Amalgamated Bank Sells 8,795 Shares of The Toro Company (NYSE:TTC)

Amalgamated Bank lessened its holdings in The Toro Company (NYSE:TTC) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,553 shares of the company’s stock after selling 8,795 shares during the quarter. Amalgamated Bank’s holdings in Toro were worth $4,298,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Toro by 25.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,653,109 shares of the company’s stock valued at $609,626,000 after acquiring an additional 1,332,248 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Toro by 37,332.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 470,901 shares of the company’s stock valued at $44,034,000 after purchasing an additional 469,643 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Toro by 682.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 482,139 shares of the company’s stock worth $45,085,000 after buying an additional 420,539 shares in the last quarter. Millennium Management LLC lifted its position in shares of Toro by 11,970.3% during the 2nd quarter. Millennium Management LLC now owns 393,008 shares of the company’s stock worth $36,750,000 after buying an additional 389,752 shares during the period. Finally, Champlain Investment Partners LLC boosted its stake in Toro by 11.5% in the 1st quarter. Champlain Investment Partners LLC now owns 2,725,651 shares of the company’s stock valued at $249,751,000 after buying an additional 280,855 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Stock Down 1.9 %

Shares of NYSE:TTC opened at $84.79 on Friday. The Toro Company has a 12 month low of $77.15 and a 12 month high of $102.00. The firm has a market cap of $8.70 billion, a P/E ratio of 22.25 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. The company’s 50-day moving average price is $84.32 and its two-hundred day moving average price is $88.26.

Toro (NYSE:TTC) last issued its quarterly earnings results 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). Toro had a net margin of 8.89% and a return on equity of 25.94%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business earned $0.95 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts forecast that The Toro Company will post 4.16 EPS for the current fiscal year.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.70%. The ex-dividend date was Monday, September 30th. Toro’s dividend payout ratio is 37.80%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Robert W. Baird dropped their price objective on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. DA Davidson cut their price target on shares of Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Northland Securities reaffirmed a “market perform” rating and set a $100.00 price objective on shares of Toro in a research note on Friday, September 6th. Finally, StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $93.33.

Toro Company 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.