Xponance Inc. Sells 854 Shares of The Toro Company (NYSE:TTC)

Xponance Inc. cut its stake in The Toro Company (NYSE:TTC) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,626 shares of the company’s stock after selling 854 shares during the period. Xponance Inc.’s holdings in Toro were worth $2,172,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TTC. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Toro by 25.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,180,246 shares of the company’s stock valued at $347,378,000 after buying an additional 835,637 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Toro by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,675,185 shares of the company’s stock valued at $222,308,000 after buying an additional 61,806 shares in the last quarter. Invesco Ltd. raised its stake in shares of Toro by 20.3% in the 3rd quarter. Invesco Ltd. now owns 1,209,725 shares of the company’s stock valued at $100,528,000 after buying an additional 204,542 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Toro by 249.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,061,930 shares of the company’s stock valued at $88,246,000 after buying an additional 757,641 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Toro by 4.2% in the 3rd quarter. Northern Trust Corp now owns 926,094 shares of the company’s stock valued at $76,958,000 after buying an additional 37,589 shares in the last quarter. 87.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. StockNews.com cut shares of Toro from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. TheStreet upgraded shares of Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. Finally, 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 research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $105.60.

Toro Trading Up 1.4 %

Shares of Toro stock opened at $86.31 on Tuesday. 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 stock has a market capitalization of $9.01 billion, a P/E ratio of 31.50 and a beta of 0.72. The Toro Company has a 12-month low of $78.35 and a 12-month high of $108.50. The company has a 50-day simple moving average of $89.98 and a 200 day simple moving average of $88.93.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). The company 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 company’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. Research analysts expect that The Toro Company will post 4.3 earnings per share for the current fiscal year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Thursday, March 28th. Toro’s payout ratio is presently 52.55%.

Insider Buying and Selling at Toro

In other Toro 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 approximately $2,933,276.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Toro 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 approximately $2,933,276.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the vice president now directly owns 1,049 shares in the company, 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 Company 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.