Quantum Private Wealth LLC Grows Holdings in The Toro Company (NYSE:TTC)

Quantum Private Wealth LLC raised its position in The Toro Company (NYSE:TTC) by 11.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,223 shares of the company’s stock after purchasing an additional 618 shares during the period. Quantum Private Wealth LLC’s holdings in Toro were worth $597,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Toro by 2.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,900 shares of the company’s stock valued at $396,000 after purchasing an additional 100 shares during the period. Dearborn Partners LLC grew its position in shares of Toro by 2.8% in the third quarter. Dearborn Partners LLC now owns 3,864 shares of the company’s stock valued at $334,000 after purchasing an additional 104 shares during the period. Values First Advisors Inc. grew its position in shares of Toro by 0.6% in the fourth quarter. Values First Advisors Inc. now owns 17,216 shares of the company’s stock valued at $1,653,000 after purchasing an additional 110 shares during the period. Fiera Capital Corp grew its position in shares of Toro by 2.7% in the third 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. Finally, Belpointe Asset Management LLC grew its position in shares of Toro by 36.1% in the first quarter. Belpointe Asset Management LLC now owns 501 shares of the company’s stock valued at $56,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Insider Activity

In other 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 sale, the director now directly owns 33,051 shares of the company’s stock, valued at approximately $2,933,276.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 sale, the director now directly owns 33,051 shares of the company’s stock, valued at approximately $2,933,276.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edric C. Funk sold 615 shares of the company’s stock in a transaction that occurred 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 directly owns 1,049 shares in the company, valued at $93,958.93. The disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TTC. DA Davidson lifted their target price on shares of Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Robert W. Baird boosted their price target on shares of Toro from $92.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. TheStreet upgraded shares of Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. Finally, StockNews.com lowered shares of Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.60.

Toro Trading Up 0.2 %

NYSE:TTC traded up $0.20 on Wednesday, hitting $85.79. The stock had a trading volume of 779,118 shares, compared to its average volume of 544,403. The company has a quick ratio of 0.86, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 31.31 and a beta of 0.72. The company has a fifty day moving average price of $91.01 and a two-hundred day moving average price of $88.84. The Toro Company has a 1-year low of $78.35 and a 1-year high of $108.50.

Toro (NYSE:TTC) 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 analyst estimates of $1 billion. Toro had a net margin of 6.53% and a return on equity of 26.66%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Equities research analysts expect that The Toro Company will post 4.3 earnings per share for the current fiscal year.

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, March 28th. Toro’s dividend payout ratio (DPR) is 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.