Union Bancaire Privee UBP SA Lowers Stock Holdings in The Toro Company (NYSE:TTC)

Union Bancaire Privee UBP SA cut its holdings in The Toro Company (NYSE:TTC - Free Report) by 57.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,071 shares of the company's stock after selling 18,012 shares during the period. Union Bancaire Privee UBP SA's holdings in Toro were worth $978,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. True Wealth Design LLC raised its position in shares of Toro by 127.2% during the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after purchasing an additional 206 shares during the period. Asset Planning Inc bought a new stake in shares of Toro during the 4th quarter valued at $31,000. CIBC Private Wealth Group LLC raised its position in shares of Toro by 30.2% during the 4th 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 period. Venturi Wealth Management LLC raised its position in shares of Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock valued at $44,000 after purchasing an additional 362 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Toro by 81.2% during the 1st 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 period. 87.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TTC. Raymond James decreased their price objective on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. Wall Street Zen downgraded shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Northland Capmk downgraded shares of Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. DA Davidson set a $76.00 price target on shares of Toro and gave the company a "neutral" rating in a report on Monday, June 9th. Finally, Robert W. Baird lifted their price target on shares of Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Toro currently has a consensus rating of "Hold" and an average target price of $82.75.

Toro Price Performance

Shares of NYSE:TTC traded up $1.55 on Monday, reaching $68.90. The company's stock had a trading volume of 1,008,637 shares, compared to its average volume of 935,774. The Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. The company has a market cap of $6.80 billion, a P/E ratio of 17.18 and a beta of 0.83. The company has a 50-day simple moving average of $71.39 and a 200 day simple moving average of $76.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 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 analysts' consensus estimates of $1.40 by $0.02. Toro had a net margin of 9.14% and a return on equity of 27.25%. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period in the previous year, the company earned $1.40 EPS. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that The Toro Company will post 4.41 EPS for the current fiscal year.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.21%. Toro's dividend payout ratio is presently 38.97%.

Insider Buying and Selling

In related news, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction dated 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 transaction, the director now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is owned by corporate insiders.

About Toro

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.