The Toro Company (NYSE:TTC) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in shares of The Toro Company (NYSE:TTC) by 9.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,774 shares of the company’s stock after selling 472 shares during the period. Private Advisor Group LLC’s holdings in Toro were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TTC. Allspring Global Investments Holdings LLC boosted its position in Toro by 350.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,258 shares of the company’s stock worth $115,000 after purchasing an additional 979 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Toro by 20.4% in the first quarter. Janney Montgomery Scott LLC now owns 9,750 shares of the company’s stock valued at $893,000 after purchasing an additional 1,651 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Toro by 4.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,900 shares of the company’s stock valued at $632,000 after purchasing an additional 300 shares during the last quarter. FORA Capital LLC purchased a new position in shares of Toro during the 1st quarter worth approximately $502,000. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Toro during the 1st quarter worth approximately $1,334,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Price Performance

Shares of Toro stock opened at $83.24 on Wednesday. The Toro Company has a twelve month low of $77.15 and a twelve month high of $102.00. The stock has a market capitalization of $8.54 billion, a P/E ratio of 21.85 and a beta of 0.69. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $84.71 and its 200 day moving average price is $88.31.

Toro (NYSE:TTC) last issued its earnings results on Thursday, September 5th. The company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). Toro had a net margin of 8.89% and a return on equity of 25.94%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $0.95 EPS. Toro’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts anticipate that The Toro Company will post 4.16 earnings per share for the current year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, September 30th. Toro’s dividend payout ratio (DPR) is presently 37.80%.

Wall Street Analysts Forecast Growth

TTC has been the topic of a number of recent research reports. Robert W. Baird reduced their target price on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. StockNews.com raised Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. DA Davidson reduced their target price on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $100.00 target price on shares of Toro in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Toro presently has an average rating of “Hold” and an average price target of $93.33.

Toro Company 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.