Curated Wealth Partners LLC Purchases 2,233 Shares of The Toro Company (NYSE:TTC)

Curated Wealth Partners LLC grew its holdings in The Toro Company (NYSE:TTC) by 42.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,463 shares of the company’s stock after buying an additional 2,233 shares during the period. Curated Wealth Partners LLC’s holdings in Toro were worth $598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. D.B. Root & Company LLC boosted its holdings in shares of Toro by 7.2% in the 4th quarter. D.B. Root & Company LLC now owns 6,519 shares of the company’s stock worth $522,000 after purchasing an additional 438 shares during the period. Mutual Advisors LLC grew its holdings in shares of Toro by 31.2% in the fourth quarter. Mutual Advisors LLC now owns 5,413 shares of the company’s stock worth $447,000 after purchasing an additional 1,288 shares during the last quarter. Wesbanco Bank Inc. boosted its position in Toro by 40.2% in the 4th quarter. Wesbanco Bank Inc. now owns 8,616 shares of the company’s stock valued at $690,000 after buying an additional 2,469 shares during the period. HB Wealth Management LLC bought a new stake in shares of Toro during the fourth quarter valued at approximately $283,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Toro in the 4th quarter worth $250,000. Institutional investors own 87.95% of the company’s stock.

Toro Trading Down 0.6 %

TTC stock opened at $86.01 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The Toro Company has a 52-week low of $76.95 and a 52-week high of $100.93. The company’s 50-day simple moving average is $83.37 and its 200-day simple moving average is $86.11. The firm has a market cap of $8.70 billion, a P/E ratio of 21.45 and a beta of 0.72.

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

Toro announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 10th that authorizes the company to repurchase 4,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Toro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 23rd were given a dividend of $0.38 per share. This is a boost from Toro’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 1.77%. The ex-dividend date was Monday, December 23rd. Toro’s dividend payout ratio (DPR) is presently 37.91%.

Analysts Set New Price Targets

Separately, Raymond James cut their price objective on shares of Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Toro presently has a consensus rating of “Hold” and a consensus price target of $93.75.

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.