UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in The Toro Company (NYSE:TTC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in The Toro Company (NYSE:TTC - Free Report) by 11.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 618,986 shares of the company's stock after acquiring an additional 64,660 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.60% of Toro worth $53,685,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its position in shares of Toro by 28.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,096 shares of the company's stock valued at $284,000 after purchasing an additional 679 shares during the period. Tidal Investments LLC boosted its stake in Toro by 19.1% in the 1st quarter. Tidal Investments LLC now owns 10,671 shares of the company's stock worth $978,000 after buying an additional 1,709 shares during the last quarter. Atria Investments Inc purchased a new stake in Toro in the 1st quarter valued at about $1,139,000. DNB Asset Management AS increased its stake in shares of Toro by 14.1% during the 2nd quarter. DNB Asset Management AS now owns 25,962 shares of the company's stock valued at $2,428,000 after acquiring an additional 3,201 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Toro by 2.9% during the 2nd quarter. Park Avenue Securities LLC now owns 9,247 shares of the company's stock worth $865,000 after acquiring an additional 259 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Toro Stock Down 0.1 %

Shares of NYSE:TTC traded down $0.11 during midday trading on Wednesday, hitting $86.24. 195,948 shares of the company's stock traded hands, compared to its average volume of 851,845. The Toro Company has a twelve month low of $77.15 and a twelve month high of $102.00. The company has a market cap of $8.85 billion, a PE ratio of 22.66 and a beta of 0.70. 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 firm's fifty day moving average price is $84.01 and its two-hundred day moving average price is $87.82.

Toro (NYSE:TTC - Get Free Report) last issued its earnings results on Thursday, September 5th. The company reported $1.18 earnings per share 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 analysts' expectations of $1.26 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. Toro's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. On average, equities research analysts anticipate that The Toro Company will post 4.16 EPS for the current fiscal year.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.67%. Toro's dividend payout ratio is currently 37.80%.

About Toro

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.