Empowered Funds LLC Has $205,000 Stock Holdings in The Toro Company (NYSE:TTC)

Empowered Funds LLC boosted its stake in The Toro Company (NYSE:TTC) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,366 shares of the company’s stock after buying an additional 156 shares during the quarter. Empowered Funds LLC’s holdings in Toro were worth $205,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TTC. Select Equity Group L.P. raised its holdings in shares of Toro by 1.6% during the second quarter. Select Equity Group L.P. now owns 5,519,407 shares of the company’s stock worth $516,120,000 after acquiring an additional 88,536 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Toro by 1.4% in the 2nd 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. Dimensional Fund Advisors LP raised its stake in shares of Toro by 13.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 901,346 shares of the company’s stock worth $84,279,000 after purchasing an additional 110,330 shares in the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of Toro by 41.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 600,626 shares of the company’s stock valued at $56,165,000 after buying an additional 174,545 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Toro by 682.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 482,139 shares of the company’s stock valued at $45,085,000 after buying an additional 420,539 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Trading Down 1.2 %

TTC stock opened at $86.18 on Wednesday. The company has a market cap of $8.84 billion, a P/E ratio of 22.62 and a beta of 0.69. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The Toro Company has a twelve month low of $77.15 and a twelve month high of $102.00. The business has a fifty day moving average of $83.90 and a 200-day moving average of $87.93.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, September 5th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.26 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 earnings per share. As a group, equities research analysts expect that The Toro Company will post 4.16 EPS for the current year.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Monday, September 30th. Toro’s dividend payout ratio (DPR) is presently 37.80%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTC. DA Davidson cut their price objective on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Northland Securities restated a “market perform” rating and set a $100.00 target price on shares of Toro in a report on Friday, September 6th. Robert W. Baird reduced their price objective 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. Finally, StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Toro has an average rating of “Hold” and an average target price of $93.33.

About Toro

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.