SkyView Investment Advisors LLC Acquires 803 Shares of The Toro Company (NYSE:TTC)

SkyView Investment Advisors LLC grew its stake in shares of The Toro Company (NYSE:TTC) by 8.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,870 shares of the company’s stock after buying an additional 803 shares during the period. SkyView Investment Advisors LLC’s holdings in Toro were worth $923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Toro by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 10,491,409 shares of the company’s stock worth $1,007,070,000 after acquiring an additional 103,300 shares in the last quarter. Cim LLC bought a new position in Toro during the fourth quarter valued at $12,882,000. Boston Trust Walden Corp grew its stake 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 buying an additional 9,371 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of Toro by 5,261.3% in the 4th quarter. Bank of Nova Scotia now owns 132,209 shares of the company’s stock worth $12,690,000 after buying an additional 129,743 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of 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 buying an additional 11,661 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TTC shares. StockNews.com raised Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Robert W. Baird cut their target price on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. DA Davidson decreased 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. Finally, Northland Securities reaffirmed a “market perform” rating and set a $100.00 price objective on shares of Toro in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Toro currently has an average rating of “Hold” and an average price target of $93.33.

Toro Stock Up 0.0 %

Shares of Toro stock opened at $86.65 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The company has a market cap of $8.89 billion, a P/E ratio of 34.25 and a beta of 0.69. The firm’s 50 day moving average price is $89.25 and its 200-day moving average price is $89.21. The Toro Company has a 52-week low of $77.15 and a 52-week high of $102.00.

Toro (NYSE:TTC) last released its earnings results on Thursday, September 5th. The company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). Toro had a return on equity of 25.94% and a net margin of 8.89%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $0.95 earnings per share. The firm’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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Monday, September 30th. Toro’s payout ratio is presently 56.92%.

Toro Company 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.