Riverview Trust Co Invests $72,000 in The Toro Company (NYSE:TTC)

Riverview Trust Co acquired a new position in The Toro Company (NYSE:TTC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 786 shares of the company’s stock, valued at approximately $72,000.

A number of other institutional investors have also made changes to their positions in the business. Murphy Pohlad Asset Management LLC increased its stake in shares of Toro by 2.4% in the first quarter. Murphy Pohlad Asset Management LLC now owns 12,164 shares of the company’s stock worth $1,115,000 after purchasing an additional 280 shares during the period. Running Oak Capital LLC increased its stake in Toro by 16.1% during the first quarter. Running Oak Capital LLC now owns 98,968 shares of the company’s stock valued at $9,068,000 after acquiring an additional 13,697 shares during the period. Rockland Trust Co. increased its stake in Toro by 3.9% during the first quarter. Rockland Trust Co. now owns 160,239 shares of the company’s stock valued at $14,683,000 after acquiring an additional 6,016 shares during the period. Park Avenue Securities LLC increased its stake in Toro by 153.3% during the first quarter. Park Avenue Securities LLC now owns 8,988 shares of the company’s stock valued at $824,000 after acquiring an additional 5,439 shares during the period. Finally, Rise Advisors LLC increased its stake in Toro by 2,057.1% during the first quarter. Rise Advisors LLC now owns 302 shares of the company’s stock valued at $28,000 after acquiring an additional 288 shares during the period. 87.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird boosted their price target on Toro from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. DA Davidson boosted their price target on Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Finally, StockNews.com lowered Toro from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $98.75.

Toro Trading Down 4.5 %

TTC stock opened at $90.72 on Wednesday. The Toro Company has a 1-year low of $77.15 and a 1-year high of $106.68. The firm has a market cap of $9.42 billion, a P/E ratio of 35.86 and a beta of 0.67. The business’s 50 day moving average is $88.37 and its 200-day moving average is $90.47. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. Toro had a return on equity of 25.04% and a net margin of 6.00%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $1.58 EPS. The company’s revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that The Toro Company will post 4.33 earnings per share for the current fiscal year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, June 18th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.44 annualized dividend and a dividend yield of 1.59%. Toro’s dividend payout ratio is currently 56.92%.

Insider Activity

In other news, CEO Richard M. Olson sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $95.19, for a total value of $1,903,800.00. Following the transaction, the chief executive officer now directly owns 17,913 shares of the company’s stock, valued at approximately $1,705,138.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.62% 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.