6,089 Shares in The Toro Company (NYSE:TTC) Acquired by Walleye Capital LLC

Walleye Capital LLC acquired a new position in The Toro Company (NYSE:TTCGet Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,089 shares of the company’s stock, valued at approximately $521,000.

A number of other large investors also recently bought and sold shares of the business. TD Asset Management Inc. increased its position in shares of Toro by 11.8% during the first quarter. TD Asset Management Inc. now owns 96,446 shares of the company’s stock worth $8,245,000 after purchasing an additional 10,159 shares in the last quarter. Diversified Trust Co increased its position in shares of Toro by 13.7% during the first quarter. Diversified Trust Co now owns 12,450 shares of the company’s stock worth $1,064,000 after purchasing an additional 1,500 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Toro by 6.5% during the first quarter. Teacher Retirement System of Texas now owns 22,131 shares of the company’s stock worth $1,892,000 after purchasing an additional 1,358 shares in the last quarter. Amalgamated Bank increased its position in shares of Toro by 1.1% during the fourth quarter. Amalgamated Bank now owns 81,536 shares of the company’s stock worth $8,146,000 after purchasing an additional 921 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Toro by 0.5% during the first quarter. Mutual of America Capital Management LLC now owns 95,660 shares of the company’s stock worth $8,178,000 after purchasing an additional 457 shares in the last quarter. Institutional investors own 85.24% of the company’s stock.

Toro Price Performance

NYSE TTC opened at $89.48 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.59 and a quick ratio of 0.66. The stock’s fifty day moving average price is $86.52 and its 200 day moving average price is $83.37. The Toro Company has a 1 year low of $71.86 and a 1 year high of $106.31. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 24.52 and a beta of 0.76.

Toro (NYSE:TTCGet Rating) last released its earnings results on Thursday, September 1st. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.06. Toro had a return on equity of 32.35% and a net margin of 8.97%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm earned $0.92 EPS. The firm’s revenue was up 18.9% on a year-over-year basis. As a group, equities research analysts forecast that The Toro Company will post 4.2 earnings per share for the current year.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Wednesday, October 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, October 4th. Toro’s payout ratio is 32.88%.

Insider Buying and Selling at Toro

In other Toro news, VP Richard W. Rodier sold 4,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $91.43, for a total value of $365,720.00. Following the sale, the vice president now directly owns 22,326 shares of the company’s stock, valued at $2,041,266.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Toro news, VP Richard W. Rodier sold 4,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $91.43, for a total value of $365,720.00. Following the sale, the vice president now directly owns 22,326 shares of the company’s stock, valued at $2,041,266.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard M. Olson sold 12,600 shares of the company’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $76.33, for a total transaction of $961,758.00. Following the completion of the sale, the chief executive officer now directly owns 9,575 shares in the company, valued at $730,859.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,861 shares of company stock valued at $2,598,046. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TTC shares. Northcoast Research raised Toro from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 6th. Robert W. Baird reduced their price target on Toro from $108.00 to $94.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 31st. Finally, StockNews.com downgraded Toro from a “buy” rating to a “hold” rating in a research report on Friday, September 16th.

Toro Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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