2,569 Shares in The Toro Company (NYSE:TTC) Bought by Ethos Financial Group LLC

Ethos Financial Group LLC bought a new stake in The Toro Company (NYSE:TTC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,569 shares of the company’s stock, valued at approximately $248,000.

A number of other large investors have also bought and sold shares of TTC. Fortitude Family Office LLC acquired a new position in Toro in the fourth quarter worth $26,000. VisionPoint Advisory Group LLC grew its holdings in Toro by 135.9% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock worth $25,000 after acquiring an additional 174 shares during the last quarter. Orion Capital Management LLC acquired a new stake in Toro in the 3rd quarter valued at about $25,000. Millburn Ridgefield Corp acquired a new position in shares of Toro during the third quarter worth approximately $30,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Toro during the third quarter valued at approximately $30,000. 87.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com cut shares of Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. TheStreet upgraded Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. Finally, DA Davidson raised their price target on Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $105.60.

Insider Buying and Selling at Toro

In related 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Edric C. Funk sold 615 shares of the stock in a transaction on Friday, March 15th. The shares were 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 $93,958.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Lee Ellis sold 5,192 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $88.75, for a total value of $460,790.00. Following the completion of the sale, the director now owns 33,051 shares in the company, valued at $2,933,276.25. The disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.

Toro Trading Up 2.0 %

Shares of TTC stock traded up $1.75 during trading hours on Thursday, reaching $88.75. The company had a trading volume of 823,639 shares, compared to its average volume of 712,888. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 0.86. The Toro Company has a 1-year low of $78.35 and a 1-year high of $108.50. The company has a 50 day moving average of $88.43 and a 200 day moving average of $89.12. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 32.39 and a beta of 0.72.

Toro (NYSE:TTC) last released its earnings results on Thursday, March 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). The company 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 company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. On average, equities research analysts anticipate that The Toro Company will post 4.3 EPS for the current year.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, March 28th. Toro’s dividend payout ratio is currently 52.55%.

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.