The Toro Company (NYSE:TTC) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its holdings in shares of The Toro Company (NYSE:TTC) by 3.2% in the third quarter, Holdings Channel reports. The firm owned 22,736 shares of the company’s stock after buying an additional 710 shares during the period. Atria Investments Inc’s holdings in Toro were worth $1,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Trust Walden Corp boosted its holdings in Toro by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 325,053 shares of the company’s stock valued at $30,396,000 after acquiring an additional 9,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Toro by 27.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 54,458 shares of the company’s stock valued at $4,990,000 after acquiring an additional 11,661 shares during the period. Kennedy Capital Management LLC boosted its holdings in Toro by 20.2% during the 1st quarter. Kennedy Capital Management LLC now owns 138,568 shares of the company’s stock valued at $12,697,000 after acquiring an additional 23,270 shares during the period. Gabelli Funds LLC boosted its holdings in Toro by 19.6% during the 1st quarter. Gabelli Funds LLC now owns 55,000 shares of the company’s stock valued at $5,040,000 after acquiring an additional 9,000 shares during the period. Finally, Raymond James & Associates boosted its holdings in Toro by 5.7% during the 3rd quarter. Raymond James & Associates now owns 278,700 shares of the company’s stock valued at $24,172,000 after acquiring an additional 14,950 shares during the period. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Stock Performance

Shares of TTC opened at $82.10 on Friday. The stock has a 50-day simple moving average of $83.88 and a 200-day simple moving average of $88.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94. The stock has a market capitalization of $8.42 billion, a PE ratio of 21.55 and a beta of 0.69. The Toro Company has a 1 year low of $77.15 and a 1 year high of $102.00.

Toro (NYSE:TTC) last issued 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). Toro had a return on equity of 25.94% and a net margin of 8.89%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business posted $0.95 EPS. Toro’s revenue was up 6.9% on a year-over-year basis. On average, analysts predict that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, September 30th. Toro’s dividend payout ratio (DPR) is presently 37.80%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. 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 decreased their price objective on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. DA Davidson decreased their price objective on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. Finally, StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.