Cwm LLC Has $92,000 Stock Holdings in The Toro Company (NYSE:TTC)

Cwm LLC grew its position in The Toro Company (NYSE:TTC) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,063 shares of the company’s stock after purchasing an additional 143 shares during the period. Cwm LLC’s holdings in Toro were worth $92,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Trust Walden Corp increased its holdings in Toro by 3.0% during the second quarter. Boston Trust Walden Corp now owns 325,053 shares of the company’s stock worth $30,396,000 after buying an additional 9,371 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Toro by 27.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 54,458 shares of the company’s stock worth $4,990,000 after buying an additional 11,661 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Toro by 4.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 141,730 shares of the company’s stock worth $12,987,000 after buying an additional 6,350 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in Toro by 20.2% during the first quarter. Kennedy Capital Management LLC now owns 138,568 shares of the company’s stock worth $12,697,000 after buying an additional 23,270 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in Toro by 19.6% during the first quarter. Gabelli Funds LLC now owns 55,000 shares of the company’s stock worth $5,040,000 after buying an additional 9,000 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TTC. Robert W. Baird cut 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. Northland Securities reiterated a “market perform” rating and set a $100.00 target price 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. Finally, DA Davidson cut their target price 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. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $93.33.

Toro Price Performance

TTC stock opened at $81.70 on Friday. The firm has a 50 day moving average of $85.95 and a 200-day moving average of $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. The Toro Company has a 12 month low of $77.15 and a 12 month high of $102.00. The firm has a market capitalization of $8.49 billion, a P/E ratio of 32.29 and a beta of 0.68.

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

Toro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Monday, September 30th. Toro’s dividend payout ratio is currently 56.92%.

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.