The Toro Company (NYSE:TTC) Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp lifted its position in The Toro Company (NYSE:TTC) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,132 shares of the company’s stock after acquiring an additional 11,549 shares during the quarter. Boston Trust Walden Corp owned 0.33% of Toro worth $26,764,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its stake in Toro by 112.1% during the 3rd quarter. UMB Bank n.a. now owns 630 shares of the company’s stock worth $55,000 after buying an additional 333 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Toro by 850.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock worth $74,000 after acquiring an additional 765 shares during the last quarter. CWM LLC increased 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 acquiring an additional 143 shares during the period. Blue Trust Inc. lifted its position in Toro by 534.8% in the 3rd quarter. Blue Trust Inc. now owns 1,333 shares of the company’s stock valued at $125,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its stake in Toro by 87.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,657 shares of the company’s stock valued at $133,000 after purchasing an additional 772 shares during the period. 87.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Raymond James decreased their price target on Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $93.75.

Toro Trading Down 3.2 %

NYSE TTC opened at $80.63 on Tuesday. The company has a market capitalization of $8.16 billion, a PE ratio of 20.11 and a beta of 0.72. The firm’s fifty day simple moving average is $83.63 and its 200-day simple moving average is $85.73. The Toro Company has a 1-year low of $76.95 and a 1-year high of $100.93. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC) last posted its earnings results on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Toro had a net margin of 9.14% and a return on equity of 27.25%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts anticipate that The Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 23rd were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from Toro’s previous quarterly dividend of $0.36. Toro’s dividend payout ratio (DPR) is 37.91%.

Toro announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 10th that allows the company to buyback 4,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.