The Toro Company (NYSE:TTC) is Mairs & Power Inc.’s 7th Largest Position

Mairs & Power Inc. increased its stake in shares of The Toro Company (NYSE:TTC) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,225,547 shares of the company’s stock after purchasing an additional 18,899 shares during the period. Toro accounts for 3.3% of Mairs & Power Inc.’s investment portfolio, making the stock its 7th largest position. Mairs & Power Inc. owned about 3.09% of Toro worth $309,620,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in TTC. Quadrature Capital Ltd raised its position in shares of Toro by 512.6% in the fourth quarter. Quadrature Capital Ltd now owns 40,157 shares of the company’s stock worth $3,856,000 after buying an additional 33,602 shares in the last quarter. Kolinsky Wealth Management LLC boosted its position in shares of Toro by 47.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 4,248 shares of the company’s stock valued at $408,000 after acquiring an additional 1,360 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Toro by 250.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 459,717 shares of the company’s stock worth $44,128,000 after purchasing an additional 328,550 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Toro by 314.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 23,035 shares of the company’s stock valued at $2,211,000 after purchasing an additional 17,477 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Toro by 1.3% during the fourth quarter. California State Teachers Retirement System now owns 154,870 shares of the company’s stock valued at $14,866,000 after purchasing an additional 1,966 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Trading Down 0.6 %

NYSE TTC traded down $0.61 during trading on Wednesday, hitting $94.83. 1,523,551 shares of the company’s stock traded hands, compared to its average volume of 856,137. The stock has a fifty day moving average of $86.59 and a two-hundred day moving average of $89.65. The Toro Company has a 12-month low of $77.15 and a 12-month high of $106.68. The firm has a market cap of $9.85 billion, a P/E ratio of 37.72 and a beta of 0.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.93 and a quick ratio of 0.87.

Toro (NYSE:TTC) last issued its earnings results on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Toro had a return on equity of 25.04% and a net margin of 6.00%. Toro’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 EPS. As a group, sell-side analysts expect that The Toro Company will post 4.33 EPS for the current year.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Tuesday, June 18th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, June 18th. Toro’s payout ratio is 56.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TTC shares. DA Davidson increased their price target on shares of Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. StockNews.com downgraded Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Robert W. Baird upped their price objective on Toro from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. Finally, TheStreet upgraded Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.75.

Insider Activity at Toro

In other Toro news, Director Gary Lee Ellis sold 5,192 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.75, for a total value of $460,790.00. Following the completion of the sale, the director now owns 33,051 shares in the company, valued at approximately $2,933,276.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Gary Lee Ellis sold 5,192 shares of Toro stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.75, for a total transaction of $460,790.00. Following the sale, the director now directly owns 33,051 shares in the company, valued at $2,933,276.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Edric C. Funk sold 615 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $89.57, for a total transaction of $55,085.55. Following the sale, the vice president now directly owns 1,049 shares in the company, valued at approximately $93,958.93. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by company insiders.

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.