The Toro Company (NYSE:TTC) Stock Holdings Lessened by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its holdings in shares of The Toro Company (NYSE:TTC) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 322,583 shares of the company’s stock after selling 2,470 shares during the period. Boston Trust Walden Corp owned 0.31% of Toro worth $27,978,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in 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 acquiring an additional 333 shares during the period. Headlands Technologies LLC acquired a new position in Toro during the 1st quarter valued at approximately $66,000. Covestor Ltd grew its stake in Toro by 522.6% during the 1st 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. increased 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 buying an additional 765 shares during the period. Finally, Fifth Third Bancorp lifted 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 buying an additional 166 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Stock Down 0.5 %

Toro stock opened at $81.70 on Friday. The Toro Company has a 52 week low of $77.15 and a 52 week high of $102.00. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 32.29 and a beta of 0.68. The company’s 50-day moving average price is $85.95 and its two-hundred day moving average price is $88.49. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC) last posted 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 company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.26 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. Toro’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. On average, analysts expect that The Toro Company will post 4.16 EPS for the current fiscal year.

Toro Dividend Announcement

The company 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. The ex-dividend date was Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 1.76%. Toro’s dividend payout ratio is currently 56.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TTC shares. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Robert W. Baird decreased their target price 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. DA Davidson cut their price target on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Finally, Northland Securities reiterated a “market perform” rating and set a $100.00 price objective on shares of Toro 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $93.33.

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.