13,929 Shares in The Toro Company (NYSE:TTC) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in The Toro Company (NYSE:TTC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,929 shares of the company's stock, valued at approximately $1,219,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTC. Bayesian Capital Management LP bought a new position in Toro in the 4th quarter worth approximately $4,050,000. V Square Quantitative Management LLC grew its holdings in Toro by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 1,354 shares of the company's stock worth $130,000 after buying an additional 482 shares in the last quarter. Cim LLC bought a new position in Toro in the 4th quarter worth approximately $12,882,000. Neo Ivy Capital Management bought a new position in Toro in the 4th quarter worth approximately $239,000. Finally, Wellington Management Group LLP grew its holdings in Toro by 73.8% in the 4th quarter. Wellington Management Group LLP now owns 1,845,724 shares of the company's stock worth $177,171,000 after buying an additional 783,794 shares in the last quarter. 87.95% of the stock is owned by institutional investors.

Toro Stock Up 1.6 %

Shares of TTC traded up $1.31 during mid-day trading on Friday, reaching $83.58. The company's stock had a trading volume of 1,021,044 shares, compared to its average volume of 897,429. The business has a fifty day moving average of $87.16 and a 200 day moving average of $88.88. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 21.94 and a beta of 0.68. The Toro Company has a 1 year low of $77.15 and a 1 year high of $102.00. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC - Get Free Report) last released its earnings results 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). The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.26 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. Toro's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 EPS. As a group, analysts forecast 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 will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.72%. Toro's dividend payout ratio is 37.80%.

Analysts Set New Price Targets

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