Pensioenfonds Rail & OV Cuts Stock Position in The Toro Company (NYSE:TTC)

Pensioenfonds Rail & OV reduced its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 17.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 360,191 shares of the company's stock after selling 74,449 shares during the quarter. Pensioenfonds Rail & OV owned approximately 0.34% of Toro worth $33,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS Group AG raised its holdings in shares of Toro by 1.1% during the 3rd quarter. UBS Group AG now owns 60,100 shares of the company's stock worth $4,994,000 after buying an additional 666 shares in the last quarter. Paralel Advisors LLC raised its holdings in shares of Toro by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 17,225 shares of the company's stock worth $1,431,000 after buying an additional 215 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in Toro by 40.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,143 shares of the company's stock worth $261,000 after purchasing an additional 912 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Toro in the 3rd quarter worth about $267,000. Finally, Envestnet Asset Management Inc. increased its holdings in Toro by 24.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 128,430 shares of the company's stock worth $10,673,000 after purchasing an additional 25,228 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors.

Toro Trading Up 0.8 %

Shares of NYSE TTC traded up $0.73 during trading on Wednesday, reaching $91.44. The company had a trading volume of 937,218 shares, compared to its average volume of 885,372. The Toro Company has a 12 month low of $77.15 and a 12 month high of $106.68. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 0.61. The company's fifty day moving average price is $88.51 and its 200-day moving average price is $90.48. The stock has a market cap of $9.50 billion, a P/E ratio of 36.14 and a beta of 0.67.

Toro (NYSE:TTC - Get Free Report) last announced its earnings results on Thursday, June 6th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Toro had a return on equity of 25.04% and a net margin of 6.00%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The firm's revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts expect that The Toro Company will post 4.33 earnings per share for the current year.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 18th were paid a $0.36 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.57%. Toro's dividend payout ratio (DPR) is presently 56.92%.

Insider Buying and Selling at Toro

In other Toro news, CEO Richard M. Olson sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $95.19, for a total value of $1,903,800.00. Following the completion of the sale, the chief executive officer now owns 17,913 shares of the company's stock, valued at $1,705,138.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.62% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TTC. DA Davidson upped their target price on Toro from $93.00 to $95.00 and gave the stock a "neutral" rating in a report on Thursday, March 14th. Robert W. Baird upped their target price on Toro from $90.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, June 7th. Finally, StockNews.com cut Toro from a "hold" rating to a "sell" rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Toro has a consensus rating of "Hold" and a consensus price target of $98.75.

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.