Vestmark Advisory Solutions Inc. Has $3.22 Million Holdings in The Toro Company (NYSE:TTC)

Vestmark Advisory Solutions Inc. boosted its stake in shares of The Toro Company (NYSE:TTC - Free Report) by 37.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,564 shares of the company's stock after acquiring an additional 9,064 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Toro were worth $3,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in shares of Toro during the 3rd quarter worth approximately $25,000. VisionPoint Advisory Group LLC raised its position in shares of Toro by 135.9% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company's stock valued at $25,000 after acquiring an additional 174 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Toro in the 4th quarter valued at $26,000. Millburn Ridgefield Corp bought a new position in shares of Toro in the 3rd quarter worth $30,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Toro during the third quarter worth $30,000. Institutional investors and hedge funds own 87.95% of the company's stock.

Insider Activity

In other Toro news, Director Gary Lee Ellis sold 5,192 shares of the company's stock in a transaction on Friday, March 15th. The shares were 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 of the company's stock, valued at $2,933,276.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Toro news, VP Edric C. Funk sold 615 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $89.57, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Lee Ellis sold 5,192 shares of the stock in a transaction dated Friday, March 15th. The shares were 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 directly owns 33,051 shares in the company, valued at $2,933,276.25. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on TTC shares. StockNews.com cut Toro from a "hold" rating to a "sell" rating in a report on Wednesday, March 20th. TheStreet raised shares of Toro from a "c+" rating to a "b-" rating in a report on Thursday, February 15th. Finally, DA Davidson boosted their target price on Toro from $93.00 to $95.00 and gave the company 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 issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $105.60.

Toro Stock Up 0.6 %

Shares of TTC traded up $0.57 during mid-day trading on Friday, hitting $88.31. 386,021 shares of the company's stock were exchanged, compared to its average volume of 693,714. The Toro Company has a 52 week low of $78.35 and a 52 week high of $108.50. The company has a 50-day simple moving average of $88.76 and a 200 day simple moving average of $89.01. The company has a market cap of $9.22 billion, a PE ratio of 32.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 0.86.

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 the consensus estimate of $0.66 by ($0.02). The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1 billion. Toro had a net margin of 6.53% and a return on equity of 26.66%. The firm's quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. On average, research analysts forecast that The Toro Company will post 4.3 earnings per share for the current fiscal 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 paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, March 28th. Toro's dividend payout ratio is currently 52.55%.

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.