The Toro Company (NYSE:TTC) Shares Sold by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV cut its position in shares of The Toro Company (NYSE:TTC) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,652 shares of the company’s stock after selling 5,539 shares during the period. Toro makes up 2.5% of Pensioenfonds Rail & OV’s holdings, making the stock its 28th biggest holding. Pensioenfonds Rail & OV owned 0.34% of Toro worth $33,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Toro by 1,204.8% during the 1st quarter. UMB Bank n.a. now owns 274 shares of the company’s stock valued at $25,000 after buying an additional 253 shares during the period. Rise Advisors LLC raised its position in Toro by 2,057.1% in the first quarter. Rise Advisors LLC now owns 302 shares of the company’s stock valued at $28,000 after purchasing an additional 288 shares during the period. Covestor Ltd raised its position in Toro by 522.6% in the first quarter. Covestor Ltd now owns 716 shares of the company’s stock valued at $66,000 after purchasing an additional 601 shares during the period. Headlands Technologies LLC acquired a new position in shares of Toro in the 1st quarter valued at $66,000. Finally, Riverview Trust Co purchased a new position in shares of Toro during the 1st quarter worth $72,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Down 0.8 %

NYSE:TTC opened at $86.05 on Wednesday. The stock has a fifty day moving average price of $89.05 and a 200 day moving average price of $89.20. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The Toro Company has a 12-month low of $77.15 and a 12-month high of $102.00. The firm has a market cap of $8.83 billion, a PE ratio of 34.01 and a beta of 0.69.

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). Toro had a return on equity of 25.94% and a net margin of 8.89%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be issued a $0.36 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.67%. Toro’s payout ratio is 56.92%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TTC. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. DA Davidson lowered 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. Northland Securities reissued a “market perform” rating and issued a $100.00 target price on shares of Toro in a research report on Friday, September 6th. Finally, Robert W. Baird lowered their price target on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.