CTC Alternative Strategies Ltd. Makes New $931,000 Investment in The Toro Company (NYSE:TTC)

CTC Alternative Strategies Ltd. bought a new position in The Toro Company (NYSE:TTC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 9,700 shares of the company's stock, valued at approximately $931,000. Toro accounts for about 1.9% of CTC Alternative Strategies Ltd.'s investment portfolio, making the stock its 9th biggest holding.

A number of other institutional investors also recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Toro by 2.6% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,900 shares of the company's stock valued at $396,000 after purchasing an additional 100 shares in the last quarter. Dearborn Partners LLC lifted its stake in Toro by 2.8% in the third quarter. Dearborn Partners LLC now owns 3,864 shares of the company's stock worth $334,000 after purchasing an additional 104 shares during the last quarter. Values First Advisors Inc. lifted its stake in Toro by 0.6% in the fourth quarter. Values First Advisors Inc. now owns 17,216 shares of the company's stock worth $1,653,000 after purchasing an additional 110 shares during the last quarter. Procyon Advisors LLC lifted its stake in Toro by 2.3% in the third quarter. Procyon Advisors LLC now owns 5,470 shares of the company's stock worth $455,000 after purchasing an additional 123 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in Toro by 2.7% in the third quarter. Fiera Capital Corp now owns 5,030 shares of the company's stock worth $418,000 after purchasing an additional 130 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on TTC shares. Robert W. Baird lifted their price target on shares of Toro from $92.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, December 21st. StockNews.com downgraded shares of Toro from a "hold" rating to a "sell" rating in a research note on Wednesday, March 20th. TheStreet raised shares of Toro from a "c+" rating to a "b-" rating in a research note on Thursday, February 15th. Finally, DA Davidson boosted their price objective on shares of Toro from $93.00 to $95.00 and gave the stock a "neutral" rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $105.60.

Toro Stock Down 0.2 %

NYSE TTC traded down $0.17 on Monday, hitting $85.60. The stock had a trading volume of 809,521 shares, compared to its average volume of 715,389. The business's fifty day moving average price is $91.01 and its 200 day moving average price is $88.84. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 0.86. The Toro Company has a 52-week low of $78.35 and a 52-week high of $108.50. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 31.24 and a beta of 0.72.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). Toro had a return on equity of 26.66% and a net margin of 6.53%. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $1 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. Toro's revenue for the quarter was down 12.8% compared to the same quarter last year. Equities research analysts anticipate that The Toro Company will post 4.3 earnings per share for the current year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, March 28th. Toro's dividend payout ratio (DPR) is presently 52.55%.

Insider Activity

In other news, VP Edric C. Funk sold 615 shares of the business's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $89.57, for a total transaction of $55,085.55. Following the sale, the vice president now directly owns 1,049 shares of the company's stock, valued at $93,958.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Toro news, VP Edric C. Funk sold 615 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $89.57, for a total value of $55,085.55. Following the sale, the vice president now directly owns 1,049 shares of the company's stock, valued at $93,958.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Lee Ellis sold 5,192 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $88.75, for a total transaction of $460,790.00. Following the sale, the director now directly owns 33,051 shares in the company, valued at $2,933,276.25. The disclosure for this sale can be found here. Corporate insiders own 1.62% of the company's stock.

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.