Natixis Advisors LLC Sells 6,702 Shares of The Toro Company (NYSE:TTC)

Natixis Advisors LLC reduced its stake in shares of The Toro Company (NYSE:TTC - Free Report) by 24.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,588 shares of the company's stock after selling 6,702 shares during the quarter. Natixis Advisors LLC's holdings in Toro were worth $1,786,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TTC. Empowered Funds LLC increased its position in Toro by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 2,366 shares of the company's stock valued at $205,000 after acquiring an additional 156 shares during the period. OneDigital Investment Advisors LLC increased its position in Toro by 1.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 11,806 shares of the company's stock valued at $1,024,000 after purchasing an additional 202 shares during the period. Speece Thorson Capital Group Inc. raised its stake in Toro by 24.5% during the third quarter. Speece Thorson Capital Group Inc. now owns 144,438 shares of the company's stock worth $12,527,000 after buying an additional 28,453 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Toro by 5.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 200,456 shares of the company's stock valued at $17,386,000 after purchasing an additional 9,998 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Toro in the third quarter valued at approximately $1,185,000. 87.95% of the stock is owned by institutional investors and hedge funds.

Toro Stock Performance

NYSE TTC traded down $1.12 during trading on Tuesday, hitting $86.14. 219,787 shares of the company's stock traded hands, compared to its average volume of 859,686. 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 stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 22.91 and a beta of 0.69. The Toro Company has a 12-month low of $77.15 and a 12-month high of $102.00. The business has a 50 day moving average of $83.90 and a 200-day moving average of $87.93.

Toro (NYSE:TTC - Get Free Report) last issued 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). Toro had a return on equity of 25.94% and a net margin of 8.89%. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period last year, the company posted $0.95 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a dividend of $0.36 per share. The ex-dividend date was Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. Toro's dividend payout ratio (DPR) is presently 37.80%.

Wall Street Analyst Weigh In

TTC has been the topic of several recent research reports. StockNews.com upgraded Toro from a "hold" rating to a "buy" rating in a report on Monday, September 9th. Northland Securities reissued a "market perform" rating and set a $100.00 price objective on shares of Toro in a 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 report on Friday, September 6th. Finally, DA Davidson decreased their price target on Toro from $103.00 to $88.00 and set a "neutral" rating for the company in a 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. Based on data from MarketBeat, Toro currently has an average rating of "Hold" and a consensus target price of $93.33.

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.