Dillon & Associates Inc. Has $332,000 Stock Position in The Toro Company (NYSE:TTC)

Dillon & Associates Inc. lessened its stake in shares of The Toro Company (NYSE:TTCFree Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,460 shares of the company’s stock after selling 150 shares during the period. Dillon & Associates Inc.’s holdings in Toro were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TTC. Values First Advisors Inc. raised its position in Toro by 0.6% during the fourth quarter. Values First Advisors Inc. now owns 17,216 shares of the company’s stock valued at $1,653,000 after buying an additional 110 shares during the period. Fiera Capital Corp increased its holdings in shares of Toro by 2.7% in the 3rd quarter. Fiera Capital Corp now owns 5,030 shares of the company’s stock valued at $418,000 after purchasing an additional 130 shares during the period. Natixis Advisors L.P. lifted its position in shares of Toro by 0.5% in the fourth quarter. Natixis Advisors L.P. now owns 25,092 shares of the company’s stock worth $2,408,000 after purchasing an additional 137 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Toro by 30.2% in the fourth quarter. Fifth Third Bancorp now owns 621 shares of the company’s stock worth $60,000 after purchasing an additional 144 shares in the last quarter. Finally, PrairieView Partners LLC grew its position in Toro by 13.5% during the fourth quarter. PrairieView Partners LLC now owns 1,345 shares of the company’s stock valued at $129,000 after purchasing an additional 160 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Price Performance

Shares of TTC stock traded down $0.52 during trading hours on Friday, hitting $88.24. The company had a trading volume of 308,030 shares, compared to its average volume of 755,462. The Toro Company has a 12 month low of $78.35 and a 12 month high of $108.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 2.13. The firm’s fifty day moving average is $88.11 and its 200 day moving average is $89.44. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 32.20 and a beta of 0.72.

Toro (NYSE:TTCGet Free Report) last posted 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1 billion. Toro had a return on equity of 26.66% and a net margin of 6.53%. The firm’s revenue for the quarter 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, sell-side analysts predict that The Toro Company will post 4.3 EPS for the current fiscal year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders 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 1.63%. The ex-dividend date was Thursday, March 28th. Toro’s dividend payout ratio is currently 52.55%.

Wall Street Analyst Weigh In

TTC has been the subject of several research reports. StockNews.com lowered Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. DA Davidson lifted their price objective on shares of Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Finally, TheStreet raised shares of Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $105.60.

View Our Latest Analysis on TTC

Insider Buying and Selling at Toro

In related news, Director Gary Lee Ellis sold 5,192 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 33,051 shares in the company, valued at approximately $2,933,276.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Toro news, Director Gary Lee Ellis sold 5,192 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $88.75, for a total transaction of $460,790.00. Following the completion of the sale, the director now directly owns 33,051 shares of the company’s stock, valued at approximately $2,933,276.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edric C. Funk sold 615 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly owns 1,049 shares in the company, valued at approximately $93,958.93. The disclosure for this sale can be found here. Corporate insiders own 1.62% of the company’s stock.

About Toro

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Toro (NYSE:TTC)

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