M&T Bank Corp Has $786,000 Holdings in The Toro Company (NYSE:TTC)

M&T Bank Corp boosted its holdings in shares of The Toro Company (NYSE:TTC) by 12.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,817 shares of the company’s stock after acquiring an additional 1,070 shares during the quarter. M&T Bank Corp’s holdings in Toro were worth $786,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Asset Planning Inc acquired a new stake in Toro during the 4th quarter worth about $31,000. Venturi Wealth Management LLC boosted its position in Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company’s stock worth $44,000 after acquiring an additional 362 shares during the period. First Horizon Advisors Inc. boosted its position in Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company’s stock worth $65,000 after acquiring an additional 285 shares during the period. PrairieView Partners LLC lifted its holdings in shares of Toro by 14.7% during the 4th quarter. PrairieView Partners LLC now owns 1,547 shares of the company’s stock valued at $123,000 after buying an additional 198 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its holdings in shares of Toro by 87.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,657 shares of the company’s stock valued at $133,000 after buying an additional 772 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Stock Down 2.8 %

TTC opened at $73.30 on Thursday. The business has a 50 day moving average price of $80.65 and a 200 day moving average price of $83.23. The Toro Company has a twelve month low of $72.18 and a twelve month high of $100.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The firm has a market cap of $7.38 billion, a P/E ratio of 18.28 and a beta of 0.70.

Toro (NYSE:TTC) last posted its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. Toro had a return on equity of 27.25% and a net margin of 9.14%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $0.71 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts forecast that The Toro Company will post 4.41 EPS for the current year.

Toro declared that its Board of Directors has approved a stock buyback program on Tuesday, December 10th that allows the company to repurchase 4,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

TTC has been the subject of several research reports. DA Davidson reduced their price target on Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com lowered Toro from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Northland Capmk upgraded Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. Raymond James reduced their price target on Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, Northland Securities upgraded Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.75.

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.