Entropy Technologies LP Has $1.06 Million Position in Toro Company (The) (NYSE:TTC)

Key Points

• Entropy Technologies LP has reduced its holdings in Toro Company by 56.2%, selling 18,721 shares and now owning 14,591 shares worth $1,061,000.
• Toro's recent quarterly earnings showed an EPS of $1.42, surpassing estimates, but revenue fell 2.3% year-over-year.
• The company's stock currently has a consensus rating of "Hold" from analysts, with a price target of $82.75.

Entropy Technologies LP reduced its stake in shares of Toro Company (The) (NYSE:TTC - Free Report) by 56.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,591 shares of the company's stock after selling 18,721 shares during the period. Entropy Technologies LP's holdings in Toro were worth $1,061,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted 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 worth $1,033,000 after acquiring an additional 173 shares during the period. True Wealth Design LLC raised 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 worth $29,000 after buying an additional 206 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Toro by 5.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock worth $352,000 after acquiring an additional 220 shares during the period. IHT Wealth Management LLC boosted its position in shares of Toro by 7.9% during the 4th quarter. IHT Wealth Management LLC now owns 3,287 shares of the company's stock valued at $263,000 after purchasing an additional 240 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its stake in Toro by 9.1% during the first quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company's stock valued at $209,000 after purchasing an additional 240 shares during the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $70.99, for a total transaction of $425,940.00. Following the transaction, the vice president owned 11,646 shares of the company's stock, valued at $826,749.54. The trade was a 34.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Lee Ellis sold 5,038 shares of the 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 owned 34,062 shares of the company's stock, valued at approximately $2,411,930.22. This represents a 12.88% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

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

Toro Price Performance

Shares of NYSE TTC traded down $1.16 during midday trading on Friday, reaching $76.87. 502,875 shares of the company traded hands, compared to its average volume of 964,737. The stock's 50-day simple moving average is $72.91 and its 200-day simple moving average is $73.85. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 1.81. Toro Company has a 12 month low of $62.34 and a 12 month high of $93.00. The firm has a market cap of $7.59 billion, a PE ratio of 19.79 and a beta of 0.80.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $1.42 earnings per share for the quarter, beating 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 analyst estimates of $1.35 billion. During the same quarter last year, the business posted $1.40 earnings per share. Toro's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, June 17th were issued a dividend of $0.38 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.52 annualized dividend and a yield of 2.0%. Toro's dividend payout ratio is presently 38.97%.

Toro 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.