PEAK6 Investments LLC Acquires New Stake in The Toro Company (NYSE:TTC)

PEAK6 Investments LLC acquired a new position in shares of The Toro Company (NYSE:TTC - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,384 shares of the company's stock, valued at approximately $1,248,000.

A number of other institutional investors also recently added to or reduced their stakes in TTC. Arizona State Retirement System raised its position in shares of Toro by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 28,680 shares of the company's stock valued at $2,682,000 after purchasing an additional 110 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Toro by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 46,925 shares of the company's stock valued at $4,405,000 after acquiring an additional 123 shares during the period. Lindenwold Advisors INC raised its stake in Toro by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 4,612 shares of the company's stock worth $400,000 after acquiring an additional 125 shares during the last quarter. Toronto Dominion Bank lifted its position in Toro by 1.4% during the 2nd quarter. Toronto Dominion Bank now owns 10,060 shares of the company's stock worth $941,000 after acquiring an additional 136 shares during the period. Finally, CWM LLC grew its stake in 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 purchasing an additional 143 shares during the last quarter. Institutional investors own 87.95% of the company's stock.

Toro Price Performance

NYSE TTC traded down $0.15 during mid-day trading on Tuesday, hitting $86.35. The stock had a trading volume of 529,640 shares, compared to its average volume of 854,715. The firm's 50 day moving average is $84.01 and its 200 day moving average is $87.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 22.64 and a beta of 0.70. The Toro Company has a twelve month low of $77.15 and a twelve month high of $102.00.

Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported $1.18 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.95 EPS. Toro's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research 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 declared 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. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Monday, September 30th. Toro's payout ratio is presently 37.80%.

Analyst Upgrades and Downgrades

TTC has been the topic of a number of recent research reports. Northland Securities reiterated a "market perform" rating and issued a $100.00 target price on shares of Toro in a research report on Friday, September 6th. DA Davidson lowered their price target on shares of Toro from $103.00 to $88.00 and set a "neutral" rating on the stock in a report on Monday, September 9th. StockNews.com upgraded Toro from a "hold" rating to a "buy" rating in a research note on Monday, September 9th. Finally, Robert W. Baird lowered their target price on Toro from $102.00 to $92.00 and set a "neutral" rating on the stock in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.