Bank of Montreal Can Grows Position in The Toro Company (NYSE:TTC)

Bank of Montreal Can lifted its holdings in shares of The Toro Company (NYSE:TTC) by 38.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,649 shares of the company’s stock after purchasing an additional 21,454 shares during the quarter. Bank of Montreal Can owned 0.07% of Toro worth $7,272,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Toro by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,565,128 shares of the company’s stock worth $968,083,000 after buying an additional 73,719 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Toro by 25.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,653,109 shares of the company’s stock worth $609,626,000 after acquiring an additional 1,332,248 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Toro by 1.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,766,046 shares of the company’s stock valued at $445,673,000 after acquiring an additional 65,800 shares during the last quarter. Mairs & Power Inc. raised its position in Toro by 0.6% during the fourth quarter. Mairs & Power Inc. now owns 3,225,547 shares of the company’s stock valued at $309,620,000 after purchasing an additional 18,899 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in Toro by 11.5% during the first quarter. Champlain Investment Partners LLC now owns 2,725,651 shares of the company’s stock worth $249,751,000 after purchasing an additional 280,855 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors.

Toro Stock Up 0.0 %

Shares of NYSE TTC opened at $86.68 on Tuesday. The firm’s fifty day moving average is $89.25 and its 200 day moving average is $89.22. The Toro Company has a 52 week low of $77.15 and a 52 week high of $102.00. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 34.26 and a beta of 0.69.

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

Toro Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Northland Securities restated a “market perform” rating and issued a $100.00 target price on shares of Toro in a research report on Friday, September 6th. StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. DA Davidson decreased their target price 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, Robert W. Baird cut their price target on shares of Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.