Hillsdale Investment Management Inc. Sells 9,000 Shares of Toro Company (The) $TTC

Hillsdale Investment Management Inc. reduced its holdings in Toro Company by 49.5% in Q2, selling 9,000 shares. The firm's remaining 9,200 shares are valued at $650,000. Other institutional investors also adjusted their positions in Toro. Analysts have mixed ratings on Toro, with a consensus rating of 'Hold' and a target price of $92.60. Toro's stock opened at $69.96, with a market cap of $6.85 billion. The company reported Q3 earnings of $1.24 per share and announced a quarterly dividend of $0.38.

Hillsdale Investment Management Inc. decreased its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 49.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,200 shares of the company's stock after selling 9,000 shares during the quarter. Hillsdale Investment Management Inc.'s holdings in Toro were worth $650,000 at the end of the most recent reporting period.

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Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group raised its position in shares of Toro by 94.1% in the first quarter. Brooklyn Investment Group now owns 495 shares of the company's stock valued at $36,000 after buying an additional 240 shares in the last quarter. iA Global Asset Management Inc. bought a new position in Toro during the 1st quarter worth $82,000. MTM Investment Management LLC acquired a new position in Toro in the 2nd quarter valued at $85,000. Hoese & Co LLP lifted its position in shares of Toro by 1,481.5% during the 2nd quarter. Hoese & Co LLP now owns 1,708 shares of the company's stock valued at $121,000 after acquiring an additional 1,600 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Toro during the 1st quarter worth $178,000. Institutional investors and hedge funds own 87.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Toro in a research note on Wednesday, October 8th. Northland Securities boosted their target price on shares of Toro from $80.00 to $90.00 and gave the company a "market perform" rating in a research report on Tuesday, September 9th. Longbow Research raised shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday, August 25th. Robert W. Baird lifted their price objective on shares of Toro from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. Finally, DA Davidson boosted their price objective on shares of Toro from $93.00 to $97.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $92.60.

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Check Out Our Latest Stock Report on Toro

Toro Price Performance

Shares of NYSE:TTC opened at $69.96 on Monday. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 21.20 and a beta of 0.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $74.61 and a 200 day simple moving average of $74.87. Toro Company has a one year low of $62.34 and a one year high of $89.50.

The Toro Company Is A Raging Bull You Want To Own

Toro (NYSE:TTC - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.02. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.16 billion. Toro had a net margin of 7.37% and a return on equity of 28.98%. The company's revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. Research analysts predict that Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were given a $0.38 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $1.52 annualized dividend and a yield of 2.2%. Toro's dividend payout ratio (DPR) is currently 46.06%.

Toro Company Profile

(Free Report)

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.

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