The Toro Company (NYSE:TTC) Shares Bought by Claro Advisors LLC

Claro Advisors LLC grew its position in shares of The Toro Company (NYSE:TTC) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,313 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Claro Advisors LLC’s holdings in Toro were worth $634,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TTC. Allspring Global Investments Holdings LLC increased its position in shares of Toro by 350.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,258 shares of the company’s stock valued at $115,000 after purchasing an additional 979 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Toro by 27.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 54,458 shares of the company’s stock worth $4,990,000 after acquiring an additional 11,661 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Toro by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,565,128 shares of the company’s stock worth $968,083,000 after acquiring an additional 73,719 shares during the last quarter. Cynosure Group LLC acquired a new position in shares of Toro in the 1st quarter worth $321,000. Finally, Covestor Ltd grew its holdings in shares of Toro by 522.6% in the 1st quarter. Covestor Ltd now owns 716 shares of the company’s stock worth $66,000 after acquiring an additional 601 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Down 1.4 %

Shares of TTC opened at $80.96 on Monday. The Toro Company has a 1 year low of $77.15 and a 1 year high of $102.00. 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 stock has a 50 day simple moving average of $83.87 and a 200-day simple moving average of $88.13. The stock has a market cap of $8.31 billion, a PE ratio of 21.25 and a beta of 0.69.

Toro (NYSE:TTC) last released its quarterly 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). Toro had a net margin of 8.89% and a return on equity of 25.94%. The business 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 business earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that The Toro Company will post 4.16 EPS for the current fiscal 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 given a $0.36 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.78%. Toro’s dividend payout ratio is currently 37.80%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TTC shares. Robert W. Baird decreased their target price on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. DA Davidson decreased their target price on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Northland Securities restated a “market perform” rating and issued a $100.00 target price on shares of Toro in a report on Friday, September 6th. Finally, StockNews.com raised Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Toro has an average rating of “Hold” and an average 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.