The Toro Company (NYSE:TTC) Shares Acquired by GW&K Investment Management LLC

GW&K Investment Management LLC lifted its position in shares of The Toro Company (NYSE:TTC - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 591,576 shares of the company's stock after purchasing an additional 6,721 shares during the period. GW&K Investment Management LLC owned about 0.57% of Toro worth $65,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTC. Fred Alger Management LLC acquired a new stake in shares of Toro during the fourth quarter worth about $29,000. Raleigh Capital Management Inc. increased its position in shares of Toro by 255.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 355 shares of the company's stock worth $40,000 after purchasing an additional 255 shares in the last quarter. IFP Advisors Inc increased its position in shares of Toro by 20.0% during the fourth quarter. IFP Advisors Inc now owns 594 shares of the company's stock worth $40,000 after purchasing an additional 99 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Toro during the fourth quarter worth about $42,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Toro during the second quarter worth about $42,000. Institutional investors and hedge funds own 84.65% of the company's stock.

In other Toro news, VP Daryn A. Walters purchased 1,654 shares of the firm's stock in a transaction that occurred on Friday, June 23rd. The stock was purchased at an average cost of $97.41 per share, with a total value of $161,116.14. Following the transaction, the vice president now owns 3,684 shares in the company, valued at $358,858.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.22% of the stock is owned by corporate insiders.

TTC traded up $0.26 during trading on Friday, hitting $102.48. The company's stock had a trading volume of 400,691 shares, compared to its average volume of 573,069. The Toro Company has a twelve month low of $80.44 and a twelve month high of $117.66. The firm's 50 day moving average price is $101.00 and its 200-day moving average price is $105.35. The stock has a market cap of $10.65 billion, a PE ratio of 20.87 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.

Toro (NYSE:TTC - Get Free Report) last announced its quarterly earnings data on Thursday, June 8th. The company reported $1.58 earnings per share (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 company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the company earned $1.25 EPS. The business's quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts expect that The Toro Company will post 4.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Wednesday, June 21st were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, June 20th. This represents a $1.36 dividend on an annualized basis and a yield of 1.33%. Toro's dividend payout ratio (DPR) is 27.70%.

A number of research firms recently issued reports on TTC. Robert W. Baird lowered their price target on Toro from $120.00 to $110.00 in a report on Friday, June 9th. StockNews.com raised 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 target on the stock. Northland Securities began coverage on Toro in a report on Monday, April 17th. They set a "market perform" rating and a $110.00 price target on the stock. Finally, DA Davidson initiated coverage on Toro in a report on Wednesday, June 21st. They set a "buy" rating and a $117.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $120.00.

Get Our Latest Stock Report on Toro

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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