Edgestream Partners L.P. Has $1.99 Million Stock Holdings in Toro Company (The) (NYSE:TTC)

Edgestream Partners L.P. lessened its position in Toro Company (The) (NYSE:TTC - Free Report) by 22.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,366 shares of the company's stock after selling 7,980 shares during the period. Edgestream Partners L.P.'s holdings in Toro were worth $1,991,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lowe Brockenbrough & Co. Inc. boosted its stake in shares of Toro by 1.1% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company's stock valued at $923,000 after purchasing an additional 127 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Toro by 30.2% in the 4th 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. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Toro by 1.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock valued at $1,033,000 after purchasing an additional 173 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Toro by 127.2% in the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after purchasing an additional 206 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Toro by 5.3% in the 4th quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock valued at $352,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Trading Down 0.4%

NYSE:TTC traded down $0.32 on Friday, hitting $73.74. 456,214 shares of the stock were exchanged, compared to its average volume of 916,171. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 18.91 and a beta of 0.81. Toro Company has a 52 week low of $62.34 and a 52 week high of $98.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 1.81. The company's 50-day moving average price is $73.26 and its 200 day moving average price is $74.81.

Toro (NYSE:TTC - Get Free Report) last announced 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. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. Toro had a return on equity of 27.99% and a net margin of 8.77%. The company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 EPS. On average, equities research analysts forecast that Toro Company will post 4.41 earnings per share for the current year.

Toro Announces Dividend

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

Insider Transactions at Toro

In other news, VP Kurt D. Svendsen sold 6,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $70.99, for a total value of $425,940.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary Lee Ellis sold 5,038 shares of the company'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 completion of the sale, the director directly owned 34,062 shares of the company's stock, valued at approximately $2,411,930.22. This trade represents a 12.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company's stock.

Analyst Ratings Changes

TTC has been the topic of several recent analyst reports. Northland Capmk downgraded shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Northland Securities reaffirmed a "market perform" rating and issued a $80.00 price target (down from $100.00) on shares of Toro in a report on Friday, June 6th. Robert W. Baird lifted their price target on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. DA Davidson set a $76.00 price target on Toro and gave the company a "neutral" rating in a report on Monday, June 9th. Finally, Raymond James Financial cut their price target on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, June 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $82.75.

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.