Wealth Enhancement Advisory Services LLC Raises Holdings in Toro Company (The) (NYSE:TTC)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Toro Company (The) (NYSE:TTC - Free Report) by 87.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,449 shares of the company's stock after acquiring an additional 21,214 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Toro were worth $3,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC boosted its holdings in 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 acquiring an additional 206 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in 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 acquiring an additional 127 shares during the period. Versant Capital Management Inc boosted its holdings in 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 acquiring an additional 389 shares during the period. First Horizon Advisors Inc. boosted its holdings in Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock valued at $65,000 after acquiring an additional 285 shares during the period. Finally, Covestor Ltd boosted its holdings in Toro by 60.5% during the 4th 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 period. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Toro

In related news, Director Gary Lee Ellis sold 5,038 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was 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 owns 34,062 shares of the company's stock, valued at $2,411,930.22. This trade represents a 12.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is owned by corporate insiders.

Toro Trading Up 0.8%

TTC opened at $71.01 on Friday. The stock has a market cap of $7.01 billion, a PE ratio of 18.21 and a beta of 0.83. The company has a quick ratio of 0.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $71.74 and a 200-day moving average of $75.86. Toro Company has a 52 week low of $62.34 and a 52 week high of $100.93.

Toro (NYSE:TTC - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter last year, the business posted $1.40 EPS. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts predict that Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Tuesday, June 17th. Toro's dividend payout ratio (DPR) is presently 38.97%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTC. Northland Securities reiterated a "market perform" rating and issued a $80.00 price objective (down previously from $100.00) on shares of Toro in a report on Friday, June 6th. Wall Street Zen cut Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Raymond James Financial dropped their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, June 6th. Finally, DA Davidson set a $76.00 price objective on Toro and gave the stock a "neutral" rating in a report on Monday, June 9th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $82.75.

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.

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