Barclays PLC Purchases 69,012 Shares of The Toro Company (NYSE:TTC)

Barclays PLC raised its position in The Toro Company (NYSE:TTC - Free Report) by 13.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 585,083 shares of the company's stock after buying an additional 69,012 shares during the period. Barclays PLC owned about 0.56% of Toro worth $65,039,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Fred Alger Management LLC acquired a new stake in shares of Toro in the 4th quarter valued at about $29,000. Lindbrook Capital LLC increased its position in shares of Toro by 294.6% in the fourth quarter. Lindbrook Capital LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 218 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Toro by 255.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 355 shares of the company's stock valued at $40,000 after acquiring an additional 255 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Toro in the fourth quarter valued at about $42,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Toro in the first quarter valued at about $46,000. 84.65% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on TTC shares. Northland Securities started coverage on Toro in a research report on Monday, April 17th. They set a "market perform" rating and a $110.00 price target on the stock. StockNews.com upgraded Toro from a "hold" rating to a "buy" rating in a report on Monday, July 17th. CL King began coverage on Toro in a report on Friday, May 19th. They set a "buy" rating and a $133.00 price objective for the company. DA Davidson began coverage on Toro in a report on Wednesday, June 21st. They set a "buy" rating and a $117.00 price objective for the company. Finally, Robert W. Baird reduced their price objective on Toro from $120.00 to $110.00 in a report on Friday, June 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.00.

Get Our Latest Stock Report on Toro

In related news, VP Daryn A. Walters acquired 1,654 shares of the firm's stock in a transaction that occurred on Friday, June 23rd. The stock was acquired at an average cost of $97.41 per share, for a total transaction of $161,116.14. Following the completion of the acquisition, the vice president now directly owns 3,684 shares of the company's stock, valued at approximately $358,858.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.22% of the company's stock.

Shares of TTC opened at $103.84 on Thursday. The Toro Company has a one year low of $80.44 and a one year high of $117.66. The company has a market cap of $10.79 billion, a P/E ratio of 21.15 and a beta of 0.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.78 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $100.92 and a two-hundred day simple moving average of $105.76.

Toro (NYSE:TTC - Get Free Report) last announced its quarterly earnings data on Thursday, June 8th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.52 by $0.06. Toro had a net margin of 10.73% and a return on equity of 36.32%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The company's revenue was up 7.2% on a year-over-year basis. Research analysts forecast that The Toro Company will post 4.78 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Wednesday, June 21st were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, June 20th. This represents a $1.36 annualized dividend and a dividend yield of 1.31%. Toro's dividend payout ratio (DPR) is presently 27.70%.

The Toro Company provides innovative solutions for the outdoor environment worldwide. It operates through two segments Professional and Residential. The company's 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, including snowplows; as well as stand-on snow and ice removal equipment, such as the related 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.

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