The Toro Company (NYSE:TTC) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC boosted its stake in shares of The Toro Company (NYSE:TTC) by 55.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,354 shares of the company’s stock after purchasing an additional 482 shares during the quarter. V Square Quantitative Management LLC’s holdings in Toro were worth $130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Toro during the 3rd quarter valued at approximately $25,000. VisionPoint Advisory Group LLC boosted its position in Toro by 135.9% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock valued at $25,000 after purchasing an additional 174 shares during the period. Fortitude Family Office LLC acquired a new position in Toro during the 4th quarter valued at approximately $26,000. GAMMA Investing LLC acquired a new position in Toro during the 4th quarter valued at approximately $42,000. Finally, Fifth Third Bancorp raised its stake in Toro by 30.2% during the 4th quarter. Fifth Third Bancorp now owns 621 shares of the company’s stock valued at $60,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

TTC has been the topic of several recent analyst reports. DA Davidson lifted their target price on Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. StockNews.com downgraded Toro from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Robert W. Baird lifted their target price on Toro from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $98.75.

Toro Stock Down 0.1 %

TTC opened at $96.52 on Tuesday. The Toro Company has a one year low of $77.15 and a one year high of $106.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.87 and a current ratio of 1.93. The stock’s fifty day moving average is $87.29 and its 200-day moving average is $90.01. The company has a market capitalization of $10.03 billion, a PE ratio of 38.15 and a beta of 0.67.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, June 6th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Toro had a return on equity of 25.04% and a net margin of 6.00%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $1.58 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts predict that The Toro Company will post 4.33 EPS for the current fiscal year.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, June 18th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, June 18th. Toro’s dividend payout ratio is presently 56.92%.

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.