Marks Group Wealth Management Inc Has $6.40 Million Stock Holdings in The Toro Company (NYSE:TTC)

Marks Group Wealth Management Inc lifted its position in The Toro Company (NYSE:TTC) by 2.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 66,697 shares of the company’s stock after purchasing an additional 1,447 shares during the period. Marks Group Wealth Management Inc’s holdings in Toro were worth $6,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TTC. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Toro by 25.0% during 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 purchasing an additional 835,637 shares during the period. Wellington Management Group LLP boosted its position in shares of Toro by 249.0% in the third quarter. Wellington Management Group LLP now owns 1,061,930 shares of the company’s stock valued at $88,246,000 after acquiring an additional 757,641 shares during the period. Invesco Ltd. grew its stake in shares of Toro by 20.3% in the third quarter. Invesco Ltd. now owns 1,209,725 shares of the company’s stock worth $100,528,000 after acquiring an additional 204,542 shares during the last quarter. Alps Advisors Inc. increased its position in Toro by 2,481.2% during the third quarter. Alps Advisors Inc. now owns 74,985 shares of the company’s stock worth $6,231,000 after acquiring an additional 72,080 shares during the period. Finally, Cape Cod Five Cents Savings Bank raised its stake in Toro by 99.5% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 129,240 shares of the company’s stock valued at $10,740,000 after purchasing an additional 64,446 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

Insider Activity at Toro

In other news, VP Edric C. Funk sold 615 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $89.57, for a total value of $55,085.55. Following the sale, the vice president now owns 1,049 shares in the company, valued at approximately $93,958.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Gary Lee Ellis sold 5,192 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.75, for a total transaction of $460,790.00. Following the sale, the director now directly owns 33,051 shares in the company, valued at approximately $2,933,276.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Edric C. Funk sold 615 shares of Toro stock in a transaction on Friday, March 15th. The shares were sold at an average price of $89.57, for a total value of $55,085.55. Following the completion of the transaction, the vice president now owns 1,049 shares of the company’s stock, valued at approximately $93,958.93. The disclosure for this sale can be found here. 1.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TTC shares. TheStreet upgraded shares of Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. DA Davidson lifted their target price on Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Finally, StockNews.com cut Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $105.60.

Toro Trading Up 0.4 %

Shares of TTC stock opened at $86.65 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 2.13. The firm has a fifty day moving average of $89.81 and a 200-day moving average of $88.95. The Toro Company has a 52-week low of $78.35 and a 52-week high of $108.50. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 31.62 and a beta of 0.72.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1 billion. Toro had a return on equity of 26.66% and a net margin of 6.53%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. On average, equities research analysts forecast that The Toro Company will post 4.3 earnings per share for the current fiscal year.

Toro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.66%. Toro’s dividend payout ratio (DPR) is presently 52.55%.

About Toro

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.