Running Oak Capital LLC Has $12.47 Million Holdings in The Toro Company (NYSE:TTC)

Running Oak Capital LLC raised its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,654 shares of the company's stock after purchasing an additional 12,377 shares during the period. Running Oak Capital LLC owned about 0.15% of Toro worth $12,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTC. Lindenwold Advisors INC increased its position in Toro by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 4,612 shares of the company's stock valued at $400,000 after acquiring an additional 125 shares during the period. Toronto Dominion Bank increased its holdings in shares of Toro by 1.4% during the second quarter. Toronto Dominion Bank now owns 10,060 shares of the company's stock valued at $941,000 after purchasing an additional 136 shares during the period. CWM LLC raised its stake in shares of Toro by 15.5% during the third quarter. CWM LLC now owns 1,063 shares of the company's stock valued at $92,000 after purchasing an additional 143 shares in the last quarter. Taylor Frigon Capital Management LLC lifted its holdings in Toro by 1.0% in the third quarter. Taylor Frigon Capital Management LLC now owns 15,201 shares of the company's stock worth $1,318,000 after purchasing an additional 146 shares during the period. Finally, Empowered Funds LLC grew its position in Toro by 7.1% in the 3rd quarter. Empowered Funds LLC now owns 2,366 shares of the company's stock valued at $205,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Wall Street Analyst Weigh In

Separately, Raymond James dropped their price objective on Toro from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, December 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $93.75.

Toro Stock Performance

Shares of TTC stock traded down $0.54 during mid-day trading on Friday, reaching $86.01. The stock had a trading volume of 746,489 shares, compared to its average volume of 606,617. The Toro Company has a one year low of $76.95 and a one year high of $100.93. The firm has a market cap of $8.70 billion, a PE ratio of 21.45 and a beta of 0.72. The firm's 50 day simple moving average is $83.37 and its 200 day simple moving average is $86.08. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, meeting analysts' consensus estimates of $0.95. Toro had a return on equity of 27.25% and a net margin of 9.14%. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the firm posted $0.71 EPS. The business's revenue was up 9.4% on a year-over-year basis. On average, analysts forecast that The Toro Company will post 4.41 EPS for the current year.

Toro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 23rd were given a $0.38 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.77%. This is a boost from Toro's previous quarterly dividend of $0.36. Toro's dividend payout ratio is currently 37.91%.

Toro announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 10th that authorizes the company to buyback 4,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

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.