Consolidated Planning Corp Takes Position in The Toro Company (NYSE:TTC)

Consolidated Planning Corp purchased a new stake in The Toro Company (NYSE:TTC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,218 shares of the company's stock, valued at approximately $3,573,000.

Other large investors have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of Toro in the third quarter valued at approximately $25,000. VisionPoint Advisory Group LLC lifted its holdings in Toro by 135.9% during the third quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company's stock worth $25,000 after buying an additional 174 shares during the period. Fortitude Family Office LLC purchased a new stake in Toro during the fourth quarter worth $26,000. Millburn Ridgefield Corp purchased a new stake in Toro during the third quarter worth $30,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Toro during the third quarter worth $30,000. Hedge funds and other institutional investors own 87.95% of the company's stock.

Insider Activity at Toro

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

Toro Stock Up 0.9 %

Shares of TTC stock traded up $0.78 during trading hours on Friday, reaching $87.50. 419,610 shares of the company's stock were exchanged, compared to its average volume of 646,881. The stock's 50 day moving average is $89.32 and its 200-day moving average is $88.96. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 31.93 and a beta of 0.72. The company has a current ratio of 2.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. The Toro Company has a fifty-two week low of $78.35 and a fifty-two week high of $108.50.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). Toro had a return on equity of 26.66% and a net margin of 6.53%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The business's revenue for the quarter was down 12.8% on a year-over-year basis. Analysts predict that The Toro Company will post 4.3 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 28th. Toro's payout ratio is 52.55%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com lowered Toro from a "hold" rating to a "sell" rating in a report on Wednesday, March 20th. TheStreet upgraded Toro from a "c+" rating to a "b-" rating in a report on Thursday, February 15th. Finally, DA Davidson upped their target price on Toro from $93.00 to $95.00 and gave the stock a "neutral" rating in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $105.60.

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.