Edgestream Partners L.P. Acquires 5,806 Shares of The Toro Company (NYSE:TTC)

Edgestream Partners L.P. grew its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 28.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 26,331 shares of the company's stock after acquiring 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 SEC filing.

Several other institutional investors also recently modified their holdings of the business. UMB Bank n.a. increased its holdings in Toro by 112.1% in 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 in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Toro by 850.0% in 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 boosted its position in Toro by 22.4% in the second quarter. Fifth Third Bancorp now owns 908 shares of the company's stock worth $85,000 after purchasing an additional 166 shares during the last quarter. CWM LLC grew its position in shares of Toro by 15.5% during the 3rd quarter. CWM LLC now owns 1,063 shares of the company's stock valued at $92,000 after acquiring an additional 143 shares during the period. Finally, Rothschild Investment LLC bought a new stake in shares of Toro in the 2nd quarter worth approximately $94,000. Institutional investors own 87.95% of the company's stock.

Toro Price Performance

NYSE:TTC traded down $0.15 during trading hours on Tuesday, hitting $86.35. 529,640 shares of the company's stock traded hands, compared to its average volume of 854,715. The Toro Company has a 52 week low of $77.15 and a 52 week high of $102.00. The business's fifty day simple moving average is $84.01 and its two-hundred day simple moving average is $87.82. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The firm has a market cap of $8.86 billion, a P/E ratio of 22.66 and a beta of 0.70.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.26 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. On average, research analysts anticipate that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were given 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 1.67%. Toro's dividend payout ratio (DPR) is presently 37.80%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTC. DA Davidson decreased their target price on Toro from $103.00 to $88.00 and set a "neutral" rating for the company in a research report on Monday, September 9th. StockNews.com raised shares of Toro from a "hold" rating to a "buy" rating in a research report on Monday, September 9th. Northland Securities reiterated a "market perform" rating and issued a $100.00 price objective on shares of Toro in a research note on Friday, September 6th. Finally, Robert W. Baird cut their price target on Toro from $102.00 to $92.00 and set a "neutral" rating for the company in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently 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.