The Toro Company (NYSE:TTC) Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of The Toro Company (NYSE:TTC) by 11.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 618,986 shares of the company’s stock after buying an additional 64,660 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.60% of Toro worth $53,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of Toro by 112.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the company’s stock valued at $55,000 after purchasing an additional 333 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Toro by 850.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock valued at $74,000 after buying an additional 765 shares during the period. Fifth Third Bancorp lifted its position in Toro by 22.4% in the 2nd quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock worth $85,000 after buying an additional 166 shares in the last quarter. CWM LLC boosted its stake in shares of Toro by 15.5% during the 3rd quarter. CWM LLC now owns 1,063 shares of the company’s stock valued at $92,000 after buying an additional 143 shares during the period. Finally, Rothschild Investment LLC purchased a new position in shares of Toro during the 2nd quarter valued at $94,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Stock Performance

Shares of NYSE TTC opened at $86.35 on Wednesday. The business’s 50-day simple moving average is $84.01 and its 200-day simple moving average is $87.82. 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. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 22.66 and a beta of 0.70.

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

Toro Announces Dividend

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

Analyst Upgrades and Downgrades

TTC has been the subject of several recent research reports. DA Davidson cut their price objective on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Robert W. Baird lowered their price target on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Northland Securities reiterated a “market perform” rating and issued a $100.00 target price on shares of Toro in a research note on Friday, September 6th. Finally, StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $93.33.

About Toro

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.