iSAM Funds UK Ltd Boosts Stake in The Toro Company (NYSE:TTC)

iSAM Funds UK Ltd lifted its stake in The Toro Company (NYSE:TTC) by 82.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,521 shares of the company’s stock after purchasing an additional 2,491 shares during the period. iSAM Funds UK Ltd’s holdings in Toro were worth $479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Arizona State Retirement System increased its stake 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 purchasing an additional 110 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in 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 in the last quarter. Lindenwold Advisors INC increased its stake in Toro by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 4,612 shares of the company’s stock worth $400,000 after buying an additional 125 shares in the last quarter. Toronto Dominion Bank increased its stake in 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 in the last quarter. Finally, CWM LLC increased its stake in 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 in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Stock Up 0.1 %

TTC opened at $86.19 on Friday. The firm has a 50-day simple moving average of $84.00 and a two-hundred day simple moving average of $87.79. The Toro Company has a 52 week low of $77.15 and a 52 week high of $102.00. The company has a market capitalization of $8.84 billion, a PE ratio of 22.62 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC) last released 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). Toro had a net margin of 8.89% and a return on equity of 25.94%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts forecast that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Monday, September 30th. Toro’s payout ratio is 37.80%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TTC. Northland Securities reiterated a “market perform” rating and issued a $100.00 price target on shares of Toro in a research note on Friday, September 6th. DA Davidson cut their price target on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Finally, Robert W. Baird dropped their price objective 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.