Atria Investments Inc Increases Stock Holdings in The Toro Company (NYSE:TTC)

Atria Investments Inc increased its holdings in shares of The Toro Company (NYSE:TTC) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,736 shares of the company’s stock after buying an additional 710 shares during the period. Atria Investments Inc’s holdings in Toro were worth $1,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in Toro by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 28,680 shares of the company’s stock valued at $2,682,000 after purchasing an additional 110 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Toro by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 46,925 shares of the company’s stock valued at $4,405,000 after purchasing an additional 123 shares during the last quarter. Toronto Dominion Bank raised its stake in Toro by 1.4% in the 2nd quarter. Toronto Dominion Bank now owns 10,060 shares of the company’s stock valued at $941,000 after purchasing an additional 136 shares during the last quarter. CWM LLC raised its stake in Toro by 15.5% in the 3rd quarter. CWM LLC now owns 1,063 shares of the company’s stock valued at $92,000 after purchasing an additional 143 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC raised its stake in Toro by 1.0% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 15,201 shares of the company’s stock valued at $1,318,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Stock Down 0.7 %

Shares of TTC opened at $82.10 on Friday. The Toro Company has a 52-week low of $77.15 and a 52-week high of $102.00. The company has a market capitalization of $8.42 billion, a PE ratio of 21.55 and a beta of 0.69. The stock has a fifty day simple moving average of $83.88 and a two-hundred day simple moving average of $88.22. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59.

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

Toro Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. DA Davidson reduced their price objective on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. Robert W. Baird reduced their price objective on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Northland Securities reaffirmed a “market perform” rating and issued a $100.00 target price on shares of Toro in a research note on Friday, September 6th. Finally, StockNews.com raised Toro from a “hold” rating to a “buy” rating in a research note 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $93.33.

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.