AGF Investments LLC bought a new position in Toro Co (NYSE:TTC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,617 shares of the company’s stock, valued at approximately $691,000.
Other large investors have also recently bought and sold shares of the company. GQ Asset Management LLC purchased a new stake in shares of Toro in the first quarter worth about $33,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Toro in the fourth quarter worth about $34,000. BerganKDV Wealth Management LLC purchased a new stake in shares of Toro in the fourth quarter worth about $35,000. Citizens Financial Group Inc RI bought a new stake in Toro during the fourth quarter worth approximately $36,000. Finally, Synovus Financial Corp increased its stake in Toro by 1,687.8% during the first quarter. Synovus Financial Corp now owns 733 shares of the company’s stock worth $48,000 after acquiring an additional 692 shares during the last quarter. Institutional investors own 81.40% of the company’s stock.
Separately, Zacks Investment Research cut Toro from a “buy” rating to a “hold” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $72.33.
Shares of NYSE TTC opened at $67.64 on Friday. The business’s 50 day moving average is $63.66 and its two-hundred day moving average is $73.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 0.58. Toro Co has a 1-year low of $52.07 and a 1-year high of $84.26. The stock has a market capitalization of $7.26 billion, a P/E ratio of 21.76, a PEG ratio of 2.02 and a beta of 0.70.
Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.06. Toro had a return on equity of 39.44% and a net margin of 8.62%. The company had revenue of $767.48 million for the quarter, compared to analysts’ expectations of $788.32 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. As a group, equities research analysts anticipate that Toro Co will post 3.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Monday, June 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. Toro’s dividend payout ratio is 33.33%.
The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, 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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