3,535 Shares in The Toro Company (NYSE:TTC) Purchased by HB Wealth Management LLC

HB Wealth Management LLC bought a new position in The Toro Company (NYSE:TTCFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,535 shares of the company’s stock, valued at approximately $283,000.

A number of other large investors have also recently bought and sold shares of TTC. UMB Bank n.a. lifted its holdings in Toro by 112.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the company’s stock worth $55,000 after acquiring an additional 333 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Toro by 850.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock valued at $74,000 after buying an additional 765 shares during the last quarter. CWM LLC raised its holdings in shares of Toro by 15.5% during the third quarter. CWM LLC now owns 1,063 shares of the company’s stock valued at $92,000 after buying an additional 143 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Toro by 534.8% during the third quarter. Blue Trust Inc. now owns 1,333 shares of the company’s stock valued at $125,000 after buying an additional 1,123 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its holdings in shares of Toro by 87.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,657 shares of the company’s stock valued at $133,000 after buying an additional 772 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James cut their price target on Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $93.75.

View Our Latest Research Report on Toro

Toro Price Performance

Shares of NYSE:TTC opened at $86.01 on Friday. The Toro Company has a 12 month low of $76.95 and a 12 month high of $100.93. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 21.45 and a beta of 0.72. The stock’s 50 day moving average price is $83.37 and its 200 day moving average price is $86.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74.

Toro (NYSE:TTCGet Free Report) last announced its earnings results on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Toro had a return on equity of 27.25% and a net margin of 9.14%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $0.71 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that The Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro announced that its Board of Directors has approved a stock buyback program on Tuesday, December 10th that permits the company to buyback 4,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 23rd were issued a dividend of $0.38 per share. This is a boost from Toro’s previous quarterly dividend of $0.36. The ex-dividend date was Monday, December 23rd. This represents a $1.52 annualized dividend and a yield of 1.77%. Toro’s payout ratio is presently 37.91%.

Toro Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toro Company (NYSE:TTCFree Report).

Institutional Ownership by Quarter for Toro (NYSE:TTC)

Receive News & Ratings for Toro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro and related companies with MarketBeat.com's FREE daily email newsletter.