JustInvest LLC Decreases Stock Holdings in The Toro Company (NYSE:TTC)

JustInvest LLC trimmed its position in The Toro Company (NYSE:TTC) by 12.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,570 shares of the company’s stock after selling 490 shares during the period. JustInvest LLC’s holdings in Toro were worth $348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Simon Quick Advisors LLC increased its stake in shares of Toro by 46.8% in the third quarter. Simon Quick Advisors LLC now owns 687 shares of the company’s stock worth $66,000 after buying an additional 219 shares during the period. Archer Investment Corp increased its position in Toro by 23.1% during the 3rd quarter. Archer Investment Corp now owns 746 shares of the company’s stock valued at $73,000 after purchasing an additional 140 shares during the period. Fifth Third Bancorp increased its position in Toro by 39.8% during the 3rd quarter. Fifth Third Bancorp now owns 748 shares of the company’s stock valued at $73,000 after purchasing an additional 213 shares during the period. HM Payson & Co. increased its position in Toro by 391.0% during the 2nd quarter. HM Payson & Co. now owns 982 shares of the company’s stock valued at $108,000 after purchasing an additional 782 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in Toro during the 2nd quarter valued at $124,000. 82.55% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on TTC. Bank of America downgraded shares of Toro from a “neutral” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a research report on Wednesday, October 27th. Zacks Investment Research raised shares of Toro from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a research report on Wednesday, December 29th.

NYSE:TTC opened at $98.62 on Friday. The firm’s 50-day moving average price is $100.57 and its 200-day moving average price is $104.11. The company has a market capitalization of $10.30 billion, a PE ratio of 26.09, a P/E/G ratio of 2.88 and a beta of 0.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.59 and a quick ratio of 0.80. The Toro Company has a 1-year low of $92.62 and a 1-year high of $118.13.

Toro (NYSE:TTC) last released its earnings results on Wednesday, December 15th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. Toro had a net margin of 10.35% and a return on equity of 32.74%. During the same period in the prior year, the firm posted $0.64 EPS. Equities analysts anticipate that The Toro Company will post 3.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 11th. Stockholders of record on Tuesday, December 28th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, December 27th. This is an increase from Toro’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.22%. Toro’s dividend payout ratio is currently 31.75%.

Toro Company Profile

The Toro Co is in the business of designing, manufacturing, marketing, and selling professional turf maintenance equipment and services. It operates through the following segments: Professional and Residential. The Professional segment consists of turf and landscape equipment, rental, specialty, and underground construction equipment, snow & ice management equipment, and irrigation and lighting products.

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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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