Rhumbline Advisers Has $20.54 Million Stock Holdings in The Toro Company (NYSE:TTC)

Rhumbline Advisers lowered its position in shares of The Toro Company (NYSE:TTC - Free Report) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 282,280 shares of the company's stock after selling 18,574 shares during the quarter. Rhumbline Advisers owned 0.28% of Toro worth $20,536,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TTC. Captrust Financial Advisors increased its position in shares of Toro by 33.8% in the fourth quarter. Captrust Financial Advisors now owns 52,934 shares of the company's stock valued at $4,240,000 after acquiring an additional 13,373 shares during the last quarter. LPL Financial LLC grew its stake in Toro by 33.6% in the fourth quarter. LPL Financial LLC now owns 57,435 shares of the company's stock valued at $4,601,000 after purchasing an additional 14,433 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Toro by 111.4% in the 4th quarter. Quantbot Technologies LP now owns 51,945 shares of the company's stock valued at $4,161,000 after buying an additional 27,376 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Toro by 5.3% in the fourth 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. Finally, Bell Asset Management Ltd raised its position in Toro by 72.4% during the fourth quarter. Bell Asset Management Ltd now owns 77,756 shares of the company's stock worth $6,228,000 after acquiring an additional 32,661 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Stock Performance

TTC stock traded up $0.30 during trading hours on Tuesday, hitting $71.71. 827,973 shares of the stock were exchanged, compared to its average volume of 946,413. The Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The company has a 50-day simple moving average of $70.99 and a two-hundred day simple moving average of $77.20. The firm has a market capitalization of $7.16 billion, a P/E ratio of 17.88 and a beta of 0.83.

Toro (NYSE:TTC - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.40 by $0.02. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.35 billion. Toro had a net margin of 9.14% and a return on equity of 27.25%. The business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.40 earnings per share. On average, analysts forecast that The Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors 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 2.12%. The ex-dividend date is Tuesday, June 17th. Toro's dividend payout ratio (DPR) is presently 38.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TTC. Raymond James decreased their price objective on shares of Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday. Northland Securities reissued a "market perform" rating and set a $80.00 price target (down previously from $100.00) on shares of Toro in a research report on Friday. Wall Street Zen cut shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. DA Davidson dropped their price objective on shares of Toro from $80.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Northland Capmk cut shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $82.75.

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.