GSA Capital Partners LLP Purchases Shares of 13,662 The Toro Company (NYSE:TTC)

GSA Capital Partners LLP purchased a new stake in shares of The Toro Company (NYSE:TTC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,662 shares of the company's stock, valued at approximately $1,185,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Toro by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,565,128 shares of the company's stock worth $968,083,000 after purchasing an additional 73,719 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Toro by 25.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,653,109 shares of the company's stock worth $609,626,000 after buying an additional 1,332,248 shares during the last quarter. Select Equity Group L.P. boosted its holdings in Toro by 1.6% during the second quarter. Select Equity Group L.P. now owns 5,519,407 shares of the company's stock worth $516,120,000 after buying an additional 88,536 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Toro by 1.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,766,046 shares of the company's stock worth $445,673,000 after buying an additional 65,800 shares during the period. Finally, Champlain Investment Partners LLC increased its stake in shares of Toro by 11.5% in the 1st quarter. Champlain Investment Partners LLC now owns 2,725,651 shares of the company's stock valued at $249,751,000 after acquiring an additional 280,855 shares during the last quarter. Institutional investors own 87.95% of the company's stock.

Toro Stock Down 1.4 %

NYSE TTC traded down $1.15 on Friday, reaching $80.95. The company had a trading volume of 526,523 shares, compared to its average volume of 871,382. The company's fifty day moving average is $83.87 and its 200-day moving average is $88.13. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 21.25 and a beta of 0.69. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94. The Toro Company has a 1-year low of $77.15 and a 1-year high of $102.00.

Toro (NYSE:TTC - Get Free Report) last posted 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 firm had revenue of $1.16 billion for 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 earnings per share. On average, research analysts forecast that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Dividend Announcement

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

Wall Street Analyst Weigh In

TTC has been the subject of a number of 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 restated a "market perform" rating and issued a $100.00 price objective on shares of Toro in a research report on Friday, September 6th. DA Davidson reduced their target price on Toro from $103.00 to $88.00 and set a "neutral" rating on the stock in a report on Monday, September 9th. Finally, Robert W. Baird decreased their target price on Toro from $102.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $93.33.

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.