Dynamic Technology Lab Private Ltd acquired a new position in Toro Co (NYSE:TTC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 24,336 shares of the company’s stock, valued at approximately $1,460,000.

Other hedge funds have also recently made changes to their positions in the company. Bruderman Asset Management LLC acquired a new stake in Toro in the second quarter worth about $121,000. NumerixS Investment Technologies Inc grew its position in shares of Toro by 3,100.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the company’s stock worth $192,000 after buying an additional 3,100 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Toro by 137.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,398 shares of the company’s stock worth $205,000 after buying an additional 1,966 shares during the period. Stevens Capital Management LP acquired a new position in shares of Toro during the 2nd quarter worth about $211,000. Finally, SRS Capital Advisors Inc. grew its position in shares of Toro by 37.5% during the 2nd quarter. SRS Capital Advisors Inc. now owns 3,852 shares of the company’s stock worth $232,000 after buying an additional 1,050 shares during the period. Hedge funds and other institutional investors own 77.52% of the company’s stock.

Toro stock opened at $58.53 on Friday. The stock has a market cap of $6.27 billion, a PE ratio of 24.29 and a beta of 0.63. Toro Co has a 1 year low of $53.80 and a 1 year high of $67.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.71 and a quick ratio of 0.99.

Toro (NYSE:TTC) last posted its earnings results on Thursday, December 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The company had revenue of $539.30 million for the quarter, compared to analyst estimates of $516.60 million. Toro had a return on equity of 46.89% and a net margin of 10.39%. Toro’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Equities analysts forecast that Toro Co will post 2.69 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 9th. Stockholders of record on Thursday, December 20th will be given a dividend of $0.225 per share. This is a positive change from Toro’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Wednesday, December 19th. Toro’s payout ratio is presently 33.20%.

In related news, Director Christopher A. Twomey sold 19,292 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $60.03, for a total value of $1,158,098.76. Following the completion of the transaction, the director now directly owns 9,244 shares in the company, valued at approximately $554,917.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William E. Brown, Jr. sold 5,768 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $62.51, for a total value of $360,557.68. Following the completion of the transaction, the vice president now owns 185,817 shares of the company’s stock, valued at $11,615,420.67. The disclosure for this sale can be found here. Insiders have sold a total of 31,240 shares of company stock valued at $1,892,855 over the last 90 days. Corporate insiders own 5.69% of the company’s stock.

TTC has been the subject of several analyst reports. Zacks Investment Research lowered Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. ValuEngine upgraded Toro from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, Dougherty & Co restated a “buy” rating on shares of Toro in a research report on Monday, August 13th.

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About Toro

The Toro Company manufactures and markets turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, and residential yard and snow thrower products worldwide. Its Professional segment offers turf and landscape equipment products, such as sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and construction equipment, and other maintenance equipment; snowplows, salt and sand spreaders, and related parts and accessories; and sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, and micro-irrigation drip tape and hose products, as well as professionally installed lighting products.

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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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