Robeco Institutional Asset Management B.V. Increases Holdings in Toro Company (The) (NYSE:TTC)

Robeco Institutional Asset Management B.V. increased its stake in shares of Toro Company (The) (NYSE:TTC - Free Report) by 65.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,674 shares of the company's stock after purchasing an additional 5,012 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Toro were worth $922,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TTC. True Wealth Design LLC boosted its position in 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 buying an additional 206 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Toro by 30.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock valued at $43,000 after buying an additional 127 shares during the period. Versant Capital Management Inc lifted its stake in Toro by 81.2% in the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock valued at $63,000 after buying an additional 389 shares during the period. Covestor Ltd lifted its stake in Toro by 60.5% in the fourth quarter. Covestor Ltd now owns 1,181 shares of the company's stock valued at $95,000 after buying an additional 445 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Toro by 1,023.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock worth $137,000 after purchasing an additional 1,555 shares during the period. 87.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on TTC. Northland Capmk lowered Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Wall Street Zen downgraded Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Northland Securities reiterated a "market perform" rating and set a $80.00 price target (down previously from $100.00) on shares of Toro in a research note on Friday, June 6th. Robert W. Baird increased their price objective on Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Finally, DA Davidson set a $76.00 price objective on Toro and gave the stock a "neutral" rating in a report on Monday, June 9th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $82.75.

Insider Buying and Selling

In other news, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $70.99, for a total value of $425,940.00. Following the sale, the vice president directly owned 11,646 shares in the company, valued at approximately $826,749.54. This trade represents a 34.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total value of $356,740.78. Following the completion of the sale, the director owned 34,062 shares in the company, valued at approximately $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 company insiders.

Toro Price Performance

Shares of NYSE:TTC traded down $0.06 on Friday, hitting $74.54. The company's stock had a trading volume of 500,887 shares, compared to its average volume of 931,262. The company has a market capitalization of $7.36 billion, a PE ratio of 19.11 and a beta of 0.81. 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 1 year low of $62.34 and a 1 year high of $100.93. The company has a 50-day simple moving average of $72.43 and a 200 day simple moving average of $75.19.

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, beating analysts' consensus estimates of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.35 billion. During the same period last year, the firm posted $1.40 EPS. Toro's revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts forecast that Toro Company will post 4.41 EPS for the current fiscal year.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, June 17th. This represents a $1.52 annualized dividend and a yield of 2.04%. Toro's payout ratio is 38.97%.

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.