ASR Vermogensbeheer N.V. Makes New Investment in Toro Company (The) (NYSE:TTC)

ASR Vermogensbeheer N.V. purchased a new position in shares of Toro Company (The) (NYSE:TTC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,158 shares of the company's stock, valued at approximately $303,000.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in Toro by 15.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 302,702 shares of the company's stock valued at $24,246,000 after buying an additional 41,615 shares during the period. Russell Investments Group Ltd. lifted its holdings in Toro by 70.9% in the fourth quarter. Russell Investments Group Ltd. now owns 90,939 shares of the company's stock valued at $7,284,000 after buying an additional 37,714 shares during the period. Cerity Partners LLC lifted its holdings in Toro by 9.2% in the fourth quarter. Cerity Partners LLC now owns 40,307 shares of the company's stock valued at $3,439,000 after buying an additional 3,380 shares during the period. Raymond James Financial Inc. bought a new stake in Toro in the fourth quarter valued at $36,561,000. Finally, Capital Fund Management S.A. bought a new stake in Toro in the fourth quarter valued at $1,507,000. Institutional investors and hedge funds own 87.95% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on TTC. Raymond James Financial decreased their target price on shares of Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Robert W. Baird increased their price target on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. DA Davidson set a $76.00 price objective on shares of Toro and gave the stock a "neutral" rating in a report on Monday, June 9th. Northland Securities reiterated a "market perform" rating and issued a $80.00 target price (down previously from $100.00) on shares of Toro in a report on Friday, June 6th. Finally, Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $82.75.

Toro Stock Performance

Shares of TTC traded down $1.23 on Friday, reaching $76.81. 106,695 shares of the company's stock traded hands, compared to its average volume of 962,164. The company has a current ratio of 1.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. The stock has a market cap of $7.58 billion, a PE ratio of 19.74 and a beta of 0.80. The stock's 50 day simple moving average is $72.91 and its two-hundred day simple moving average is $73.85. Toro Company has a 52-week low of $62.34 and a 52-week high of $93.00.

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

Toro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, June 17th. Toro's payout ratio is presently 38.97%.

Insider Transactions at Toro

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