Advisors LLC increased its stake in The Toro Company (NYSE:TTC) by 8.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 9,870 shares of the company’s stock after acquiring an additional 803 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Toro were worth $923,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TTC. Arizona State Retirement System increased its stake in shares of Toro by 0.4% during the second quarter. Arizona State Retirement System now owns 28,680 shares of the company’s stock worth $2,682,000 after purchasing an additional 110 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Toro by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 46,925 shares of the company’s stock valued at $4,405,000 after acquiring an additional 123 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Toro by 1.4% in the second quarter. Toronto Dominion Bank now owns 10,060 shares of the company’s stock worth $941,000 after acquiring an additional 136 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Toro by 22.4% during the second quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock worth $85,000 after purchasing an additional 166 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Toro by 1,204.8% in the 1st quarter. UMB Bank n.a. now owns 274 shares of the company’s stock valued at $25,000 after purchasing an additional 253 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Up 0.0 %

Shares of TTC opened at $86.65 on Friday. The Toro Company has a 12-month low of $77.15 and a 12-month high of $102.00. The firm has a market capitalization of $8.89 billion, a P/E ratio of 34.25 and a beta of 0.69. The firm has a 50-day moving average price of $89.25 and a 200 day moving average price of $89.21. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59.

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

Toro Announces Dividend

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

Analyst Upgrades and Downgrades

TTC has been the subject of a number of research reports. Northland Securities reaffirmed a “market perform” rating and set a $100.00 target price on shares of Toro in a report on Friday, September 6th. DA Davidson dropped their price objective on shares of Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research note 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 on the stock in a research note on Friday, September 6th. Finally, StockNews.com raised Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. 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 currently has a consensus rating of “Hold” and a consensus price target of $93.33.

Toro 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.