MBB Public Markets I LLC Purchases Shares of 7,181 The Toro Company (NYSE:TTC)

MBB Public Markets I LLC bought a new stake in The Toro Company (NYSE:TTC) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 7,181 shares of the company’s stock, valued at approximately $671,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of 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. Cim LLC purchased a new stake in shares of Toro during the fourth quarter worth approximately $12,882,000. Boston Trust Walden Corp increased its stake in Toro by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 325,053 shares of the company’s stock valued at $30,396,000 after buying an additional 9,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Toro by 27.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 54,458 shares of the company’s stock worth $4,990,000 after acquiring an additional 11,661 shares during the period. Finally, Mairs & Power Inc. raised its stake in shares of Toro by 0.6% during the 4th quarter. Mairs & Power Inc. now owns 3,225,547 shares of the company’s stock worth $309,620,000 after buying an additional 18,899 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TTC shares. 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 report on Monday, September 9th. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. Northland Securities reissued a “market perform” rating and set a $100.00 price objective on shares of Toro in a research note on Friday, September 6th. Finally, Robert W. Baird cut their price target on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, September 6th. 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 MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.33.

Toro Stock Performance

Shares of TTC stock opened at $86.05 on Wednesday. The Toro Company has a 52 week low of $77.15 and a 52 week high of $102.00. The company has a market cap of $8.83 billion, a PE ratio of 34.01 and a beta of 0.69. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $89.05 and its 200-day simple moving average is $89.20.

Toro (NYSE:TTC) last released its quarterly earnings results 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 company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 EPS. As a group, equities research analysts anticipate that The Toro Company will post 4.16 EPS for the current year.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, September 30th. Toro’s dividend payout ratio (DPR) is 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.