The Toro Company (NYSE:TTC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of The Toro Company (NYSE:TTC) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,139 shares of the company’s stock after selling 1,794 shares during the quarter. Yousif Capital Management LLC’s holdings in Toro were worth $2,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC lifted its holdings in Toro by 127.2% in the 4th quarter. True Wealth Design LLC now owns 368 shares of the company’s stock worth $29,000 after buying an additional 206 shares in the last quarter. Asset Planning Inc purchased a new position in Toro in the fourth quarter valued at about $31,000. Venturi Wealth Management LLC boosted its holdings in Toro by 195.7% in the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company’s stock valued at $44,000 after purchasing an additional 362 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock valued at $43,000 after purchasing an additional 127 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company’s stock worth $65,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Insider Buying and Selling

In other Toro news, Director Gary Lee Ellis sold 5,038 shares of the company’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total value of $356,740.78. Following the completion of the transaction, the director now owns 34,062 shares in the company, valued at approximately $2,411,930.22. This represents a 12.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TTC shares. Northland Capmk downgraded shares of Toro from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 6th. DA Davidson set a $76.00 target price on shares of Toro and gave the stock a “neutral” rating in a research report on Monday, June 9th. Northland Securities restated a “market perform” rating and issued a $80.00 target price (down previously from $100.00) on shares of Toro in a research note on Friday, June 6th. Robert W. Baird lifted their price target on Toro from $84.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 3rd. Finally, Wall Street Zen lowered Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $82.75.

Toro Trading Down 3.6%

NYSE TTC opened at $67.27 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The Toro Company has a one year low of $62.34 and a one year high of $100.93. The company has a 50-day simple moving average of $71.28 and a 200-day simple moving average of $76.84. The firm has a market capitalization of $6.64 billion, a PE ratio of 16.78 and a beta of 0.83.

Toro (NYSE:TTC) last issued its earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. Toro’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 earnings per share. On average, equities analysts forecast that The Toro Company will post 4.41 earnings per share for the current year.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, June 17th. This represents a $1.52 annualized dividend and a dividend yield of 2.26%. Toro’s dividend payout ratio is currently 38.97%.

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.