Klein Pavlis & Peasley Financial Inc. Boosts Stock Position in The Toro Company (NYSE:TTC)

Klein Pavlis & Peasley Financial Inc. boosted its holdings in shares of The Toro Company (NYSE:TTC) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,879 shares of the company’s stock after acquiring an additional 507 shares during the quarter. Klein Pavlis & Peasley Financial Inc.’s holdings in Toro were worth $683,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TTC. Arizona State Retirement System lifted its holdings in shares of 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 during the period. 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 worth $4,405,000 after buying an additional 123 shares during the period. 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 worth $941,000 after buying an additional 136 shares during the period. 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 worth $92,000 after buying an additional 143 shares during the period. Finally, Taylor Frigon Capital Management LLC lifted its holdings in shares of Toro by 1.0% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 15,201 shares of the company’s stock worth $1,318,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. DA Davidson lowered their target price on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Northland Securities restated a “market perform” rating and set a $100.00 price objective on shares of Toro in a research note on Friday, September 6th. StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Finally, Robert W. Baird decreased their price objective on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $93.33.

Toro Trading Down 0.5 %

Shares of NYSE:TTC opened at $81.70 on Monday. The business’s 50-day moving average is $85.95 and its 200 day moving average is $88.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85. The Toro Company has a 1 year low of $77.15 and a 1 year high of $102.00. The firm has a market capitalization of $8.38 billion, a P/E ratio of 21.44 and a beta of 0.68.

Toro (NYSE:TTC) last released its quarterly 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 net margin of 8.89% and a return on equity of 25.94%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business posted $0.95 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts predict that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Monday, September 30th. Toro’s dividend payout ratio (DPR) is presently 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.