Sawtooth Solutions LLC Has $361,000 Stock Position in The Toro Company (NYSE:TTC)

Sawtooth Solutions LLC increased its position in shares of The Toro Company (NYSE:TTC) by 15.8% in the third quarter, HoldingsChannel reports. The firm owned 3,709 shares of the company’s stock after purchasing an additional 506 shares during the period. Sawtooth Solutions LLC’s holdings in Toro were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Utah Retirement Systems increased its position in shares of Toro by 0.5% during the 2nd quarter. Utah Retirement Systems now owns 20,538 shares of the company’s stock worth $2,256,000 after purchasing an additional 100 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of Toro by 0.5% during the 2nd quarter. Natixis Advisors L.P. now owns 21,512 shares of the company’s stock worth $2,364,000 after purchasing an additional 116 shares in the last quarter. Archer Investment Corp increased its position in shares of Toro by 23.1% during the 3rd quarter. Archer Investment Corp now owns 746 shares of the company’s stock worth $73,000 after purchasing an additional 140 shares in the last quarter. Procyon Private Wealth Partners LLC increased its position in shares of Toro by 7.6% during the 3rd quarter. Procyon Private Wealth Partners LLC now owns 2,617 shares of the company’s stock worth $255,000 after purchasing an additional 184 shares in the last quarter. Finally, Versor Investments LP increased its position in shares of Toro by 3.5% during the 3rd quarter. Versor Investments LP now owns 5,800 shares of the company’s stock worth $565,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.

TTC has been the subject of a number of recent analyst reports. Bank of America cut shares of Toro from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a research report on Wednesday, October 27th. Zacks Investment Research raised shares of Toro from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a report on Wednesday, December 29th.

Shares of NYSE:TTC opened at $98.62 on Friday. The Toro Company has a 12 month low of $92.62 and a 12 month high of $118.13. The company’s 50-day moving average price is $100.57 and its two-hundred day moving average price is $104.11. The company has a quick ratio of 0.80, a current ratio of 1.59 and a debt-to-equity ratio of 0.60. The firm has a market cap of $10.30 billion, a P/E ratio of 26.09, a P/E/G ratio of 2.88 and a beta of 0.75.

Toro (NYSE:TTC) last issued its quarterly earnings data on Wednesday, December 15th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Toro had a net margin of 10.35% and a return on equity of 32.74%. During the same quarter last year, the company posted $0.64 EPS. As a group, equities analysts predict that The Toro Company will post 3.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 11th. Stockholders of record on Tuesday, December 28th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Monday, December 27th. This is a positive change from Toro’s previous quarterly dividend of $0.26. Toro’s dividend payout ratio (DPR) is 31.75%.

About Toro

The Toro Co is in the business of designing, manufacturing, marketing, and selling professional turf maintenance equipment and services. It operates through the following segments: Professional and Residential. The Professional segment consists of turf and landscape equipment, rental, specialty, and underground construction equipment, snow & ice management equipment, and irrigation and lighting products.

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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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