DekaBank Deutsche Girozentrale Has $1.07 Million Stock Holdings in The Toro Company (NYSE:TTC)

DekaBank Deutsche Girozentrale raised its position in The Toro Company (NYSE:TTC) by 6.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 11,660 shares of the company’s stock after purchasing an additional 736 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Toro were worth $1,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in Toro by 9,500.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,744 shares of the company’s stock worth $359,000 after purchasing an additional 3,705 shares during the period. Principal Securities Inc. acquired a new position in shares of Toro in the 4th quarter valued at $66,000. Janney Montgomery Scott LLC lifted its holdings in shares of Toro by 3.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,099 shares of the company’s stock worth $777,000 after acquiring an additional 257 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Toro by 60.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,418 shares of the company’s stock valued at $136,000 after acquiring an additional 534 shares in the last quarter. Finally, Norges Bank bought a new stake in Toro in the fourth quarter valued at about $103,785,000. Institutional investors own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. 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. StockNews.com raised Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Northland Securities reiterated a “market perform” rating and issued a $100.00 price target on shares of Toro in a research report on Friday, September 6th. Finally, Robert W. Baird reduced their target price on shares of Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $93.33.

Toro Stock Up 0.1 %

Shares of TTC opened at $85.50 on Friday. The company has a market capitalization of $8.77 billion, a P/E ratio of 33.79 and a beta of 0.69. The Toro Company has a one year low of $77.15 and a one year high of $102.00. The business’s 50 day simple moving average is $90.52 and its 200-day simple moving average is $89.43. 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 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). Toro had a return on equity of 25.94% and a net margin of 8.89%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $0.95 EPS. Toro’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Toro Company will post 4.16 EPS for the current fiscal year.

Toro Dividend Announcement

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 given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, September 30th. Toro’s payout ratio is presently 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.