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

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

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC lifted its stake in Toro by 127.2% in the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after acquiring an additional 206 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Toro by 30.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock valued at $43,000 after purchasing an additional 127 shares in the last quarter. Versant Capital Management Inc increased its holdings in Toro by 81.2% during the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock valued at $63,000 after buying an additional 389 shares during the period. Covestor Ltd raised its stake in Toro by 60.5% in the fourth quarter. Covestor Ltd now owns 1,181 shares of the company's stock worth $95,000 after buying an additional 445 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in Toro during the first quarter worth $127,000. 87.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on TTC. Robert W. Baird boosted their price target on Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. DA Davidson set a $76.00 target price on shares of Toro and gave the stock a "neutral" rating in a report on Monday, June 9th. Wall Street Zen cut shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Northland Securities reissued a "market perform" rating and set a $80.00 target price (down previously from $100.00) on shares of Toro in a research report on Friday, June 6th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Toro currently has an average rating of "Hold" and a consensus price target of $82.75.

Toro Stock Up 0.8%

Shares of TTC stock traded up $0.59 during trading hours on Wednesday, reaching $74.31. 408,518 shares of the company's stock were exchanged, compared to its average volume of 929,467. The company has a current ratio of 1.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. Toro Company has a 1 year low of $62.34 and a 1 year high of $100.93. The stock has a market cap of $7.33 billion, a PE ratio of 19.07 and a beta of 0.81. The stock's fifty day moving average price is $72.04 and its two-hundred day moving average price is $75.43.

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

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $1.52 dividend on an annualized basis and a yield of 2.05%. Toro's payout ratio is 38.97%.

Insider Transactions at Toro

In other news, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total transaction of $356,740.78. Following the transaction, the director owned 34,062 shares in the company, valued at $2,411,930.22. The trade was a 12.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kurt D. Svendsen sold 6,000 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $70.99, for a total value of $425,940.00. Following the transaction, the vice president owned 11,646 shares of the company's stock, valued at approximately $826,749.54. This represents 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 owned by insiders.

About Toro

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.