Capital Management Associates Inc Increases Stock Position in Toro Company (The) (NYSE:TTC)

Capital Management Associates Inc grew its stake in shares of Toro Company (The) (NYSE:TTC - Free Report) by 100.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,362 shares of the company's stock after purchasing an additional 5,681 shares during the period. Capital Management Associates Inc's holdings in Toro were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TTC. True Wealth Design LLC raised its holdings in shares of Toro by 127.2% during the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after purchasing an additional 206 shares during the period. CIBC Private Wealth Group LLC raised its holdings 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 during the period. Versant Capital Management Inc raised its holdings in shares of 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 purchasing an additional 389 shares during the period. Covestor Ltd raised its holdings in shares of Toro by 60.5% during the fourth quarter. Covestor Ltd now owns 1,181 shares of the company's stock valued at $95,000 after purchasing an additional 445 shares during the period. Finally, HM Payson & Co. raised its holdings in shares of Toro by 28.4% during the first quarter. HM Payson & Co. now owns 1,500 shares of the company's stock valued at $109,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

Insider Buying and Selling

In other news, 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 transaction of $425,940.00. Following the completion of the transaction, the vice president directly owned 11,646 shares of the company's stock, valued at $826,749.54. This represents a 34.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Lee Ellis sold 5,038 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total transaction of $356,740.78. Following the transaction, the director directly owned 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 disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Wall Street Zen lowered shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. 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. Finally, Raymond James Financial lowered their target price on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $82.75.

Toro Stock Down 1.1%

TTC stock traded down $0.85 during trading on Monday, reaching $73.69. The stock had a trading volume of 609,143 shares, compared to its average volume of 929,974. Toro Company has a one year low of $62.34 and a one year high of $100.93. The company has a quick ratio of 0.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.73. The company's 50 day moving average is $72.43 and its two-hundred day moving average is $75.19. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 18.89 and a beta of 0.81.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.02. Toro had a net margin of 8.77% and a return on equity of 27.99%. 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 prior year, the firm posted $1.40 EPS. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. Equities research analysts forecast that Toro Company will post 4.41 EPS for the current year.

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Tuesday, June 17th. Toro's dividend payout ratio is currently 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.