US Bancorp DE Lowers Position in The Toro Company (NYSE:TTC)

US Bancorp DE reduced its stake in The Toro Company (NYSE:TTC) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 774,789 shares of the company’s stock after selling 5,107 shares during the period. US Bancorp DE owned approximately 0.75% of Toro worth $67,197,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Boston Trust Walden Corp raised its stake in shares of Toro by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 325,053 shares of the company’s stock valued at $30,396,000 after acquiring an additional 9,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Toro by 27.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 54,458 shares of the company’s stock worth $4,990,000 after purchasing an additional 11,661 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Toro by 4.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 141,730 shares of the company’s stock worth $12,987,000 after purchasing an additional 6,350 shares in the last quarter. Kennedy Capital Management LLC boosted its position in shares of Toro by 20.2% during the first quarter. Kennedy Capital Management LLC now owns 138,568 shares of the company’s stock worth $12,697,000 after buying an additional 23,270 shares during the period. Finally, Gabelli Funds LLC grew its stake in shares of Toro by 19.6% in the first quarter. Gabelli Funds LLC now owns 55,000 shares of the company’s stock valued at $5,040,000 after buying an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Robert W. Baird lowered their target price on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a 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. Northland Securities reiterated a “market perform” rating and set a $100.00 target price on shares of Toro in a report on Friday, September 6th. Finally, DA Davidson dropped their price target 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. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.33.

Toro Stock Performance

Shares of Toro stock opened at $80.48 on Friday. The business has a 50-day simple moving average of $85.43 and a 200-day simple moving average of $88.39. The company has a market cap of $8.26 billion, a PE ratio of 21.12 and a beta of 0.68. The Toro Company has a one year low of $77.15 and a one year high of $102.00. 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 announced its quarterly earnings data on Thursday, September 5th. The company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. On average, equities research analysts forecast that The Toro Company will post 4.16 EPS for the current fiscal year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Monday, September 30th. Toro’s payout ratio is 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.