Holocene Advisors LP Acquires 23,094 Shares of The Toro Company (NYSE:TTC)

Holocene Advisors LP grew its position in shares of The Toro Company (NYSE:TTC - Free Report) by 66.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,891 shares of the company's stock after buying an additional 23,094 shares during the period. Holocene Advisors LP owned approximately 0.06% of Toro worth $5,021,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in 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 during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in 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 during the last quarter. Fifth Third Bancorp grew its position in 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 during the last quarter. CWM LLC boosted its stake in shares of Toro by 15.5% during the third quarter. CWM LLC now owns 1,063 shares of the company's stock valued at $92,000 after purchasing an additional 143 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Toro during the second quarter valued at about $94,000. Institutional investors own 87.95% of the company's stock.

Toro Trading Down 0.6 %

TTC stock traded down $0.54 during mid-day trading on Thursday, reaching $86.09. The company's stock had a trading volume of 768,466 shares, compared to its average volume of 852,494. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 22.73 and a beta of 0.70. The business's 50 day moving average price is $84.02 and its 200 day moving average price is $87.82. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The Toro Company has a 12 month low of $77.15 and a 12 month high of $102.00.

Toro (NYSE:TTC - Get Free Report) last issued its earnings results 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). The business had revenue of $1.16 billion during 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 company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. On average, equities research analysts predict that The Toro Company will post 4.16 EPS for the current year.

Toro Dividend Announcement

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 dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. Toro's payout ratio is 37.80%.

Analysts Set New Price Targets

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

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.