MBB Public Markets I LLC Invests $671,000 in The Toro Company (NYSE:TTC)

MBB Public Markets I LLC acquired a new stake in shares of The Toro Company (NYSE:TTC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,181 shares of the company's stock, valued at approximately $671,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS Group AG increased its position in shares of Toro by 21.0% during the fourth quarter. UBS Group AG now owns 72,702 shares of the company's stock worth $6,979,000 after acquiring an additional 12,602 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Toro by 6.1% in the fourth quarter. Hsbc Holdings PLC now owns 64,265 shares of the company's stock valued at $6,166,000 after purchasing an additional 3,697 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Toro by 76.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,147 shares of the company's stock valued at $206,000 after buying an additional 931 shares during the last quarter. Treasurer of the State of North Carolina raised its position in Toro by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 46,168 shares of the company's stock valued at $4,432,000 after buying an additional 450 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Toro by 1.3% during the 4th quarter. California State Teachers Retirement System now owns 154,870 shares of the company's stock worth $14,866,000 after acquiring an additional 1,966 shares during the last quarter. Institutional investors own 87.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TTC. Robert W. Baird decreased their price objective on shares of Toro from $102.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, September 6th. StockNews.com upgraded shares of Toro from a "hold" rating to a "buy" rating in a research report on Monday, September 9th. DA Davidson decreased their price objective on shares of Toro from $103.00 to $88.00 and set a "neutral" rating for the company in a report on Monday, September 9th. Finally, Northland Securities reissued a "market perform" rating and set a $100.00 target price on shares of Toro in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $93.33.

Toro Stock Down 0.8 %

TTC opened at $86.05 on Wednesday. The company has a 50 day moving average of $89.05 and a 200 day moving average of $89.20. 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. The company has a market cap of $8.83 billion, a PE ratio of 34.01 and a beta of 0.69.

Toro (NYSE:TTC - Get Free Report) last released 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 net margin of 8.89% and a return on equity of 25.94%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that The Toro Company will post 4.16 EPS for the current year.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.67%. Toro's dividend payout ratio (DPR) is currently 56.92%.

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.