Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in The Toro Company (NYSE:TTC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of The Toro Company (NYSE:TTC) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 37,201 shares of the company’s stock after acquiring an additional 1,541 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Toro were worth $3,226,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

Toro Trading Down 0.2 %

NYSE:TTC opened at $86.35 on Wednesday. The Toro Company has a 12 month low of $77.15 and a 12 month high of $102.00. The firm has a fifty day simple moving average of $84.01 and a 200-day simple moving average of $87.82. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $8.86 billion, a P/E ratio of 22.66 and a beta of 0.70.

Toro (NYSE:TTC) last posted 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 return on equity of 25.94% and a net margin of 8.89%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that The Toro Company will post 4.16 earnings per share for the current year.

Toro Dividend Announcement

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