Boston Trust Walden Corp Boosts Stock Position in Toro Company (The) (NYSE:TTC)

Boston Trust Walden Corp grew its stake in shares of Toro Company (The) (NYSE:TTC - Free Report) by 133.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 779,419 shares of the company's stock after buying an additional 445,287 shares during the period. Boston Trust Walden Corp owned 0.78% of Toro worth $56,703,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Toro by 45.5% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company's stock valued at $563,207,000 after buying an additional 2,199,920 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Toro by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock valued at $95,123,000 after buying an additional 60,068 shares in the last quarter. Amundi lifted its position in shares of Toro by 30.3% during the 4th quarter. Amundi now owns 1,121,116 shares of the company's stock valued at $89,701,000 after buying an additional 260,746 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Toro by 17.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock worth $88,152,000 after purchasing an additional 164,069 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Toro by 36.9% in the 4th quarter. Northern Trust Corp now owns 1,081,782 shares of the company's stock worth $86,651,000 after purchasing an additional 291,593 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen cut Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Raymond James Financial lowered their price target on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. Robert W. Baird boosted their price target on Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Finally, DA Davidson set a $76.00 price target on Toro and gave the stock a "neutral" rating in a report on Monday, June 9th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $82.75.

Toro Stock Performance

NYSE:TTC opened at $69.37 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.81 and a quick ratio of 0.79. Toro Company has a 1 year low of $62.34 and a 1 year high of $100.93. The stock's 50 day simple moving average is $71.40 and its two-hundred day simple moving average is $76.54. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 17.79 and a beta of 0.83.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $1.40 EPS. The company's revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, June 17th. Toro's payout ratio is 38.97%.

Insiders Place Their Bets

In other Toro news, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total value of $356,740.78. Following the sale, the director now owns 34,062 shares of the company's stock, valued at $2,411,930.22. The trade was a 12.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.39% of the company's stock.

Toro 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.

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