Keeler & Nadler Financial Planning & Wealth Management Has $501,000 Stake in The Toro Company (NYSE:TTC)

Keeler & Nadler Financial Planning & Wealth Management trimmed its stake in shares of The Toro Company (NYSE:TTC) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,252 shares of the company’s stock after selling 331 shares during the quarter. Keeler & Nadler Financial Planning & Wealth Management’s holdings in Toro were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Speece Thorson Capital Group Inc. raised its holdings in Toro by 24.5% during the 3rd quarter. Speece Thorson Capital Group Inc. now owns 144,438 shares of the company’s stock worth $12,527,000 after purchasing an additional 28,453 shares during the last quarter. PEAK6 Investments LLC bought a new position in Toro during the third quarter worth $1,248,000. Benjamin Edwards Inc. lifted its holdings in Toro by 6,995.4% in the third quarter. Benjamin Edwards Inc. now owns 74,005 shares of the company’s stock valued at $6,418,000 after buying an additional 72,962 shares during the period. Raymond James & Associates boosted its position in Toro by 5.7% during the third quarter. Raymond James & Associates now owns 278,700 shares of the company’s stock valued at $24,172,000 after acquiring an additional 14,950 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of Toro in the 3rd quarter worth about $1,261,000. 87.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Raymond James decreased their target price on Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Toro has a consensus rating of “Hold” and a consensus price target of $93.75.

Toro Trading Down 0.0 %

NYSE TTC opened at $82.26 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The Toro Company has a 52 week low of $76.95 and a 52 week high of $100.93. The business has a 50 day moving average price of $83.31 and a 200-day moving average price of $86.36. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 20.51 and a beta of 0.72.

Toro (NYSE:TTC) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, meeting analysts’ consensus estimates of $0.95. Toro had a net margin of 9.14% and a return on equity of 27.25%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $0.71 EPS. Toro’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect that The Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.38 per share. This is a positive change from Toro’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Monday, December 23rd. Toro’s payout ratio is currently 37.91%.

Toro announced that its board has initiated a stock buyback program on Tuesday, December 10th that permits the company to repurchase 4,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Toro 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.