Edgestream Partners L.P. Has $2.28 Million Position in The Toro Company (NYSE:TTC)

Edgestream Partners L.P. grew its stake in shares of The Toro Company (NYSE:TTC) by 28.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,331 shares of the company’s stock after buying an additional 5,806 shares during the period. Edgestream Partners L.P.’s holdings in Toro were worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of 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. Whittier Trust Co. of Nevada Inc. increased its stake in Toro by 850.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock worth $74,000 after purchasing an additional 765 shares in the last quarter. Fifth Third Bancorp raised its holdings in Toro by 22.4% during the 2nd quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock worth $85,000 after buying an additional 166 shares during the period. CWM LLC lifted its stake in Toro by 15.5% in the third quarter. CWM LLC now owns 1,063 shares of the company’s stock valued at $92,000 after buying an additional 143 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Toro in the second quarter valued at approximately $94,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Wall Street Analyst Weigh In

TTC has been the topic of a number of research analyst reports. 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 set a $100.00 price objective on shares of Toro in a research report on Friday, September 6th. Robert W. Baird dropped their target price on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Finally, DA Davidson reduced their price target on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research report 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.com, Toro currently has an average rating of “Hold” and a consensus target price of $93.33.

Toro Trading Down 0.7 %

Toro stock opened at $86.47 on Tuesday. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 22.70 and a beta of 0.70. The firm has a 50-day moving average of $84.01 and a 200-day moving average of $87.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85. The Toro Company has a one year low of $77.15 and a one year high of $102.00.

Toro (NYSE:TTC) last issued 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 for the quarter, compared to analyst estimates 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 period last year, the company posted $0.95 earnings per share. On average, equities analysts expect that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Dividend Announcement

The company 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. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, September 30th. Toro’s dividend payout ratio is currently 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.