Cerity Partners LLC Purchases 3,396 Shares of Toro Company (The) (NYSE:TTC)

Cerity Partners LLC increased its position in Toro Company (The) (NYSE:TTC - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,703 shares of the company's stock after buying an additional 3,396 shares during the period. Cerity Partners LLC's holdings in Toro were worth $3,179,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC grew its stake in shares of Toro by 127.2% during the 4th 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 position 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. Allworth Financial LP raised its stake in Toro by 91.6% during the first quarter. Allworth Financial LP now owns 663 shares of the company's stock valued at $46,000 after buying an additional 317 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Toro by 81.2% in the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock worth $63,000 after acquiring an additional 389 shares during the period. Finally, Covestor Ltd grew its holdings in 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. 87.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Raymond James Financial decreased their target price on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. Robert W. Baird lifted their price objective on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Northland Securities reiterated a "market perform" rating and issued a $80.00 price objective (down from $100.00) on shares of Toro in a report on Friday, June 6th. Finally, DA Davidson set a $76.00 price objective on Toro and gave the stock a "neutral" rating in a research report on Monday, June 9th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $82.75.

Toro Price Performance

Shares of Toro stock traded down $0.32 during trading on Friday, hitting $73.74. 456,214 shares of the company were exchanged, compared to its average volume of 917,614. Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $98.61. The firm has a 50 day moving average price of $73.26 and a 200 day moving average price of $74.77. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 18.91 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.73.

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

Toro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, June 17th were given a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. Toro's dividend payout ratio (DPR) is presently 38.97%.

Insider Activity at Toro

In other news, VP Kurt D. Svendsen sold 6,000 shares of Toro 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. The trade was a 34.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction dated 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 currently owned by corporate insiders.

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.