The Toro Company (NYSE:TTC) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in The Toro Company (NYSE:TTC) by 12.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 360,792 shares of the company’s stock after buying an additional 39,828 shares during the quarter. ProShare Advisors LLC’s holdings in Toro were worth $33,738,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TTC. Kayne Anderson Rudnick Investment Management LLC increased its position in Toro by 1.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,766,046 shares of the company’s stock worth $445,673,000 after purchasing an additional 65,800 shares during the last quarter. Ensign Peak Advisors Inc increased its position in Toro by 41.0% during the second quarter. Ensign Peak Advisors Inc now owns 600,626 shares of the company’s stock worth $56,165,000 after purchasing an additional 174,545 shares during the last quarter. AE Wealth Management LLC increased its position in Toro by 12.6% during the second quarter. AE Wealth Management LLC now owns 2,493 shares of the company’s stock worth $233,000 after purchasing an additional 279 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Toro during the second quarter worth about $159,000. Finally, Intech Investment Management LLC increased its position in Toro by 39.5% during the second quarter. Intech Investment Management LLC now owns 18,048 shares of the company’s stock worth $1,688,000 after purchasing an additional 5,109 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Down 0.7 %

Shares of TTC stock opened at $84.90 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85. The firm has a market cap of $8.82 billion, a PE ratio of 33.56 and a beta of 0.69. The company has a 50-day moving average of $90.38 and a two-hundred day moving average of $89.31. The Toro Company has a 1-year low of $77.15 and a 1-year high of $102.00.

Toro (NYSE:TTC) last announced its 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). The company 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 company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. On average, analysts predict that The Toro Company will post 4.16 EPS for the current year.

Toro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, September 30th. Toro’s payout ratio is 56.92%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TTC. Northland Securities restated a “market perform” rating and set a $100.00 price objective on shares of Toro in a research report on Friday, September 6th. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. DA Davidson cut their price objective on shares of Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Finally, Robert W. Baird lowered their target price on shares of Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Three investment 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 stock has an average 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.