Asset Management One Co. Ltd. Sells 3,228 Shares of The Toro Company (NYSE:TTC)

Asset Management One Co. Ltd. lessened its holdings in The Toro Company (NYSE:TTC) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,335 shares of the company’s stock after selling 3,228 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Toro were worth $3,616,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TTC. Orion Capital Management LLC bought a new position in Toro in the 3rd quarter valued at approximately $25,000. VisionPoint Advisory Group LLC raised its holdings in Toro by 135.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock valued at $25,000 after buying an additional 174 shares during the last quarter. Fortitude Family Office LLC bought a new position in Toro in the 4th quarter valued at approximately $26,000. Fred Alger Management LLC bought a new position in Toro in the 4th quarter valued at approximately $29,000. Finally, Millburn Ridgefield Corp bought a new position in Toro in the 3rd quarter valued at approximately $30,000. Institutional investors own 87.95% of the company’s stock.

Insider Transactions at Toro

In other news, VP Edric C. Funk sold 615 shares of the firm’s stock in a transaction that occurred 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 approximately $93,958.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Gary Lee Ellis sold 5,192 shares of Toro stock in a transaction 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 sale, the director now 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 SEC, which is accessible through the SEC website. Also, VP Edric C. Funk sold 615 shares of Toro 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 directly owns 1,049 shares of the company’s stock, valued at approximately $93,958.93. The disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.

Toro Stock Up 1.4 %

Toro stock opened at $87.05 on Friday. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 31.77 and a beta of 0.72. The Toro Company has a 52-week low of $78.35 and a 52-week 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 has a 50 day moving average price of $91.32 and a two-hundred day moving average price of $88.69.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion. Toro had a return on equity of 26.66% and a net margin of 6.53%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. Equities analysts predict that The Toro Company will post 4.3 EPS for the current year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Monday, April 1st will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, March 28th. Toro’s dividend payout ratio (DPR) is 52.55%.

Wall Street Analyst Weigh In

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

About Toro

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.