Crossmark Global Holdings Inc. Has $674,000 Stake in The Toro Company (NYSE:TTC)

Crossmark Global Holdings Inc. grew its stake in The Toro Company (NYSE:TTC) by 11.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,776 shares of the company’s stock after buying an additional 789 shares during the period. Crossmark Global Holdings Inc.’s holdings in Toro were worth $674,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. UMB Bank n.a. boosted its position in Toro by 112.1% during the third quarter. UMB Bank n.a. now owns 630 shares of the company’s stock worth $55,000 after purchasing an additional 333 shares during the period. Covestor Ltd lifted its stake in shares of Toro by 522.6% in the first quarter. Covestor Ltd now owns 716 shares of the company’s stock worth $66,000 after buying an additional 601 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Toro during the 1st quarter worth $66,000. Whittier Trust Co. of Nevada Inc. grew its stake in Toro by 850.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock valued at $74,000 after buying an additional 765 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Toro by 22.4% in the 2nd 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. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTC. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. Northland Securities reaffirmed a “market perform” rating and issued a $100.00 target price on shares of Toro in a report on Friday, September 6th. DA Davidson cut their price target on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Finally, Robert W. Baird lowered their price objective 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Toro presently has an average rating of “Hold” and a consensus target price of $93.33.

Toro Trading Down 1.4 %

Shares of TTC opened at $80.95 on Friday. The stock’s 50-day moving average price is $83.87 and its 200 day moving average price is $88.13. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The Toro Company has a 12-month low of $77.15 and a 12-month high of $102.00. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 21.25 and a beta of 0.69.

Toro (NYSE:TTC) last issued its earnings results on Thursday, September 5th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate 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 last year, the business earned $0.95 earnings per share. As a group, research analysts predict that The Toro Company will post 4.16 earnings per share for the current year.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Monday, September 30th. Toro’s dividend payout ratio is 37.80%.

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.