Benjamin F. Edwards & Company Inc. Has $7.01 Million Stock Holdings in The Toro Company (NYSE:TTC)

Benjamin F. Edwards & Company Inc. increased its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 21,698.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,025 shares of the company's stock after acquiring an additional 72,690 shares during the quarter. Benjamin F. Edwards & Company Inc. owned about 0.07% of Toro worth $7,009,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Values First Advisors Inc. grew its holdings in shares of Toro by 0.6% during the 4th 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 in the last quarter. Fiera Capital Corp increased its holdings in Toro by 2.7% in the 3rd quarter. Fiera Capital Corp now owns 5,030 shares of the company's stock valued at $418,000 after buying an additional 130 shares during the period. Natixis Advisors L.P. raised its position in shares of Toro by 0.5% in the 4th quarter. Natixis Advisors L.P. now owns 25,092 shares of the company's stock valued at $2,408,000 after buying an additional 137 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Toro by 30.2% during the 4th quarter. Fifth Third Bancorp now owns 621 shares of the company's stock worth $60,000 after acquiring an additional 144 shares during the period. Finally, PrairieView Partners LLC boosted its position in shares of Toro by 13.5% during the 4th quarter. PrairieView Partners LLC now owns 1,345 shares of the company's stock worth $129,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Insider Buying and Selling at Toro

In related news, VP Edric C. Funk sold 615 shares of Toro 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 completion of the sale, the vice president now 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 accessible through the SEC website. In related news, VP Edric C. Funk sold 615 shares of the firm's 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary Lee Ellis sold 5,192 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.75, for a total value of $460,790.00. Following the completion of the sale, the director now directly owns 33,051 shares of the company's stock, valued at $2,933,276.25. The disclosure for this sale can be found here. Insiders own 1.62% of the company's stock.

Wall Street Analyst Weigh In

TTC has been the subject of several research analyst reports. StockNews.com downgraded Toro from a "hold" rating to a "sell" rating in a research note on Wednesday, March 20th. TheStreet raised Toro from a "c+" rating to a "b-" rating in a research note on Thursday, February 15th. Finally, DA Davidson lifted their price objective on Toro from $93.00 to $95.00 and gave the stock a "neutral" rating in a research note on Thursday, March 14th. One equities 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 company's stock. According to MarketBeat.com, Toro presently has an average rating of "Hold" and an average target price of $105.60.

Toro Trading Up 0.6 %

NYSE TTC traded up $0.57 during trading hours on Friday, hitting $88.31. 360,179 shares of the company's stock were exchanged, compared to its average volume of 713,932. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 32.23 and a beta of 0.72. The stock has a 50-day simple moving average of $88.76 and a 200 day simple moving average of $89.00. 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 1-year low of $78.35 and a 1-year high of $108.50.

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

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Thursday, March 28th. Toro's dividend payout ratio (DPR) is currently 52.55%.

Toro 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.

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