Swiss National Bank Sells 200 Shares of The Toro Company (NYSE:TTC)

Swiss National Bank trimmed its holdings in shares of The Toro Company (NYSE:TTC) by 0.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 308,900 shares of the company’s stock after selling 200 shares during the quarter. Swiss National Bank’s holdings in Toro were worth $26,791,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TTC. UMB Bank n.a. increased its position in shares of Toro by 112.1% during the 3rd quarter. UMB Bank n.a. now owns 630 shares of the company’s stock valued at $55,000 after purchasing an additional 333 shares during the last quarter. Covestor Ltd increased its holdings in Toro by 522.6% during the first quarter. Covestor Ltd now owns 716 shares of the company’s stock worth $66,000 after buying an additional 601 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Toro by 850.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock worth $74,000 after acquiring an additional 765 shares during the period. Fifth Third Bancorp boosted its stake in Toro by 22.4% in the second quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock valued at $85,000 after acquiring an additional 166 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Toro in the second quarter valued at about $94,000. 87.95% of the stock is currently owned by institutional investors.

Toro Trading Up 2.4 %

Toro stock opened at $83.81 on Friday. The stock has a market cap of $8.60 billion, a P/E ratio of 22.00 and a beta of 0.69. The Toro Company has a fifty-two week low of $77.15 and a fifty-two week high of $102.00. The firm’s fifty day moving average price is $83.81 and its 200-day moving average price is $88.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94.

Toro (NYSE:TTC) last released 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). Toro had a net margin of 8.89% and a return on equity of 25.94%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the business earned $0.95 EPS. The business’s revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, September 30th. Toro’s payout ratio is 37.80%.

Wall Street Analyst Weigh In

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

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.