The Toro Company (NYSE:TTC) Shares Acquired by Running Oak Capital LLC

Running Oak Capital LLC increased its stake in shares of The Toro Company (NYSE:TTC) by 16.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 98,968 shares of the company’s stock after purchasing an additional 13,697 shares during the quarter. Running Oak Capital LLC’s holdings in Toro were worth $9,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in Toro during the 4th quarter worth $26,000. VisionPoint Advisory Group LLC raised its stake in Toro by 135.9% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock worth $25,000 after acquiring an additional 174 shares in the last quarter. Rise Advisors LLC raised its stake in Toro by 2,057.1% during the 1st quarter. Rise Advisors LLC now owns 302 shares of the company’s stock worth $28,000 after acquiring an additional 288 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Toro during the 3rd quarter worth $25,000. Finally, GAMMA Investing LLC acquired a new position in Toro in the fourth quarter valued at $42,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on TTC shares. StockNews.com lowered shares of Toro from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Robert W. Baird lifted their price objective on shares of Toro from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. Finally, DA Davidson lifted their price objective on shares of Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $98.75.

Toro Stock Performance

Shares of NYSE:TTC traded down $0.23 during midday trading on Friday, hitting $95.52. The stock had a trading volume of 1,624,650 shares, compared to its average volume of 1,416,812. The company has a market capitalization of $9.92 billion, a PE ratio of 37.76 and a beta of 0.67. The stock has a 50 day moving average price of $88.08 and a two-hundred day moving average price of $90.31. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61. The Toro Company has a 1 year low of $77.15 and a 1 year high of $106.68.

Toro (NYSE:TTC) last issued its earnings results on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Toro had a net margin of 6.00% and a return on equity of 25.04%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. As a group, equities analysts predict that The Toro Company will post 4.33 earnings per share for the current fiscal year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, June 18th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Tuesday, June 18th. Toro’s dividend 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.