13,662 Shares in The Toro Company (NYSE:TTC) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in The Toro Company (NYSE:TTC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,662 shares of the company’s stock, valued at approximately $1,185,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in shares of Toro by 112.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the company’s stock worth $55,000 after purchasing an additional 333 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Toro during the first quarter worth approximately $66,000. Covestor Ltd raised its stake in shares of Toro by 522.6% during the first quarter. Covestor Ltd now owns 716 shares of the company’s stock valued at $66,000 after acquiring an additional 601 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Toro by 850.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock valued at $74,000 after purchasing an additional 765 shares during the period. Finally, Fifth Third Bancorp grew its stake in Toro by 22.4% in the second quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock worth $85,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Trading Down 0.7 %

Shares of NYSE:TTC opened at $82.10 on Friday. The business’s 50-day moving average is $83.88 and its 200 day moving average is $88.22. 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 $8.42 billion, a P/E ratio of 21.55 and a beta of 0.69.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, September 5th. The company reported $1.18 EPS 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 net margin of 8.89% and a return on equity of 25.94%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, September 30th. Toro’s payout ratio is 37.80%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTC. StockNews.com raised Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Northland Securities restated a “market perform” rating and issued a $100.00 price objective on shares of Toro in a report on Friday, September 6th. DA Davidson dropped their target price on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Finally, Robert W. Baird reduced their price target on shares of Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.