Quest Partners LLC Increases Stock Holdings in The Toro Company (NYSE:TTC)

Quest Partners LLC boosted its stake in shares of The Toro Company (NYSE:TTC) by 62,750.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,771 shares of the company’s stock after buying an additional 3,765 shares during the quarter. Quest Partners LLC’s holdings in Toro were worth $327,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TTC. Lazard Asset Management LLC purchased a new position in Toro during the first quarter worth about $328,000. BOKF NA boosted its stake in Toro by 4.5% during the first quarter. BOKF NA now owns 10,392 shares of the company’s stock worth $922,000 after buying an additional 451 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Toro by 28.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,096 shares of the company’s stock worth $284,000 after buying an additional 679 shares during the period. Motley Fool Asset Management LLC purchased a new position in Toro during the first quarter worth about $733,000. Finally, Tidal Investments LLC boosted its stake in Toro by 19.1% during the first quarter. Tidal Investments LLC now owns 10,671 shares of the company’s stock worth $978,000 after buying an additional 1,709 shares during the period. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TTC shares. StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Northland Securities reissued a “market perform” rating and set a $100.00 price target on shares of Toro in a research report on Friday, September 6th. DA Davidson reduced their price target on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Finally, Robert W. Baird reduced their price target on shares of Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $93.33.

Toro Stock Up 2.5 %

Shares of NYSE:TTC opened at $87.28 on Tuesday. The firm’s 50 day moving average price is $83.85 and its 200 day moving average price is $87.94. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 22.91 and a beta of 0.69. The Toro Company has a fifty-two week low of $77.15 and a fifty-two week high of $102.00. 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 announced its quarterly 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 company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. As a group, equities research analysts predict that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 1.65%. Toro’s dividend payout ratio is currently 37.80%.

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.