The Toro Company (NYSE:TTC) Shares Sold by FORA Capital LLC

FORA Capital LLC cut its position in The Toro Company (NYSE:TTC) by 44.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,003 shares of the company’s stock after selling 2,388 shares during the period. FORA Capital LLC’s holdings in Toro were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TTC. UMB Bank n.a. increased its holdings in shares of Toro by 112.1% in the third 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 period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Toro by 850.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock valued at $74,000 after purchasing an additional 765 shares during the period. Fifth Third Bancorp increased its holdings in shares of 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 purchasing an additional 166 shares during the period. CWM LLC increased its holdings in shares of Toro by 15.5% in the third quarter. CWM LLC now owns 1,063 shares of the company’s stock valued at $92,000 after purchasing an additional 143 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of Toro in the second quarter valued at about $94,000. 87.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TTC shares. DA Davidson cut their price objective on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. 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. StockNews.com raised Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. Finally, Robert W. Baird dropped their target price on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Toro has an average rating of “Hold” and an average price target of $93.33.

Toro Stock Up 0.2 %

Toro stock opened at $87.08 on Friday. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 22.86 and a beta of 0.69. The business’s 50-day moving average price is $84.00 and its 200 day moving average price is $87.90. 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 Toro Company has a 52 week low of $77.15 and a 52 week high of $102.00.

Toro (NYSE:TTC) last issued 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). The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 EPS. As a group, sell-side analysts anticipate 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 was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a dividend of $0.36 per share. The ex-dividend date was Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.65%. Toro’s dividend payout ratio is currently 37.80%.

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.