Robeco Institutional Asset Management B.V. Boosts Stock Holdings in Toro Company (The) (NYSE:TTC)

Robeco Institutional Asset Management B.V. lifted its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 65.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,674 shares of the company's stock after purchasing an additional 5,012 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Toro were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of TTC. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Toro by 45.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company's stock worth $563,207,000 after buying an additional 2,199,920 shares in the last quarter. Amundi boosted its holdings 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 acquiring an additional 260,746 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Toro by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock worth $88,152,000 after acquiring an additional 164,069 shares during the period. Northern Trust Corp raised its holdings in shares of Toro by 36.9% during the fourth quarter. Northern Trust Corp now owns 1,081,782 shares of the company's stock valued at $86,651,000 after purchasing an additional 291,593 shares during the last quarter. Finally, King Luther Capital Management Corp raised its holdings in shares of Toro by 3.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,043,833 shares of the company's stock valued at $83,611,000 after purchasing an additional 36,750 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TTC shares. Northland Capmk cut shares of Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Wall Street Zen downgraded Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Raymond James Financial cut their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, June 6th. DA Davidson set a $76.00 target price on Toro and gave the company a "neutral" rating in a report on Monday, June 9th. Finally, Robert W. Baird raised their target price on Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $82.75.

Toro Stock Performance

Shares of TTC stock traded down $0.06 during mid-day trading on Friday, reaching $74.54. 500,887 shares of the company's stock traded hands, compared to its average volume of 931,883. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 1.81. The firm has a market capitalization of $7.36 billion, a PE ratio of 19.11 and a beta of 0.81. Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93. The firm has a 50 day moving average price of $72.43 and a two-hundred day moving average price of $75.27.

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

Toro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, June 17th. Toro's payout ratio is 38.97%.

Insider Activity at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total value of $425,940.00. Following the completion of the transaction, the vice president owned 11,646 shares of the company's stock, valued at approximately $826,749.54. This represents a 34.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary Lee Ellis sold 5,038 shares of the stock in a transaction 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 completion of the sale, the director owned 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 disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

About Toro

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.