10 Best Seasonal Stocks To Buy According to Hedge Funds

7. The Toro Company (NYSE:TTC)

Number of Hedge Fund Holders: 33    

The Toro Company (NYSE:TTC) is a provider of outdoor environment products and related services. In the earnings of the fourth fiscal quarter, the company reported professional segment earnings of $638.9 million, increasing 25.5% compared with $509.1 million in the prior fiscal year. As a percentage of net sales, earnings rose to 18%, up from 13.9% last year. This growth was mainly due to lower non-cash impairment charges compared to the prior year, productivity improvements, and product mix. In December last year, the company declared a regular quarterly cash dividend of $0.38 per share, an increase over the previous quarter’s cash dividend of $0.36 per share. This marks the 16th consecutive year that the company has increased its dividend.