PrairieView Partners LLC Grows Stock Holdings in The Toro Company (NYSE:TTC)

PrairieView Partners LLC lifted its position in shares of The Toro Company (NYSE:TTC) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,547 shares of the company’s stock after purchasing an additional 198 shares during the period. PrairieView Partners LLC’s holdings in Toro were worth $123,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TTC. CWM LLC raised its stake in Toro by 15.5% during the 3rd quarter. CWM LLC now owns 1,063 shares of the company’s stock worth $92,000 after acquiring an additional 143 shares in the last quarter. Wesbanco Bank Inc. raised its stake in Toro by 8.9% during the 3rd quarter. Wesbanco Bank Inc. now owns 6,147 shares of the company’s stock worth $533,000 after acquiring an additional 500 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Toro by 7.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 2,361 shares of the company’s stock worth $205,000 after acquiring an additional 158 shares in the last quarter. nVerses Capital LLC raised its stake in Toro by 21.1% during the 3rd quarter. nVerses Capital LLC now owns 6,900 shares of the company’s stock worth $598,000 after acquiring an additional 1,200 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Toro by 13.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,540 shares of the company’s stock worth $134,000 after acquiring an additional 183 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James cut their price target on shares of Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $93.75.

Toro Trading Down 1.1 %

NYSE TTC opened at $79.27 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The firm has a market cap of $7.98 billion, a PE ratio of 19.77 and a beta of 0.72. The Toro Company has a one year low of $76.95 and a one year high of $100.93. The firm’s fifty day moving average is $82.62 and its two-hundred day moving average is $84.90.

Toro (NYSE:TTC) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, meeting analysts’ consensus estimates of $0.95. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Toro had a net margin of 9.14% and a return on equity of 27.25%. Toro’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. Analysts expect that The Toro Company will post 4.41 earnings per share for the current year.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 23rd were issued a $0.38 dividend. This is an increase from Toro’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. Toro’s payout ratio is presently 37.91%.

Toro announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 10th that permits the company to repurchase 4,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.