Sylvest Advisors LLC Invests $514,000 in Toro Company (The) (NYSE:TTC)

Sylvest Advisors LLC acquired a new position in shares of Toro Company (The) (NYSE:TTC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,060 shares of the company’s stock, valued at approximately $514,000.

Other large investors also recently made changes to their positions in the company. Wealthquest Corp bought a new position in Toro in the first quarter valued at $3,726,000. Lecap Asset Management Ltd. bought a new position in Toro in the first quarter valued at $2,196,000. AssuredPartners Investment Advisors LLC grew its position in Toro by 9.9% in the first quarter. AssuredPartners Investment Advisors LLC now owns 5,238 shares of the company’s stock valued at $381,000 after purchasing an additional 474 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Toro by 1.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company’s stock valued at $1,033,000 after purchasing an additional 173 shares in the last quarter. Finally, Boston Trust Walden Corp grew its position in Toro by 133.3% in the first quarter. Boston Trust Walden Corp now owns 779,419 shares of the company’s stock valued at $56,703,000 after purchasing an additional 445,287 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TTC shares. Northland Securities reaffirmed a “market perform” rating and issued a $80.00 target price (down previously from $100.00) on shares of Toro in a research report on Friday, June 6th. Northland Capmk downgraded shares of Toro from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 6th. DA Davidson set a $76.00 price objective on shares of Toro and gave the company a “neutral” rating in a research report on Monday, June 9th. Wall Street Zen downgraded shares of Toro from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, Robert W. Baird lifted their price objective on shares of Toro from $84.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, June 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Toro has an average rating of “Hold” and an average price target of $82.75.

Toro Price Performance

Shares of Toro stock opened at $70.67 on Wednesday. Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. The company has a quick ratio of 0.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $71.58 and a two-hundred day simple moving average of $76.01. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 18.12 and a beta of 0.83.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, June 5th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.02. Toro had a net margin of 8.77% and a return on equity of 27.99%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the company earned $1.40 EPS. The business’s revenue was down 2.3% on a year-over-year basis. Analysts forecast that Toro Company will post 4.41 EPS for the current year.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, June 17th. Toro’s dividend payout ratio (DPR) is 38.97%.

Insiders Place Their Bets

In other news, Director Gary Lee Ellis sold 5,038 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total value of $356,740.78. Following the completion of the transaction, the director now directly owns 34,062 shares in the company, valued at approximately $2,411,930.22. The trade was a 12.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

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.