Cape Cod Five Cents Savings Bank Has $3.46 Million Holdings in The Toro Company (NYSE:TTC)

Cape Cod Five Cents Savings Bank reduced its stake in shares of The Toro Company (NYSE:TTC) by 43.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,993 shares of the company’s stock after selling 28,470 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Toro were worth $3,459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Speece Thorson Capital Group Inc. raised its position in shares of Toro by 24.5% during the third quarter. Speece Thorson Capital Group Inc. now owns 144,438 shares of the company’s stock worth $12,527,000 after acquiring an additional 28,453 shares during the last quarter. Boston Trust Walden Corp raised its holdings in Toro by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 325,053 shares of the company’s stock worth $30,396,000 after purchasing an additional 9,371 shares during the last quarter. Raymond James & Associates lifted its position in shares of Toro by 5.7% in the 3rd quarter. Raymond James & Associates now owns 278,700 shares of the company’s stock worth $24,172,000 after purchasing an additional 14,950 shares during the period. PEAK6 Investments LLC bought a new stake in shares of Toro in the 3rd quarter valued at $1,248,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Toro by 5.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 200,456 shares of the company’s stock worth $17,386,000 after buying an additional 9,998 shares during the period. 87.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TTC shares. StockNews.com raised Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. DA Davidson cut their price target on 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 reduced their price objective on shares of Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Finally, Northland Securities reiterated a “market perform” rating and set a $100.00 target price on shares of Toro in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $93.33.

Toro Trading Up 0.1 %

NYSE TTC opened at $86.19 on Monday. The Toro Company has a 52 week low of $77.15 and a 52 week high of $102.00. The business has a 50 day moving average price of $84.00 and a 200-day moving average price of $87.80. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 22.62 and a beta of 0.70.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, September 5th. The company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). Toro had a net margin of 8.89% and a return on equity of 25.94%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The firm’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 earnings per share for the current fiscal year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, September 30th. Toro’s dividend payout ratio (DPR) is presently 37.80%.

Toro Company 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.