Toro Company (The) (NYSE:TTC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Toro Company (The) (NYSE:TTC - Free Report) by 43.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,230 shares of the company's stock after selling 21,031 shares during the quarter. Teacher Retirement System of Texas' holdings in Toro were worth $1,981,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. True Wealth Design LLC grew its position in Toro by 127.2% in the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after acquiring an additional 206 shares during the period. CIBC Private Wealth Group LLC grew its position in Toro by 30.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after acquiring an additional 127 shares during the period. Versant Capital Management Inc grew its position in Toro by 81.2% in the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock worth $63,000 after acquiring an additional 389 shares during the period. Covestor Ltd grew its position in Toro by 60.5% in the fourth quarter. Covestor Ltd now owns 1,181 shares of the company's stock worth $95,000 after acquiring an additional 445 shares during the period. Finally, Siemens Fonds Invest GmbH purchased a new position in Toro in the fourth quarter worth approximately $138,000. Institutional investors and hedge funds own 87.95% of the company's stock.

Insider Buying and Selling at Toro

In other news, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Lee Ellis sold 5,038 shares of the firm's stock in a transaction on 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 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 Trading Down 1.6%

Shares of TTC traded down $1.23 during midday trading on Monday, hitting $73.76. 841,532 shares of the stock were exchanged, compared to its average volume of 925,520. Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. The stock has a fifty day simple moving average of $73.01 and a 200 day simple moving average of $74.97. The firm has a market cap of $7.28 billion, a P/E ratio of 18.91 and a beta of 0.81. 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 (NYSE:TTC - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.40 by $0.02. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business posted $1.40 earnings per share. On average, research analysts anticipate that Toro Company will post 4.41 EPS for the current fiscal year.

Toro Dividend Announcement

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

Analyst Ratings Changes

TTC has been the subject of several analyst reports. Raymond James Financial lowered their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Wall Street Zen lowered Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. DA Davidson set a $76.00 price objective on Toro and gave the stock a "neutral" rating in a research report on Monday, June 9th. Northland Capmk lowered Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Robert W. Baird raised their price target on Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $82.75.

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.