7,684 Shares in The Toro Company (NYSE:TTC) Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. acquired a new position in The Toro Company (NYSE:TTC - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,684 shares of the company's stock, valued at approximately $666,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTC. UMB Bank n.a. increased its stake in 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 buying an additional 333 shares in the last quarter. Headlands Technologies LLC purchased a new position in Toro during the 1st quarter valued at approximately $66,000. Covestor Ltd increased its stake in Toro by 522.6% in the 1st quarter. Covestor Ltd now owns 716 shares of the company's stock worth $66,000 after acquiring an additional 601 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Toro by 850.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company's stock valued at $74,000 after acquiring an additional 765 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Toro by 22.4% in the second quarter. Fifth Third Bancorp now owns 908 shares of the company's stock valued at $85,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Trading Up 2.2 %

Toro stock traded up $1.89 during trading hours on Monday, hitting $86.70. The company had a trading volume of 530,553 shares, compared to its average volume of 873,934. The firm has a market cap of $8.90 billion, a P/E ratio of 22.76 and a beta of 0.69. The company has a 50-day moving average price of $84.32 and a two-hundred day moving average price of $88.28. The Toro Company has a 1 year low of $77.15 and a 1 year high of $102.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94.

Toro (NYSE:TTC - Get Free Report) last announced its earnings results on Thursday, September 5th. The company reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). Toro had a return on equity of 25.94% and a net margin of 8.89%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior 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 anticipate that The Toro Company will post 4.16 earnings per share for the current year.

Toro Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.66%. 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 several recent research reports. DA Davidson decreased their target price on shares of Toro from $103.00 to $88.00 and set a "neutral" rating on the stock in a research report on Monday, September 9th. StockNews.com upgraded Toro from a "hold" rating to a "buy" rating in a report on Monday, September 9th. Robert W. Baird decreased their price target on Toro from $102.00 to $92.00 and set a "neutral" rating on the stock in a report on Friday, September 6th. Finally, Northland Securities reissued a "market perform" rating and issued a $100.00 target price on shares of Toro in a research note 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 company. Based on data from MarketBeat.com, the company has a consensus 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.