13,662 Shares in The Toro Company (NYSE:TTC) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in shares of The Toro Company (NYSE:TTC) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 13,662 shares of the company’s stock, valued at approximately $1,185,000.

Several other large investors have also made changes to their positions in the business. UMB Bank n.a. lifted its position in Toro by 112.1% during the third quarter. UMB Bank n.a. now owns 630 shares of the company’s stock valued at $55,000 after purchasing an additional 333 shares during the period. Headlands Technologies LLC purchased a new position in shares of Toro during the 1st quarter valued at about $66,000. Covestor Ltd lifted its holdings in shares of Toro by 522.6% in the 1st quarter. Covestor Ltd now owns 716 shares of the company’s stock valued at $66,000 after buying an additional 601 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Toro by 850.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock worth $74,000 after buying an additional 765 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Toro by 22.4% during the second quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock worth $85,000 after acquiring an additional 166 shares during the period. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Trading Down 0.7 %

Shares of NYSE:TTC opened at $82.10 on Friday. The business’s 50 day moving average price is $83.88 and its 200-day moving average price is $88.22. The Toro Company has a 1 year low of $77.15 and a 1 year high of $102.00. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 21.55 and a beta of 0.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85.

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

Toro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.75%. Toro’s payout ratio is currently 37.80%.

Wall Street Analysts Forecast Growth

TTC has been the subject of a number of analyst reports. Robert W. Baird decreased 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. Northland Securities reiterated a “market perform” rating and issued a $100.00 target price on shares of Toro in a research note on Friday, September 6th. DA Davidson lowered their price target on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Finally, StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. Three investment 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, Toro presently has an average rating of “Hold” and a consensus price target of $93.33.

About Toro

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.