GAMMA Investing LLC Has $15.13 Million Position in The Toro Company (NYSE:TTC)

GAMMA Investing LLC increased its position in shares of The Toro Company (NYSE:TTC - Free Report) by 7,320.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 207,992 shares of the company's stock after buying an additional 205,189 shares during the quarter. GAMMA Investing LLC owned 0.21% of Toro worth $15,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors grew its stake in shares of Toro by 33.8% during the 4th quarter. Captrust Financial Advisors now owns 52,934 shares of the company's stock worth $4,240,000 after acquiring an additional 13,373 shares in the last quarter. LPL Financial LLC boosted its holdings in Toro by 33.6% during the fourth quarter. LPL Financial LLC now owns 57,435 shares of the company's stock worth $4,601,000 after purchasing an additional 14,433 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Toro by 111.4% during the fourth quarter. Quantbot Technologies LP now owns 51,945 shares of the company's stock worth $4,161,000 after purchasing an additional 27,376 shares during the last quarter. Bank of New York Mellon Corp grew its position in 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 purchasing an additional 60,068 shares in the last quarter. Finally, Bell Asset Management Ltd increased its stake in Toro by 72.4% in the 4th quarter. Bell Asset Management Ltd now owns 77,756 shares of the company's stock valued at $6,228,000 after buying an additional 32,661 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Price Performance

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

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

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, June 17th. This represents a $1.52 annualized dividend and a yield of 2.12%. Toro's dividend payout ratio is presently 38.97%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TTC shares. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a report on Friday. Robert W. Baird increased their price target on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Northland Securities restated a "market perform" rating and issued a $80.00 price target (down from $100.00) on shares of Toro in a research note on Friday. Wall Street Zen cut shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Raymond James dropped their target price on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $82.75.

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.