DekaBank Deutsche Girozentrale Has $1.09 Million Stock Position in The Toro Company (NYSE:TTC)

DekaBank Deutsche Girozentrale cut its position in The Toro Company (NYSE:TTC) by 70.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,345 shares of the company’s stock after selling 27,411 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Toro were worth $1,090,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Fred Alger Management LLC acquired a new stake in shares of Toro in the fourth quarter valued at $29,000. Fortitude Family Office LLC acquired a new stake in shares of Toro in the fourth quarter valued at approximately $26,000. VisionPoint Advisory Group LLC raised its position in Toro by 135.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock worth $25,000 after purchasing an additional 174 shares during the last quarter. Orion Capital Management LLC bought a new position in Toro in the 3rd quarter worth approximately $25,000. Finally, Atlas Capital Advisors LLC acquired a new position in Toro during the 1st quarter worth $39,000. 87.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TTC. Robert W. Baird boosted their target price on Toro from $92.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. TheStreet raised Toro from a “c+” rating to a “b-” rating in a report on Thursday, February 15th. DA Davidson raised their target price 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, StockNews.com cut shares of Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $105.60.

Toro Price Performance

Toro stock opened at $85.77 on Monday. The firm has a market capitalization of $8.96 billion, a P/E ratio of 31.30 and a beta of 0.72. The business has a 50-day moving average of $91.16 and a 200-day moving average of $88.82. The company has a current ratio of 2.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. The Toro Company has a 1 year low of $78.35 and a 1 year high of $108.50.

Toro (NYSE:TTC) last issued its earnings results on Thursday, March 7th. The company reported $0.64 EPS 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 net margin of 6.53% and a return on equity of 26.66%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. On average, equities analysts anticipate that The Toro Company will post 4.3 EPS for the current year.

Toro Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.44 annualized dividend and a yield of 1.68%. Toro’s dividend payout ratio is presently 52.55%.

Insiders Place Their Bets

In other news, VP Edric C. Funk sold 615 shares of Toro stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $89.57, for a total transaction of $55,085.55. Following the transaction, the vice president now owns 1,049 shares in the company, valued at approximately $93,958.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Edric C. Funk sold 615 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $89.57, for a total value of $55,085.55. Following the sale, the vice president now directly owns 1,049 shares of the company’s stock, valued at approximately $93,958.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Lee Ellis sold 5,192 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $88.75, for a total value of $460,790.00. Following the transaction, the director now owns 33,051 shares of the company’s stock, valued at approximately $2,933,276.25. The disclosure for this sale can be found here. Corporate insiders own 1.62% of the company’s stock.

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.