Pittenger & Anderson Inc. Has $57,000 Holdings in The Toro Company (NYSE:TTC)

Pittenger & Anderson Inc. trimmed its position in shares of The Toro Company (NYSE:TTC) by 54.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 591 shares of the company’s stock after selling 709 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Toro were worth $57,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TTC. Orion Capital Management LLC acquired a new stake in shares of Toro in the third quarter valued at approximately $25,000. VisionPoint Advisory Group LLC raised its position in shares of Toro by 135.9% during the third quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock worth $25,000 after acquiring an additional 174 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Toro during the fourth quarter valued at $26,000. Millburn Ridgefield Corp bought a new position in Toro in the third quarter valued at about $30,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Toro in the third quarter worth about $30,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Insider Activity

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

Toro Trading Up 0.5 %

Toro stock traded up $0.47 during midday trading on Friday, hitting $87.19. 190,105 shares of the stock were exchanged, compared to its average volume of 717,492. The stock has a market capitalization of $9.10 billion, a PE ratio of 31.65 and a beta of 0.72. The company has a fifty day simple moving average of $89.44 and a two-hundred day simple moving average of $88.92. 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 Toro Company has a 52 week low of $78.35 and a 52 week high of $108.50.

Toro (NYSE:TTC) last announced 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 firm 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%. Toro’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. Equities research analysts anticipate that The Toro Company will post 4.3 EPS for the current fiscal year.

Toro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 28th. Toro’s dividend payout ratio is currently 52.55%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com downgraded shares of Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. DA Davidson increased their price objective on shares of Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Finally, TheStreet raised shares of Toro from a “c+” rating to a “b-” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $105.60.

Toro 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.