Versor Investments LP Increases Holdings in The Toro Company (NYSE:TTC)

Versor Investments LP raised its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 245.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,540 shares of the company's stock after acquiring an additional 16,731 shares during the period. Versor Investments LP's holdings in Toro were worth $2,042,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Toro by 25.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,653,109 shares of the company's stock valued at $609,626,000 after acquiring an additional 1,332,248 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Toro by 37,332.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 470,901 shares of the company's stock valued at $44,034,000 after purchasing an additional 469,643 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Toro by 682.7% in the second quarter. Point72 Asset Management L.P. now owns 482,139 shares of the company's stock worth $45,085,000 after purchasing an additional 420,539 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Toro by 11,970.3% in the second quarter. Millennium Management LLC now owns 393,008 shares of the company's stock worth $36,750,000 after purchasing an additional 389,752 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its stake in shares of Toro by 11.5% in the first quarter. Champlain Investment Partners LLC now owns 2,725,651 shares of the company's stock worth $249,751,000 after buying an additional 280,855 shares during the period. 87.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TTC shares. DA Davidson dropped their price target on shares of Toro from $103.00 to $88.00 and set a "neutral" rating for the company in a research report on Monday, September 9th. 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. StockNews.com raised Toro from a "hold" rating to a "buy" rating in a research report on Monday, September 9th. Finally, 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. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Toro presently has a consensus rating of "Hold" and a consensus price target of $93.33.

Toro Trading Up 2.2 %

Shares of NYSE TTC traded up $1.89 during midday trading on Monday, hitting $86.70. 530,553 shares of the company traded hands, compared to its average volume of 873,934. The Toro Company has a 12-month low of $77.15 and a 12-month high of $102.00. The firm has a market cap of $8.90 billion, a P/E ratio of 22.76 and a beta of 0.69. The stock has a 50-day moving average price of $84.32 and a 200 day moving average price of $88.28. 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the company posted $0.95 EPS. The firm's revenue was up 6.9% on a year-over-year basis. As a group, analysts expect 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. Investors of record on Monday, September 30th were paid a $0.36 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.66%. Toro's payout ratio is 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.