Epoch Investment Partners Inc. grew its holdings in shares of Toro Co (NYSE:TTC) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452,977 shares of the company’s stock after buying an additional 43,332 shares during the quarter. Epoch Investment Partners Inc. owned 0.43% of Toro worth $27,165,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Bruderman Asset Management LLC purchased a new position in shares of Toro during the 2nd quarter valued at approximately $121,000. NumerixS Investment Technologies Inc lifted its stake in Toro by 3,100.0% during the second quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the company’s stock worth $192,000 after purchasing an additional 3,100 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Toro by 137.3% during the second quarter. Cubist Systematic Strategies LLC now owns 3,398 shares of the company’s stock worth $205,000 after purchasing an additional 1,966 shares during the last quarter. Stevens Capital Management LP bought a new position in Toro during the second quarter worth $211,000. Finally, SRS Capital Advisors Inc. lifted its stake in Toro by 37.5% during the second quarter. SRS Capital Advisors Inc. now owns 3,852 shares of the company’s stock worth $232,000 after purchasing an additional 1,050 shares during the last quarter. Institutional investors own 77.52% of the company’s stock.
Shares of TTC opened at $58.53 on Friday. Toro Co has a 12-month low of $53.80 and a 12-month high of $67.81. The firm has a market cap of $6.27 billion, a P/E ratio of 24.29 and a beta of 0.63. The company has a current ratio of 1.71, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48.
Toro (NYSE:TTC) last announced its quarterly earnings data 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). Toro had a return on equity of 46.89% and a net margin of 10.39%. The firm had revenue of $539.30 million for the quarter, compared to the consensus estimate of $516.60 million. During the same quarter last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, analysts predict that Toro Co will post 2.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Investors of record on Thursday, December 20th will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, December 19th. This is a boost from Toro’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a yield of 1.54%. Toro’s dividend payout ratio (DPR) is 33.20%.
Several equities analysts recently issued reports on TTC shares. Zacks Investment Research cut Toro from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. ValuEngine upgraded Toro from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Finally, Dougherty & Co restated a “buy” rating on shares of Toro in a research note on Monday, August 13th.
In other Toro news, Director Christopher A. Twomey sold 19,292 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 9,244 shares in the company, valued at $554,917.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kurt D. Svendsen sold 6,180 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $60.55, for a total value of $374,199.00. The disclosure for this sale can be found here. Insiders sold 31,240 shares of company stock worth $1,892,855 over the last quarter. 5.69% of the stock is currently owned by company insiders.
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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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