Claro Advisors LLC Has $634,000 Stake in The Toro Company (NYSE:TTC)

Claro Advisors LLC lifted its stake in The Toro Company (NYSE:TTC) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,313 shares of the company’s stock after acquiring an additional 161 shares during the quarter. Claro Advisors LLC’s holdings in Toro were worth $634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Speece Thorson Capital Group Inc. increased its position in shares of Toro by 24.5% in the third quarter. Speece Thorson Capital Group Inc. now owns 144,438 shares of the company’s stock valued at $12,527,000 after acquiring an additional 28,453 shares during the last quarter. Boston Trust Walden Corp increased its position in Toro by 3.0% during the second quarter. Boston Trust Walden Corp now owns 325,053 shares of the company’s stock worth $30,396,000 after buying an additional 9,371 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Toro by 27.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 54,458 shares of the company’s stock valued at $4,990,000 after buying an additional 11,661 shares during the period. Kennedy Capital Management LLC boosted its stake in shares of Toro by 20.2% during the 1st quarter. Kennedy Capital Management LLC now owns 138,568 shares of the company’s stock worth $12,697,000 after acquiring an additional 23,270 shares during the period. Finally, Gabelli Funds LLC increased its holdings in shares of Toro by 19.6% during the 1st quarter. Gabelli Funds LLC now owns 55,000 shares of the company’s stock worth $5,040,000 after acquiring an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTC. StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. DA Davidson decreased their target price on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Robert W. Baird dropped their price target on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Finally, Northland Securities reissued a “market perform” rating and set a $100.00 target price on shares of Toro in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $93.33.

Toro Price Performance

TTC stock opened at $80.96 on Monday. The company has a fifty day moving average price of $83.87 and a 200-day moving average price of $88.13. The company has a market capitalization of $8.31 billion, a P/E ratio of 21.25 and a beta of 0.69. The Toro Company has a 52-week low of $77.15 and a 52-week high of $102.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, September 5th. The company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). Toro had a return on equity of 25.94% and a net margin of 8.89%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that The Toro Company will post 4.16 EPS for the current year.

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Monday, September 30th. Toro’s payout ratio is 37.80%.

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.