The Toro Company (NYSE:TTC) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its position in shares of The Toro Company (NYSE:TTC) by 49.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,485 shares of the company’s stock after purchasing an additional 489 shares during the period. Signaturefd LLC’s holdings in Toro were worth $143,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TTC. Orion Capital Management LLC purchased a new position in Toro in the third quarter valued at $25,000. VisionPoint Advisory Group LLC increased its holdings in Toro by 135.9% in the third 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 purchased a new position in Toro in the fourth quarter valued at $26,000. Millburn Ridgefield Corp purchased a new position in Toro in the third quarter valued at $30,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Toro in the third quarter valued at $30,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Toro

In related news, VP Edric C. Funk sold 615 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $89.57, for a total value of $55,085.55. Following the completion of the sale, the vice president now owns 1,049 shares in the company, valued at $93,958.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Gary Lee Ellis sold 5,192 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,933,276.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Edric C. Funk sold 615 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. 1.62% of the stock is owned by insiders.

Toro Stock Performance

NYSE TTC opened at $87.50 on Monday. 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 Toro Company has a 52-week low of $78.35 and a 52-week high of $108.50. The business’s 50-day moving average price is $89.32 and its 200 day moving average price is $88.98. The firm has a market cap of $9.14 billion, a P/E ratio of 31.93 and a beta of 0.72.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Toro had a return on equity of 26.66% and a net margin of 6.53%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the business earned $0.98 EPS. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, equities research analysts expect that The Toro Company will post 4.3 earnings per share for the current year.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were given a $0.36 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.65%. Toro’s payout ratio is currently 52.55%.

Analysts Set New Price Targets

Several research firms recently commented on TTC. StockNews.com lowered Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. TheStreet raised Toro from a “c+” rating to a “b-” rating in a report on Thursday, February 15th. Finally, DA Davidson raised their price objective on Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $105.60.

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.