Capital Management Associates Inc Has $827,000 Position in Toro Company (The) (NYSE:TTC)

Capital Management Associates Inc increased its position in Toro Company (The) (NYSE:TTC - Free Report) by 100.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TTC. Captrust Financial Advisors boosted its stake in Toro by 33.8% in the fourth quarter. Captrust Financial Advisors now owns 52,934 shares of the company's stock valued at $4,240,000 after acquiring an additional 13,373 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Toro by 7.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 535,787 shares of the company's stock valued at $38,882,000 after acquiring an additional 37,405 shares during the period. LPL Financial LLC boosted its stake in Toro by 33.6% in the fourth quarter. LPL Financial LLC now owns 57,435 shares of the company's stock valued at $4,601,000 after acquiring an additional 14,433 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Toro by 87.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 45,449 shares of the company's stock valued at $3,306,000 after acquiring an additional 21,214 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Toro by 1.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock valued at $1,033,000 after acquiring an additional 173 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on TTC. Robert W. Baird lifted their target price on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Wall Street Zen cut Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Raymond James Financial dropped their target price on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Finally, Northland Securities restated a "market perform" rating and issued a $80.00 price target (down previously from $100.00) on shares of Toro in a research report on Friday, June 6th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $82.75.

Toro Trading Up 1.1%

NYSE TTC traded up $0.82 on Thursday, hitting $76.00. 570,555 shares of the stock were exchanged, compared to its average volume of 927,869. Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. 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 company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 19.49 and a beta of 0.81. The company's 50-day moving average price is $72.79 and its two-hundred day moving average price is $75.13.

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

Toro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, June 17th. Toro's dividend payout ratio is currently 38.97%.

Insider Buying and Selling at Toro

In other news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction 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 transaction, the vice president directly owned 11,646 shares in the company, valued at $826,749.54. The trade was a 34.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction 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 completion of the sale, the director directly owned 34,062 shares of the company's stock, valued at approximately $2,411,930.22. The trade was a 12.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.39% of the company's stock.

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.