KBC Group NV Sells 133 Shares of The Toro Company (NYSE:TTC)

KBC Group NV decreased its position in shares of The Toro Company (NYSE:TTC) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,854 shares of the company’s stock after selling 133 shares during the period. KBC Group NV’s holdings in Toro were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its stake in Toro by 112.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the company’s stock worth $55,000 after purchasing an additional 333 shares during the last quarter. Covestor Ltd lifted its stake in shares of Toro by 522.6% during the 1st quarter. Covestor Ltd now owns 716 shares of the company’s stock worth $66,000 after acquiring an additional 601 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Toro by 850.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock valued at $74,000 after acquiring an additional 765 shares during the last quarter. Fifth Third Bancorp increased its stake in Toro by 22.4% in the second quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock worth $85,000 after purchasing an additional 166 shares during the period. Finally, CWM LLC lifted its position in shares of Toro by 15.5% during the third quarter. CWM LLC now owns 1,063 shares of the company’s stock worth $92,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Northland Securities reiterated a “market perform” rating and set a $100.00 price objective on shares of Toro in a report on Friday, September 6th. DA Davidson reduced their price objective on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. StockNews.com raised Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Finally, Robert W. Baird decreased their price objective on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Three equities 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 stock has an average rating of “Hold” and a consensus price target of $93.33.

Toro Stock Up 1.1 %

Toro stock opened at $81.82 on Tuesday. The Toro Company has a twelve month low of $77.15 and a twelve month high of $102.00. The business has a fifty day moving average of $83.87 and a two-hundred day moving average of $88.14. The firm has a market cap of $8.40 billion, a P/E ratio of 21.48 and a beta of 0.69. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, September 5th. The company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.26 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. Toro’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. On average, analysts forecast that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.36 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 1.76%. Toro’s dividend payout ratio (DPR) is 37.80%.

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.