The Toro Company (NYSE:TTC) Shares Bought by Speece Thorson Capital Group Inc.

Speece Thorson Capital Group Inc. boosted its holdings in The Toro Company (NYSE:TTC - Free Report) by 24.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 144,438 shares of the company's stock after buying an additional 28,453 shares during the period. Toro accounts for approximately 2.3% of Speece Thorson Capital Group Inc.'s holdings, making the stock its 25th biggest position. Speece Thorson Capital Group Inc. owned about 0.14% of Toro worth $12,527,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Arizona State Retirement System increased its stake in Toro by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 28,680 shares of the company's stock worth $2,682,000 after buying an additional 110 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Toro by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 46,925 shares of the company's stock valued at $4,405,000 after acquiring an additional 123 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Toro by 1.4% in the 2nd quarter. Toronto Dominion Bank now owns 10,060 shares of the company's stock valued at $941,000 after acquiring an additional 136 shares during the last quarter. CWM LLC lifted its holdings in shares of Toro by 15.5% in the 3rd quarter. CWM LLC now owns 1,063 shares of the company's stock valued at $92,000 after acquiring an additional 143 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC lifted its stake 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 last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Price Performance

Shares of Toro stock traded down $1.27 during trading hours on Wednesday, reaching $82.69. The stock had a trading volume of 834,447 shares, compared to its average volume of 874,515. The stock's 50 day moving average is $83.88 and its 200 day moving average is $88.22. The firm has a market capitalization of $8.48 billion, a PE ratio of 21.70 and a beta of 0.69. The Toro Company has a twelve month low of $77.15 and a twelve month high of $102.00. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC - Get Free Report) last released 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 company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the firm earned $0.95 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts expect that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a $0.36 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.74%. Toro's dividend payout ratio is currently 37.80%.

Wall Street Analyst Weigh In

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