Bank of Montreal Can Sells 16,265 Shares of The Toro Company (NYSE:TTC)

Bank of Montreal Can lessened its position in shares of The Toro Company (NYSE:TTC - Free Report) by 20.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,384 shares of the company's stock after selling 16,265 shares during the period. Bank of Montreal Can owned approximately 0.06% of Toro worth $5,319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Speece Thorson Capital Group Inc. boosted its position in shares of Toro by 24.5% during the third quarter. Speece Thorson Capital Group Inc. now owns 144,438 shares of the company's stock valued at $12,527,000 after buying an additional 28,453 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in Toro by 3.0% during the second quarter. Boston Trust Walden Corp now owns 325,053 shares of the company's stock valued at $30,396,000 after purchasing an additional 9,371 shares during the last quarter. Atria Investments Inc bought a new stake in shares of Toro during the 1st quarter valued at about $1,139,000. Raymond James & Associates grew its position in Toro by 5.7% during the third quarter. Raymond James & Associates now owns 278,700 shares of the company's stock valued at $24,172,000 after acquiring an additional 14,950 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Toro by 5.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 200,456 shares of the company's stock worth $17,386,000 after acquiring an additional 9,998 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors.

Toro Stock Performance

Shares of Toro stock traded up $0.27 on Wednesday, hitting $86.62. The stock had a trading volume of 418,946 shares, compared to its average volume of 852,853. The Toro Company has a 52-week low of $77.15 and a 52-week 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. The company's 50 day moving average price is $84.02 and its 200 day moving average price is $87.82. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 22.73 and a beta of 0.70.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that The Toro Company will post 4.16 EPS for the current year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.66%. The ex-dividend date was Monday, September 30th. Toro's dividend payout ratio is 37.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TTC. DA Davidson dropped their price target on 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 reiterated a "market perform" rating and set a $100.00 price objective on shares of Toro in a research report on Friday, September 6th. Robert W. Baird dropped their price objective on Toro from $102.00 to $92.00 and set a "neutral" rating for the company in a report on Friday, September 6th. Finally, StockNews.com raised shares of 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $93.33.

Toro 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.