The Toro Company (NYSE:TTC) Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its holdings in The Toro Company (NYSE:TTC) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,719 shares of the company’s stock after purchasing an additional 1,053 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.55% of Toro worth $53,087,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Evoke Wealth LLC acquired a new position in shares of Toro in the 4th quarter valued at about $2,479,000. Vanguard Group Inc. boosted its stake in Toro by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 10,491,409 shares of the company’s stock valued at $1,007,070,000 after acquiring an additional 103,300 shares during the period. TD Asset Management Inc grew its holdings in shares of Toro by 334.2% during the fourth quarter. TD Asset Management Inc now owns 818,260 shares of the company’s stock valued at $78,545,000 after purchasing an additional 629,820 shares during the last quarter. Cim LLC acquired a new stake in shares of Toro during the 4th quarter worth approximately $12,882,000. Finally, Boston Trust Walden Corp lifted its holdings in shares of Toro by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 325,053 shares of the company’s stock worth $30,396,000 after purchasing an additional 9,371 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. DA Davidson lowered 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. Robert W. Baird reduced their price objective on 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 restated a “market perform” rating and set a $100.00 price objective on shares of Toro in a research note on Friday, September 6th. Finally, StockNews.com upgraded shares of 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $93.33.

Toro Stock Performance

Shares of NYSE TTC opened at $84.90 on Monday. The Toro Company has a 1 year low of $77.15 and a 1 year high of $102.00. The firm has a market cap of $8.82 billion, a P/E ratio of 33.56 and a beta of 0.69. The stock has a fifty day moving average price of $90.38 and a two-hundred day moving average price of $89.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94.

Toro (NYSE:TTC) last announced 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 net margin of 8.89% and a return on equity of 25.94%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $0.95 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts forecast that The Toro Company will post 4.16 EPS for the current fiscal year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be issued a $0.36 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.70%. Toro’s payout ratio is currently 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.