Achmea Investment Management B.V. Takes $1.22 Million Position in Toro Company (The) (NYSE:TTC)

Achmea Investment Management B.V. acquired a new stake in Toro Company (The) (NYSE:TTC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,795 shares of the company's stock, valued at approximately $1,222,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Diversified Trust Co increased its stake in Toro by 14.1% during the first quarter. Diversified Trust Co now owns 28,098 shares of the company's stock worth $2,044,000 after purchasing an additional 3,467 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Toro by 65.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 12,674 shares of the company's stock worth $922,000 after purchasing an additional 5,012 shares during the period. Sylvest Advisors LLC purchased a new stake in Toro during the first quarter worth about $514,000. Wealthquest Corp purchased a new stake in Toro during the first quarter worth about $3,726,000. Finally, Lecap Asset Management Ltd. purchased a new stake in Toro during the first quarter worth about $2,196,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Northland Securities reiterated a "market perform" rating and set a $80.00 price target (down from $100.00) on shares of Toro in a research note on Friday, June 6th. Wall Street Zen lowered shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. DA Davidson set a $76.00 price target on shares of Toro and gave the stock a "neutral" rating in a research note on Monday, June 9th. Finally, Raymond James Financial cut their price target on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Toro has an average rating of "Hold" and a consensus price target of $82.75.

Insider Activity at Toro

In related news, Director Gary Lee Ellis sold 5,038 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total value of $356,740.78. Following the completion of the transaction, the director now directly owns 34,062 shares of the company's stock, valued at $2,411,930.22. This represents a 12.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total value of $425,940.00. Following the completion of the sale, the vice president now directly owns 11,646 shares of the company's stock, valued at $826,749.54. The trade was a 34.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Toro Stock Down 0.8%

Shares of Toro stock traded down $0.60 on Friday, reaching $70.36. 1,051,871 shares of the company were exchanged, compared to its average volume of 930,761. Toro Company has a 1-year low of $62.34 and a 1-year high of $100.93. The company has a market cap of $6.94 billion, a P/E ratio of 18.04 and a beta of 0.83. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.81 and a quick ratio of 0.79. The stock's 50 day moving average price is $71.81 and its 200-day moving average price is $75.65.

Toro (NYSE:TTC - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The business's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts forecast that Toro Company will post 4.41 EPS for the current year.

Toro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, June 17th. Toro's dividend payout ratio (DPR) is 38.97%.

Toro Company 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.