The Toro Company (NYSE:TTC) Shares Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd boosted its position in The Toro Company (NYSE:TTC - Free Report) by 101.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,000 shares of the company's stock after buying an additional 6,550 shares during the quarter. Point72 DIFC Ltd's holdings in Toro were worth $1,127,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in shares of Toro by 112.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the company's stock worth $55,000 after purchasing an additional 333 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Toro by 850.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company's stock worth $74,000 after purchasing an additional 765 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Toro by 22.4% in the 2nd quarter. Fifth Third Bancorp now owns 908 shares of the company's stock worth $85,000 after purchasing an additional 166 shares during the last quarter. CWM LLC increased its position in shares of Toro by 15.5% in the 3rd quarter. CWM LLC now owns 1,063 shares of the company's stock worth $92,000 after purchasing an additional 143 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Toro in the 2nd quarter worth about $94,000. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Stock Performance

Shares of NYSE:TTC traded down $0.54 during trading on Thursday, reaching $86.09. 768,466 shares of the company's stock traded hands, compared to its average volume of 852,494. 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 Toro Company has a 12 month low of $77.15 and a 12 month high of $102.00. The company has a 50 day moving average of $84.01 and a 200-day moving average of $87.80. The stock has a market capitalization of $8.83 billion, a P/E ratio of 22.60 and a beta of 0.70.

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

Toro Dividend Announcement

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

Wall Street Analysts Forecast Growth

TTC has been the subject of several research analyst reports. Northland Securities reissued a "market perform" rating and issued a $100.00 target price on shares of Toro in a research report on Friday, September 6th. Robert W. Baird lowered their price objective on shares of Toro from $102.00 to $92.00 and set a "neutral" rating for the company in a research report on Friday, September 6th. StockNews.com raised shares of Toro from a "hold" rating to a "buy" rating in a research report on Monday, September 9th. Finally, DA Davidson lowered their price objective on shares of Toro from $103.00 to $88.00 and set a "neutral" rating for the company in a research report on Monday, September 9th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.