The Toro Company (NYSE:TTC) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in The Toro Company (NYSE:TTC - Free Report) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,235 shares of the company's stock after buying an additional 5,570 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Toro were worth $1,941,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Lowe Brockenbrough & Co. Inc. lifted its position in shares of Toro by 1.1% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company's stock worth $923,000 after purchasing an additional 127 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position 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 worth $43,000 after purchasing an additional 127 shares in the last quarter. Savant Capital LLC increased its stake in shares of Toro by 5.0% during the fourth quarter. Savant Capital LLC now owns 3,293 shares of the company's stock worth $264,000 after buying an additional 158 shares during the period. CIBC Asset Management Inc increased its stake in shares of Toro by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 3,216 shares of the company's stock worth $258,000 after buying an additional 164 shares during the period. Finally, PrairieView Partners LLC increased its stake in shares of Toro by 14.7% during the fourth quarter. PrairieView Partners LLC now owns 1,547 shares of the company's stock worth $123,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Northland Securities restated a "market perform" rating and set a $80.00 target price (down from $100.00) on shares of Toro in a research note on Friday. DA Davidson cut their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Raymond James cut their target price on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday. Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, Wall Street Zen lowered shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $83.75.

Toro Stock Down 6.6%

Toro stock traded down $4.87 during mid-day trading on Friday, hitting $68.43. The company had a trading volume of 2,430,821 shares, compared to its average volume of 952,670. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 17.06 and a beta of 0.83. The Toro Company has a 1 year low of $62.34 and a 1 year high of $100.93. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $70.96 and a 200 day moving average of $77.41.

Toro (NYSE:TTC - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. Toro had a net margin of 9.14% and a return on equity of 27.25%. The firm's revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 earnings per share. On average, sell-side analysts expect that The Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Announces Dividend

The firm 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. This represents a $1.52 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, June 17th. Toro's dividend payout ratio is currently 38.97%.

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.