Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 61,409 The Toro Company (NYSE:TTC)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in The Toro Company (NYSE:TTC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 61,409 shares of the company's stock, valued at approximately $4,919,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Toro at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Toro by 0.8% in the 4th quarter. Pacer Advisors Inc. now owns 15,298 shares of the company's stock worth $1,225,000 after purchasing an additional 120 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in Toro by 1.1% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company's stock worth $923,000 after purchasing an additional 127 shares during the period. CIBC Private Wealth Group LLC raised its position in Toro by 30.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after purchasing an additional 127 shares during the period. Savant Capital LLC grew its holdings in Toro by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,293 shares of the company's stock worth $264,000 after acquiring an additional 158 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Toro by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 3,216 shares of the company's stock worth $258,000 after acquiring an additional 164 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

Toro Trading Down 3.1%

TTC stock traded down $2.37 during trading on Thursday, hitting $73.21. The company had a trading volume of 2,208,043 shares, compared to its average volume of 956,606. The firm has a market capitalization of $7.31 billion, a P/E ratio of 18.26 and a beta of 0.83. The Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. The company has a 50 day simple moving average of $71.04 and a 200-day simple moving average of $77.50. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC - Get Free Report) last released its earnings results 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 net margin of 9.14% and a return on equity of 27.25%. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period last year, the business earned $1.40 EPS. Toro's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, research analysts forecast that The Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.38 per share. 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 Ratings Changes

A number of research analysts recently issued reports on TTC shares. Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target for the company in a research report on Monday, February 24th. DA Davidson decreased their price objective on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Wall Street Zen lowered shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, Robert W. Baird boosted their target price on shares of Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Toro currently has a consensus rating of "Moderate Buy" and an average target price of $90.00.

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.