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Amalgamated Bank Lowers Stock Position in The Toro Company (NYSE:TTC)

Toro logo with Consumer Discretionary background

Amalgamated Bank reduced its position in shares of The Toro Company (NYSE:TTC - Free Report) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,553 shares of the company's stock after selling 8,795 shares during the period. Amalgamated Bank's holdings in Toro were worth $4,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its stake in shares of Toro by 112.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the company's stock valued at $55,000 after acquiring an additional 333 shares in the last quarter. Covestor Ltd raised its stake in shares of Toro by 522.6% in the first quarter. Covestor Ltd now owns 716 shares of the company's stock valued at $66,000 after acquiring an additional 601 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Toro in the first quarter valued at $66,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Toro by 850.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company's stock valued at $74,000 after acquiring an additional 765 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Toro by 22.4% in the second quarter. Fifth Third Bancorp now owns 908 shares of the company's stock valued at $85,000 after acquiring an additional 166 shares in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Stock Performance

TTC traded down $1.61 during trading on Friday, reaching $84.81. The company's stock had a trading volume of 506,473 shares, compared to its average volume of 875,516. The Toro Company has a 52-week low of $77.15 and a 52-week high of $102.00. The company's fifty day moving average price is $84.32 and its 200-day moving average price is $88.26. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 22.26 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.

Toro (NYSE:TTC - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The company reported $1.18 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). Toro had a net margin of 8.89% and a return on equity of 25.94%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the firm posted $0.95 EPS. Toro's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities 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 declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were issued a $0.36 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 1.70%. Toro's dividend payout ratio (DPR) is presently 37.80%.

Analyst Ratings Changes

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

View Our Latest Stock Report on Toro

Toro Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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