Speece Thorson Capital Group Inc. Sells 3,744 Shares of Toro Company (The) (NYSE:TTC)

Speece Thorson Capital Group Inc. decreased its position in shares of Toro Company (The) (NYSE:TTC - Free Report) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,412 shares of the company's stock after selling 3,744 shares during the period. Toro accounts for 3.1% of Speece Thorson Capital Group Inc.'s investment portfolio, making the stock its 10th biggest holding. Speece Thorson Capital Group Inc. owned approximately 0.21% of Toro worth $15,016,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC raised its position in shares of Toro by 127.2% during the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after buying an additional 206 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Toro by 30.2% during the fourth 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 during the last quarter. Allworth Financial LP grew its stake in shares of Toro by 91.6% during the first quarter. Allworth Financial LP now owns 663 shares of the company's stock valued at $46,000 after purchasing an additional 317 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Toro by 81.2% during the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock valued at $63,000 after purchasing an additional 389 shares during the last quarter. Finally, Covestor Ltd boosted 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 acquiring an additional 445 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Trading Up 0.4%

Shares of NYSE TTC traded up $0.29 during midday trading on Wednesday, reaching $72.93. 587,070 shares of the stock were exchanged, compared to its average volume of 922,415. Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.81 and a quick ratio of 0.79. The business has a 50-day simple moving average of $73.19 and a two-hundred day simple moving average of $74.89. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 18.70 and a beta of 0.81.

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

Toro Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.08%. Toro's payout ratio is 38.97%.

Insiders Place Their Bets

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction on Thursday, June 26th. The shares were 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. The trade was a 34.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Lee Ellis sold 5,038 shares of Toro 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 in the company, valued at $2,411,930.22. The trade was a 12.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

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

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.