12,100 Shares in The Toro Company (NYSE:TTC) Bought by Two Sigma Advisers LP

Two Sigma Advisers LP purchased a new position in The Toro Company (NYSE:TTC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,100 shares of the company's stock, valued at approximately $969,000.

Several other hedge funds have also made changes to their positions in the stock. Tidal Investments LLC lifted its holdings in shares of Toro by 14.6% in the 4th quarter. Tidal Investments LLC now owns 20,224 shares of the company's stock worth $1,620,000 after purchasing an additional 2,578 shares during the last quarter. True Wealth Design LLC raised its stake in Toro by 127.2% during the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after acquiring an additional 206 shares in the last quarter. Toronto Dominion Bank raised its stake in Toro by 5.4% during the 4th quarter. Toronto Dominion Bank now owns 13,840 shares of the company's stock valued at $1,109,000 after acquiring an additional 711 shares in the last quarter. Siemens Fonds Invest GmbH bought a new stake in Toro during the 4th quarter valued at $138,000. Finally, ProShare Advisors LLC raised its stake in Toro by 21.4% during the 4th quarter. ProShare Advisors LLC now owns 409,775 shares of the company's stock valued at $32,823,000 after acquiring an additional 72,292 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

Toro Price Performance

Shares of TTC traded down $2.37 during midday trading on Thursday, reaching $73.21. The stock had a trading volume of 2,208,043 shares, compared to its average volume of 956,606. The Toro Company has a 52 week low of $62.34 and a 52 week 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. The firm's 50 day moving average price is $71.04 and its 200-day moving average price is $77.50. The company has a market capitalization of $7.31 billion, a P/E ratio of 18.26 and a beta of 0.83.

Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. Toro had a return on equity of 27.25% and a net margin of 9.14%. The company 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 business earned $1.40 EPS. The company's quarterly revenue was down 2.3% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Tuesday, June 17th. Toro's payout ratio is 38.87%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TTC. Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a research note on Monday, February 24th. Robert W. Baird lifted their target price on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research note on Tuesday. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Wall Street Zen downgraded Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, DA Davidson dropped their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.00.

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.