Entropy Technologies LP Purchases 1,427 Shares of The Toro Company (NYSE:TTC)

Entropy Technologies LP lifted its holdings in The Toro Company (NYSE:TTC) by 11.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,200 shares of the company’s stock after buying an additional 1,427 shares during the period. Entropy Technologies LP’s holdings in Toro were worth $1,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Arizona State Retirement System lifted its holdings in Toro by 0.4% during the second quarter. Arizona State Retirement System now owns 28,680 shares of the company’s stock worth $2,682,000 after acquiring an additional 110 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Toro by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 46,925 shares of the company’s stock worth $4,405,000 after purchasing an additional 123 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Toro by 1.4% in the 2nd quarter. Toronto Dominion Bank now owns 10,060 shares of the company’s stock worth $941,000 after buying an additional 136 shares during the last quarter. CWM LLC grew its position in Toro by 15.5% during the third quarter. CWM LLC now owns 1,063 shares of the company’s stock valued at $92,000 after buying an additional 143 shares during the period. Finally, Taylor Frigon Capital Management LLC increased its holdings in Toro by 1.0% during the third quarter. Taylor Frigon Capital Management LLC now owns 15,201 shares of the company’s stock worth $1,318,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Trading Down 1.5 %

Shares of TTC stock opened at $82.69 on Thursday. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 21.70 and a beta of 0.69. The company’s fifty day simple moving average is $83.88 and its two-hundred day simple moving average is $88.22. The Toro Company has a 1 year low of $77.15 and a 1 year high of $102.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, September 5th. The company reported $1.18 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that The Toro Company will post 4.16 earnings per share for the current year.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Monday, September 30th. Toro’s dividend payout ratio (DPR) is presently 37.80%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird decreased their price target on shares of 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 decreased their target price on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research 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, Northland Securities reissued a “market perform” rating and issued a $100.00 price objective on shares of Toro in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently 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.