Allspring Global Investments Holdings LLC grew its position in Toro Company (The) (NYSE:TTC - Free Report) by 7.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 535,787 shares of the company's stock after buying an additional 37,405 shares during the period. Allspring Global Investments Holdings LLC owned 0.54% of Toro worth $38,882,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Captrust Financial Advisors boosted its stake in Toro by 33.8% in the 4th quarter. Captrust Financial Advisors now owns 52,934 shares of the company's stock worth $4,240,000 after purchasing an additional 13,373 shares in the last quarter. LPL Financial LLC boosted its stake in Toro by 33.6% in the 4th quarter. LPL Financial LLC now owns 57,435 shares of the company's stock worth $4,601,000 after purchasing an additional 14,433 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Toro by 87.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 45,449 shares of the company's stock worth $3,306,000 after purchasing an additional 21,214 shares in the last quarter. Boston Trust Walden Corp boosted its stake in Toro by 133.3% in the 1st 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 in the last quarter. Finally, Quantbot Technologies LP boosted its stake in Toro by 111.4% in the 4th quarter. Quantbot Technologies LP now owns 51,945 shares of the company's stock worth $4,161,000 after purchasing an additional 27,376 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Toro
In related news, Director Gary Lee Ellis sold 5,038 shares of the business'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 of the company's stock, valued at approximately $2,411,930.22. The trade was a 12.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction 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 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 disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.
Toro Price Performance
NYSE TTC traded up $3.13 on Tuesday, hitting $73.81. The company had a trading volume of 1,215,206 shares, compared to its average volume of 931,162. The company has a market capitalization of $7.28 billion, a PE ratio of 18.93 and a beta of 0.83. The company's fifty day moving average price is $71.90 and its 200-day moving average price is $75.45. 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 12-month low of $62.34 and a 12-month high of $100.93.
Toro (NYSE:TTC - Get Free Report) last issued 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 company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. Toro had a net margin of 8.77% and a return on equity of 27.99%. The firm's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. As a group, analysts predict that Toro Company will post 4.41 earnings per share for the current year.
Toro Dividend Announcement
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 issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.06%. The ex-dividend date is Tuesday, June 17th. Toro's payout ratio is presently 38.97%.
Analyst Ratings Changes
TTC has been the subject of a number of recent research reports. Robert W. Baird raised their price target on shares of Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. 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. Raymond James Financial reduced their price target on shares of Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Wall Street Zen lowered shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Toro presently has a consensus rating of "Hold" and an average target price of $82.75.
View Our Latest Report on Toro
Toro Profile
(
Free Report)
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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