Healthcare of Ontario Pension Plan Trust Fund Sells 131 Shares of The Toro Company (NYSE:TTC)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in The Toro Company (NYSE:TTC – Get Rating) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,694 shares of the company’s stock after selling 131 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Toro were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTC. Coston McIsaac & Partners acquired a new stake in Toro in the second quarter worth $26,000. Allworth Financial LP raised its holdings in Toro by 90.4% in the third quarter. Allworth Financial LP now owns 316 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Toro by 266.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 344 shares of the company’s stock worth $30,000 after purchasing an additional 250 shares during the period. IFP Advisors Inc raised its holdings in Toro by 78.1% in the third quarter. IFP Advisors Inc now owns 495 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in Toro in the second quarter worth $42,000. 85.14% of the stock is owned by institutional investors.

Insider Activity at Toro

In related news, VP Peter D. Moeller sold 430 shares of the firm’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $116.62, for a total value of $50,146.60. Following the completion of the transaction, the vice president now owns 4,204 shares of the company’s stock, valued at $490,270.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Blake M. Grams sold 6,199 shares of the firm’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $114.01, for a total value of $706,747.99. Following the completion of the transaction, the vice president now owns 36,998 shares of the company’s stock, valued at $4,218,141.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Peter D. Moeller sold 430 shares of the firm’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $116.62, for a total transaction of $50,146.60. Following the completion of the transaction, the vice president now directly owns 4,204 shares of the company’s stock, valued at approximately $490,270.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,733 shares of company stock valued at $4,492,359. Corporate insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Raymond James upgraded shares of Toro from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Friday, December 23rd. StockNews.com lowered shares of Toro from a “buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird dropped their price objective on shares of Toro from $120.00 to $116.00 in a report on Thursday, December 22nd.

Toro Trading Up 0.9 %

Shares of NYSE:TTC opened at $111.79 on Friday. The Toro Company has a 12 month low of $71.86 and a 12 month high of $117.66. The company has a quick ratio of 0.59, a current ratio of 1.58 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $112.30 and its 200 day simple moving average is $103.40. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 26.55 and a beta of 0.73.

Toro (NYSE:TTC – Get Rating) last issued its quarterly earnings data on Wednesday, December 21st. The company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. Toro had a net margin of 9.82% and a return on equity of 35.67%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business posted $0.56 earnings per share. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. As a group, research analysts forecast that The Toro Company will post 4.95 EPS for the current fiscal year.

Toro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Wednesday, December 28th were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, December 27th. This represents a $1.36 dividend on an annualized basis and a yield of 1.22%. This is an increase from Toro’s previous quarterly dividend of $0.30. Toro’s dividend payout ratio (DPR) is 32.30%.

Toro Company Profile

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The Toro Co is in the business of designing, manufacturing, marketing, and selling professional turf maintenance equipment and services. It operates through the following segments: Professional and Residential. The Professional segment consists of turf and landscape equipment, rental, specialty, and underground construction equipment, snow & ice management equipment, and irrigation and lighting products.