Diversified Trust Co Raises Stock Position in The Toro Company (NYSE:TTC)

Diversified Trust Co boosted its position in shares of The Toro Company (NYSE:TTC) by 80.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,248 shares of the company’s stock after acquiring an additional 6,371 shares during the period. Diversified Trust Co’s holdings in Toro were worth $1,236,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TTC. Price T Rowe Associates Inc. MD grew its stake in Toro by 25.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,653,109 shares of the company’s stock valued at $609,626,000 after acquiring an additional 1,332,248 shares in the last quarter. Wellington Management Group LLP grew its stake in Toro by 73.8% during the fourth quarter. Wellington Management Group LLP now owns 1,845,724 shares of the company’s stock valued at $177,171,000 after acquiring an additional 783,794 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Toro by 37,332.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 470,901 shares of the company’s stock worth $44,034,000 after buying an additional 469,643 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Toro by 682.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 482,139 shares of the company’s stock worth $45,085,000 after buying an additional 420,539 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Toro by 11,970.3% in the 2nd quarter. Millennium Management LLC now owns 393,008 shares of the company’s stock worth $36,750,000 after buying an additional 389,752 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird cut their price target on shares of Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Northland Securities reissued a “market perform” rating and issued a $100.00 price target on shares of Toro in a research note on Friday, September 6th. Finally, DA Davidson cut their price target on shares of Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Toro currently has an average rating of “Hold” and a consensus price target of $93.33.

Toro Trading Up 1.1 %

Shares of TTC opened at $84.47 on Wednesday. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 33.39 and a beta of 0.68. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94. The Toro Company has a fifty-two week low of $77.15 and a fifty-two week high of $102.00. The firm has a 50 day moving average price of $87.75 and a 200-day moving average price of $89.01.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, September 5th. The company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.26 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, equities research analysts forecast that The Toro Company will post 4.16 earnings per share for the current year.

Toro Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 1.70%. Toro’s dividend payout ratio (DPR) 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.