Hsbc Holdings PLC Purchases 3,697 Shares of The Toro Company (NYSE:TTC)

Hsbc Holdings PLC raised its position in The Toro Company (NYSE:TTCFree Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,265 shares of the company’s stock after purchasing an additional 3,697 shares during the period. Hsbc Holdings PLC owned approximately 0.06% of Toro worth $6,166,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Values First Advisors Inc. increased its stake in Toro by 0.6% in the fourth quarter. Values First Advisors Inc. now owns 17,216 shares of the company’s stock valued at $1,653,000 after purchasing an additional 110 shares in the last quarter. Fiera Capital Corp increased its position in shares of Toro by 2.7% during the third quarter. Fiera Capital Corp now owns 5,030 shares of the company’s stock worth $418,000 after acquiring an additional 130 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of Toro by 0.5% during the fourth quarter. Natixis Advisors L.P. now owns 25,092 shares of the company’s stock worth $2,408,000 after acquiring an additional 137 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Toro by 30.2% during the fourth quarter. Fifth Third Bancorp now owns 621 shares of the company’s stock worth $60,000 after acquiring an additional 144 shares in the last quarter. Finally, PrairieView Partners LLC increased its position in shares of Toro by 13.5% during the fourth quarter. PrairieView Partners LLC now owns 1,345 shares of the company’s stock worth $129,000 after acquiring an additional 160 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

Toro Stock Performance

Shares of TTC opened at $80.30 on Tuesday. The Toro Company has a 12 month low of $77.15 and a 12 month high of $106.68. The firm has a fifty day simple moving average of $86.59 and a 200 day simple moving average of $89.42. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 29.31 and a beta of 0.67. The company has a current ratio of 2.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76.

Toro (NYSE:TTCGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1 billion. Toro had a net margin of 6.53% and a return on equity of 26.66%. The business’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Research analysts forecast that The Toro Company will post 4.3 EPS for the current fiscal year.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 18th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, June 18th. Toro’s dividend payout ratio is currently 52.55%.

Wall Street Analyst Weigh In

TTC has been the subject of several research reports. TheStreet raised shares of Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. Robert W. Baird lowered their price objective on shares of Toro from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. DA Davidson increased their target price on shares of Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Finally, StockNews.com cut shares of Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $96.25.

Get Our Latest Analysis on Toro

Insider Buying and Selling at Toro

In other Toro news, VP Edric C. Funk sold 615 shares of the 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 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 filing with the SEC, which is accessible through this hyperlink. In other 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 transaction of $460,790.00. Following the completion of the sale, the director now owns 33,051 shares in the company, valued at approximately $2,933,276.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Edric C. Funk sold 615 shares of the firm’s 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 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. Corporate insiders own 1.62% of the company’s stock.

Toro Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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