XTX Topco Ltd Purchases New Holdings in The Toro Company (NYSE:TTC)

XTX Topco Ltd acquired a new position in The Toro Company (NYSE:TTC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,300 shares of the company’s stock, valued at approximately $1,711,000.

Several other large investors have also modified their holdings of TTC. Arizona State Retirement System grew its holdings in Toro by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 28,680 shares of the company’s stock worth $2,682,000 after acquiring an additional 110 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Toro by 0.3% during the second quarter. Nisa Investment Advisors LLC now owns 46,925 shares of the company’s stock valued at $4,405,000 after purchasing an additional 123 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Toro by 3.5% during the first quarter. Assenagon Asset Management S.A. now owns 4,270 shares of the company’s stock valued at $391,000 after buying an additional 146 shares during the period. Fifth Third Bancorp increased its holdings in Toro by 22.4% during the second quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock valued at $85,000 after buying an additional 166 shares during the period. Finally, UMB Bank n.a. raised its stake in Toro by 1,204.8% in the first quarter. UMB Bank n.a. now owns 274 shares of the company’s stock worth $25,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Stock Up 0.1 %

Toro stock opened at $85.50 on Friday. The business has a fifty day moving average price of $90.52 and a 200-day moving average price of $89.43. The Toro Company has a 1-year low of $77.15 and a 1-year high of $102.00. The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of 33.79 and a beta of 0.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85.

Toro (NYSE:TTC) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.26 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. Equities research analysts forecast that The Toro Company will post 4.16 EPS for the current fiscal year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Monday, September 30th. Toro’s dividend payout ratio (DPR) is presently 56.92%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TTC. DA Davidson cut their price target on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Robert W. Baird decreased their price target 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. Finally, Northland Securities restated a “market perform” rating and issued a $100.00 price target on shares of Toro in a report on Friday, September 6th. Three equities research 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 a consensus rating of “Hold” and a consensus 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.