Quarry LP Buys New Holdings in The Toro Company (NYSE:TTC)

Quarry LP bought a new stake in The Toro Company (NYSE:TTC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,790 shares of the company’s stock, valued at approximately $167,000.

A number of other large investors have also recently bought and sold shares of TTC. UMB Bank n.a. boosted its position in Toro by 1,204.8% in the first quarter. UMB Bank n.a. now owns 274 shares of the company’s stock valued at $25,000 after buying an additional 253 shares during the last quarter. Rise Advisors LLC boosted its position in Toro by 2,057.1% in the first quarter. Rise Advisors LLC now owns 302 shares of the company’s stock valued at $28,000 after buying an additional 288 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Toro in the first quarter valued at approximately $66,000. Covestor Ltd boosted its position in Toro by 522.6% in the first quarter. Covestor Ltd now owns 716 shares of the company’s stock valued at $66,000 after buying an additional 601 shares during the last quarter. Finally, Riverview Trust Co purchased a new stake in Toro in the first quarter valued at approximately $72,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Trading Up 0.0 %

Shares of TTC stock opened at $86.68 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 34.26 and a beta of 0.69. The stock has a 50 day simple moving average of $89.25 and a 200-day simple moving average of $89.22. The Toro Company has a 1-year low of $77.15 and a 1-year high of $102.00.

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). The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.26 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. On average, equities research analysts expect that The Toro Company will post 4.16 EPS for the current fiscal year.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, September 30th. Toro’s payout ratio is 56.92%.

Analyst Ratings Changes

Several equities research analysts have commented on TTC shares. Northland Securities restated a “market perform” rating and issued a $100.00 price objective on shares of Toro in a research report on Friday, September 6th. DA Davidson lowered their price objective on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Robert W. Baird lowered their price objective on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Finally, StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Three research analysts have rated the stock with 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 a consensus rating of “Hold” and a consensus price target of $93.33.

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.