Envestnet Portfolio Solutions Inc. Has $521,000 Stock Position in Toro Company (The) (NYSE:TTC)

Envestnet Portfolio Solutions Inc. trimmed its position in Toro Company (The) (NYSE:TTC - Free Report) by 34.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,166 shares of the company's stock after selling 3,712 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Toro were worth $521,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp increased its position in Toro by 133.3% in the first quarter. Boston Trust Walden Corp now owns 779,419 shares of the company's stock worth $56,703,000 after purchasing an additional 445,287 shares during the period. Mayfair Advisory Group LLC bought a new position in Toro during the first quarter worth about $217,000. Cornerstone Wealth Management LLC boosted its holdings in Toro by 9.1% during the first quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company's stock worth $209,000 after buying an additional 240 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Toro by 87.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 45,449 shares of the company's stock worth $3,306,000 after buying an additional 21,214 shares during the last quarter. Finally, Willis Investment Counsel boosted its holdings in Toro by 94.4% during the first quarter. Willis Investment Counsel now owns 8,843 shares of the company's stock worth $643,000 after buying an additional 4,295 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TTC shares. Raymond James Financial reduced 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. Robert W. Baird lifted their price objective on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Wall Street Zen cut Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Finally, DA Davidson set a $76.00 price objective on Toro and gave the company a "neutral" rating in a report on Monday, June 9th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $82.75.

Insider Buying and Selling at Toro

In other Toro news, Director Gary Lee Ellis sold 5,038 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total transaction of $356,740.78. Following the transaction, the director now owns 34,062 shares of the company's stock, valued at $2,411,930.22. The trade was a 12.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.39% of the company's stock.

Toro Trading Up 0.8%

NYSE:TTC opened at $71.01 on Friday. The stock has a market capitalization of $7.01 billion, a PE ratio of 18.21 and a beta of 0.83. The business's 50-day simple moving average is $71.74 and its 200-day simple moving average is $75.86. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.81 and a quick ratio of 0.79. Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93.

Toro (NYSE:TTC - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.40 by $0.02. The firm had revenue of $1.32 billion for 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 business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. Sell-side analysts expect that Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, June 17th. Toro's payout ratio is 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.

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