Cetera Advisor Networks LLC purchased a new stake in shares of Toro Co (NYSE:TTC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,050 shares of the company’s stock, valued at approximately $210,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Riverview Trust Co bought a new position in Toro during the fourth quarter valued at about $35,000. Oregon Public Employees Retirement Fund grew its position in Toro by 5,488.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,329,525 shares of the company’s stock valued at $42,000 after buying an additional 2,287,837 shares during the period. Liberty Wealth Management LLC bought a new position in Toro during the fourth quarter valued at about $49,000. Quadrant Capital Group LLC grew its position in Toro by 2,058.8% during the first quarter. Quadrant Capital Group LLC now owns 734 shares of the company’s stock valued at $49,000 after buying an additional 700 shares during the period. Finally, Private Capital Group LLC grew its position in Toro by 18.3% during the first quarter. Private Capital Group LLC now owns 1,106 shares of the company’s stock valued at $76,000 after buying an additional 171 shares during the period. Institutional investors own 80.70% of the company’s stock.
Several equities analysts recently weighed in on TTC shares. Zacks Investment Research upgraded shares of Toro from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Thursday, April 11th. ValuEngine upgraded shares of Toro from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd.
In other Toro news, Director Robert C. Buhrmaster sold 9,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $67.27, for a total transaction of $605,430.00. Following the sale, the director now directly owns 25,091 shares of the company’s stock, valued at $1,687,871.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Darren L. Redetzke sold 16,000 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $68.95, for a total transaction of $1,103,200.00. Following the sale, the vice president now directly owns 16,013 shares in the company, valued at $1,104,096.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,293 shares of company stock worth $4,048,661. Insiders own 2.36% of the company’s stock.
TTC opened at $65.94 on Monday. The stock has a market cap of $7.63 billion, a P/E ratio of 24.70 and a beta of 0.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 0.92. Toro Co has a fifty-two week low of $52.97 and a fifty-two week high of $75.13.
Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $1.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.04). The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $987.80 million. Toro had a net margin of 11.55% and a return on equity of 44.47%. Toro’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. Analysts predict that Toro Co will post 2.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Tuesday, June 25th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Monday, June 24th. Toro’s dividend payout ratio (DPR) is presently 33.71%.
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The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, 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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