The Toro Company (NYSE:TTC) Shares Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. grew its stake in shares of The Toro Company (NYSE:TTC) by 231.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,068 shares of the company’s stock after purchasing an additional 17,509 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Toro were worth $2,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its position in Toro by 25.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,653,109 shares of the company’s stock worth $609,626,000 after acquiring an additional 1,332,248 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 worth $44,034,000 after purchasing an additional 469,643 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Toro by 682.7% during 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 in the last quarter. Millennium Management LLC grew its holdings in Toro by 11,970.3% during the 2nd quarter. Millennium Management LLC now owns 393,008 shares of the company’s stock valued at $36,750,000 after purchasing an additional 389,752 shares in the last quarter. Finally, Champlain Investment Partners LLC increased its stake in Toro by 11.5% during the 1st 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. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Trading Down 1.2 %

NYSE:TTC opened at $81.62 on Wednesday. The company has a market cap of $8.38 billion, a PE ratio of 21.42 and a beta of 0.68. The business’s 50 day moving average is $86.38 and its two-hundred day moving average is $88.62. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The Toro Company has a 52 week low of $77.15 and a 52 week high of $102.00.

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

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders 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 dividend on an annualized basis and a yield of 1.76%. Toro’s dividend payout ratio is currently 37.80%.

Analysts Set New Price Targets

A number of equities analysts have weighed in 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 report on Friday, September 6th. StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. DA Davidson reduced their target price on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. Finally, Northland Securities restated a “market perform” rating and issued a $100.00 price target on shares of Toro in a research note 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.