New York State Common Retirement Fund trimmed its holdings in The Toro Company (NYSE:TTC – Get Rating) by 2.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,350 shares of the company’s stock after selling 5,240 shares during the quarter. New York State Common Retirement Fund owned about 0.18% of Toro worth $16,017,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in shares of Toro by 58.0% in the fourth quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock valued at $32,000 after buying an additional 116 shares during the last quarter. Savant Capital LLC raised its holdings in Toro by 5.1% during the 4th quarter. Savant Capital LLC now owns 2,482 shares of the company’s stock worth $248,000 after purchasing an additional 121 shares during the last quarter. Tobam raised its holdings in Toro by 44.1% during the 1st quarter. Tobam now owns 523 shares of the company’s stock worth $45,000 after purchasing an additional 160 shares during the last quarter. M&T Bank Corp raised its holdings in Toro by 2.3% during the 4th quarter. M&T Bank Corp now owns 7,171 shares of the company’s stock worth $717,000 after purchasing an additional 161 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in Toro by 33.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 814 shares of the company’s stock worth $81,000 after purchasing an additional 204 shares during the last quarter. 82.56% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, VP Daryn A. Walters sold 1,670 shares of the firm’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $76.68, for a total transaction of $128,055.60. Following the sale, the vice president now directly owns 1,415 shares in the company, valued at $108,502.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Richard M. Olson sold 12,600 shares of Toro stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $76.33, for a total value of $961,758.00. Following the completion of the transaction, the chief executive officer now owns 9,575 shares of the company’s stock, valued at approximately $730,859.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Daryn A. Walters sold 1,670 shares of Toro stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $76.68, for a total transaction of $128,055.60. Following the completion of the transaction, the vice president now directly owns 1,415 shares of the company’s stock, valued at approximately $108,502.20. The disclosure for this sale can be found here. Insiders have sold a total of 23,462 shares of company stock worth $1,856,537 over the last ninety days. Company insiders own 2.10% of the company’s stock.
Wall Street Analyst Weigh In
Toro Trading Up 0.7 %
TTC opened at $87.32 on Friday. The firm’s fifty day moving average is $80.89 and its two-hundred day moving average is $85.24. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.70 and a current ratio of 1.50. The firm has a market cap of $9.13 billion, a PE ratio of 26.07 and a beta of 0.77. The Toro Company has a twelve month low of $71.86 and a twelve month high of $115.68.
Toro (NYSE:TTC – Get Rating) last issued its quarterly earnings data on Thursday, June 2nd. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). Toro had a return on equity of 30.52% and a net margin of 8.67%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that The Toro Company will post 4.1 EPS for the current year.
Toro Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Wednesday, June 22nd were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, June 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.37%. Toro’s payout ratio is 35.82%.
Toro Company Profile
The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment worldwide. The company's 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; and snow and ice management equipment, such as snowplows, brush, snow thrower attachment, 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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