Radnor Capital Management LLC Takes Position in The Toro Company (NYSE:TTC)

Radnor Capital Management LLC purchased a new position in The Toro Company (NYSE:TTC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,900 shares of the company's stock, valued at approximately $1,379,000.

Several other hedge funds have also recently bought and sold shares of TTC. Vanguard Group Inc. raised its position in Toro by 0.7% during the first quarter. Vanguard Group Inc. now owns 10,565,128 shares of the company's stock worth $968,083,000 after acquiring an additional 73,719 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Toro by 25.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,653,109 shares of the company's stock worth $609,626,000 after purchasing an additional 1,332,248 shares during the last quarter. Select Equity Group L.P. raised its position in shares of Toro by 1.6% during the 2nd quarter. Select Equity Group L.P. now owns 5,519,407 shares of the company's stock worth $516,120,000 after purchasing an additional 88,536 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Toro by 1.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,766,046 shares of the company's stock valued at $445,673,000 after buying an additional 65,800 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in Toro by 11.5% during the 1st quarter. Champlain Investment Partners LLC now owns 2,725,651 shares of the company's stock valued at $249,751,000 after buying an additional 280,855 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com upgraded Toro from a "hold" rating to a "buy" rating in a research report on Monday, September 9th. Robert W. Baird reduced their target price on shares of Toro from $102.00 to $92.00 and set a "neutral" rating on the stock in a report on Friday, September 6th. Northland Securities reiterated a "market perform" rating and set a $100.00 price target on shares of Toro in a report on Friday, September 6th. Finally, DA Davidson reduced their price objective on shares of Toro from $103.00 to $88.00 and set a "neutral" rating on the stock in a research note on Monday, September 9th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $93.33.

Toro Trading Up 1.9 %

NYSE TTC traded up $1.57 during trading hours on Thursday, hitting $86.42. 636,663 shares of the company's stock were exchanged, compared to its average volume of 877,225. The business's 50 day moving average is $84.48 and its 200-day moving average is $88.27. 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 Toro Company has a 12-month low of $77.15 and a 12-month high of $102.00. The firm has a market capitalization of $8.87 billion, a P/E ratio of 22.68 and a beta of 0.69.

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 the consensus estimate of $1.23 by ($0.05). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.26 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. Toro's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. As a group, analysts anticipate that The Toro Company will post 4.16 EPS for the current fiscal year.

Toro Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 1.67%. Toro's dividend payout ratio is presently 37.80%.

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.