Riverhead Capital Management LLC raised its stake in Toro Company (The) (NYSE:TTC) by 185.7% during the third quarter, Holdings Channel reports. The fund owned 14,580 shares of the company’s stock after buying an additional 9,476 shares during the period. Riverhead Capital Management LLC’s holdings in Toro Company (The) were worth $683,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Toro Company (The) by 1.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,501 shares of the company’s stock valued at $838,000 after buying an additional 100 shares during the last quarter. Citigroup Inc. raised its position in shares of Toro Company (The) by 3.9% in the second quarter. Citigroup Inc. now owns 4,463 shares of the company’s stock valued at $394,000 after buying an additional 168 shares during the last quarter. Paradigm Asset Management Co. LLC raised its position in shares of Toro Company (The) by 4.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,100 shares of the company’s stock valued at $450,000 after buying an additional 200 shares during the last quarter. Cantab Capital Partners LLP raised its position in shares of Toro Company (The) by 2.7% in the second quarter. Cantab Capital Partners LLP now owns 8,941 shares of the company’s stock valued at $789,000 after buying an additional 237 shares during the last quarter. Finally, MSI Financial Services Inc raised its position in shares of Toro Company (The) by 12.6% in the third quarter. MSI Financial Services Inc now owns 2,718 shares of the company’s stock valued at $127,000 after buying an additional 304 shares during the last quarter. Institutional investors own 76.86% of the company’s stock.

Institutional Ownership by Quarter for Toro Company (The) (NYSE:TTC)

Shares of Toro Company (NYSE:TTC) traded up 2.50% during mid-day trading on Friday, reaching $57.90. 803,998 shares of the company traded hands. The stock has a market capitalization of $6.26 billion, a PE ratio of 28.11 and a beta of 0.48. Toro Company has a 52 week low of $32.35 and a 52 week high of $58.26. The firm has a 50 day moving average of $55.48 and a 200-day moving average of $49.30.

Toro Company (The) (NYSE:TTC) last released its quarterly earnings results on Thursday, December 8th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business earned $468.40 million during the quarter, compared to analysts’ expectations of $477.64 million. Toro Company (The) had a return on equity of 42.97% and a net margin of 9.66%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS. On average, equities research analysts expect that Toro Company will post $2.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Tuesday, December 27th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, December 22nd. This is a boost from Toro Company (The)’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.21%. Toro Company (The)’s dividend payout ratio is currently 33.90%.

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Several analysts recently commented on the stock. Seaport Global Securities raised shares of Toro Company (The) from a “neutral” rating to a “buy” rating and increased their price objective for the company from $56.00 to $63.00 in a research report on Friday. Zacks Investment Research raised shares of Toro Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, December 8th. Dougherty & Co assumed coverage on shares of Toro Company (The) in a research report on Friday, November 4th. They set a “buy” rating on the stock. Finally, Longbow Research downgraded shares of Toro Company (The) from a “neutral” rating to an “underperform” rating and set a $44.00 price objective on the stock. in a research report on Monday, December 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $54.50.

In related news, Director Robert C. Buhrmaster sold 8,000 shares of the firm’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $56.82, for a total transaction of $454,560.00. Following the completion of the transaction, the director now directly owns 16,305 shares in the company, valued at approximately $926,450.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert C. Buhrmaster sold 20,492 shares of the firm’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $57.01, for a total value of $1,168,248.92. Following the transaction, the director now owns 36,305 shares of the company’s stock, valued at $2,069,748.05. The disclosure for this sale can be found here. Insiders own 5.94% of the company’s stock.

About Toro Company (The)

The Toro Company designs, manufactures and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The Company operates through three segments: Professional, Residential and Distribution.

5 Day Chart for NYSE:TTC

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