Clifford Swan Investment Counsel LLC Buys Shares of 1,839 Toll Brothers Inc. $TOL

Key Points

• Clifford Swan Investment Counsel LLC purchased 1,839 shares of Toll Brothers, valued at approximately $210,000, during the second quarter.
• Insider trading activity included significant sales, with Director Paul E. Shapiro selling 3,812 shares and COO Robert Parahus selling 9,831 shares, indicating a decrease in ownership for both.
• Toll Brothers recently announced a quarterly dividend of $0.25 per share, translating to a 0.7% yield and highlighting the company's dividend payout ratio of 7.35%.

Clifford Swan Investment Counsel LLC bought a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,839 shares of the construction company's stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TOL. Brooklyn Investment Group boosted its holdings in Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after purchasing an additional 94 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after acquiring an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Toll Brothers by 128.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company's stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Toll Brothers by 218.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock worth $38,000 after acquiring an additional 249 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in shares of Toll Brothers in the 1st quarter worth approximately $42,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the sale, the director directly owned 118,753 shares of the company's stock, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Robert Parahus sold 9,831 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the completion of the sale, the chief operating officer directly owned 19,692 shares in the company, valued at approximately $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,643 shares of company stock valued at $5,305,630 in the last ninety days. Company insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

Shares of TOL opened at $136.72 on Friday. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The firm's 50 day moving average price is $137.65 and its 200 day moving average price is $119.49. The company has a market cap of $13.18 billion, a P/E ratio of 10.05, a PEG ratio of 1.62 and a beta of 1.40. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the prior year, the firm earned $3.60 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. On average, research analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers's dividend payout ratio is presently 7.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TOL shares. Wells Fargo & Company upped their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Keefe, Bruyette & Woods upped their price objective on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a report on Thursday, August 28th. Raymond James Financial restated a "strong-buy" rating and issued a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Argus upped their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Finally, Royal Bank Of Canada upped their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $149.43.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.

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