The Toro Company (NYSE:TTC) Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in shares of The Toro Company (NYSE:TTCGet Rating) by 96.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,752 shares of the company’s stock after acquiring an additional 47,579 shares during the quarter. Bank of Montreal Can owned about 0.09% of Toro worth $8,208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Securian Asset Management Inc. increased its stake in Toro by 1.4% during the second quarter. Securian Asset Management Inc. now owns 9,530 shares of the company’s stock worth $722,000 after acquiring an additional 129 shares during the last quarter. D.B. Root & Company LLC boosted its position in shares of Toro by 1.7% during the first quarter. D.B. Root & Company LLC now owns 8,732 shares of the company’s stock worth $746,000 after buying an additional 144 shares during the period. Dearborn Partners LLC boosted its position in shares of Toro by 6.0% during the second quarter. Dearborn Partners LLC now owns 3,760 shares of the company’s stock worth $285,000 after buying an additional 213 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Toro by 3.2% during the second quarter. Exchange Traded Concepts LLC now owns 7,428 shares of the company’s stock worth $563,000 after buying an additional 228 shares during the period. Finally, Motive Wealth Advisors boosted its position in shares of Toro by 3.7% during the second quarter. Motive Wealth Advisors now owns 6,689 shares of the company’s stock worth $507,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds own 85.24% of the company’s stock.

Toro Trading Up 0.0 %

NYSE:TTC opened at $111.60 on Friday. The firm has a market cap of $11.63 billion, a PE ratio of 30.58 and a beta of 0.76. The stock has a fifty day moving average price of $99.22 and a 200 day moving average price of $88.36. The Toro Company has a 12-month low of $71.86 and a 12-month high of $113.37. The company has a current ratio of 1.59, a quick ratio of 0.66 and a debt-to-equity ratio of 0.77.

Toro (NYSE:TTCGet Rating) last released its earnings results on Thursday, September 1st. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.06. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Toro had a return on equity of 32.35% and a net margin of 8.97%. Toro’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. Sell-side analysts anticipate that The Toro Company will post 4.2 earnings per share for the current fiscal year.

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 18th. Investors of record on Wednesday, October 5th were issued a $0.30 dividend. The ex-dividend date was Tuesday, October 4th. This represents a $1.20 dividend on an annualized basis and a yield of 1.08%. Toro’s dividend payout ratio (DPR) is presently 32.88%.

Insider Activity at Toro

In other Toro news, VP Richard W. Rodier sold 4,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $91.43, for a total value of $365,720.00. Following the sale, the vice president now directly owns 22,326 shares in the company, valued at $2,041,266.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Toro news, Director Katherine J. Harless sold 1,780 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $88.00, for a total value of $156,640.00. Following the sale, the director now directly owns 53,364 shares in the company, valued at $4,696,032. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Richard W. Rodier sold 4,000 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $91.43, for a total value of $365,720.00. Following the completion of the sale, the vice president now owns 22,326 shares in the company, valued at $2,041,266.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,371 shares of company stock worth $2,014,232. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

TTC has been the subject of several research analyst reports. StockNews.com lowered Toro from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Northcoast Research upgraded Toro from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 6th.

Toro Profile

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The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment worldwide. The company's 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; and snow and ice management equipment, such as snowplows, brush, snow thrower attachment, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.

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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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