Avantax Advisory Services Inc. Has $653,000 Stock Position in The Toro Company (NYSE:TTC)

Avantax Advisory Services Inc. decreased its holdings in shares of The Toro Company (NYSE:TTCGet Rating) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,553 shares of the company’s stock after selling 302 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Toro were worth $653,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Dearborn Partners LLC boosted its holdings in shares of Toro by 2.8% during the 3rd quarter. Dearborn Partners LLC now owns 3,864 shares of the company’s stock worth $334,000 after buying an additional 104 shares during the period. Securian Asset Management Inc. boosted its holdings in Toro by 1.4% in the 2nd quarter. Securian Asset Management Inc. now owns 9,530 shares of the company’s stock valued at $722,000 after purchasing an additional 129 shares during the period. CWM LLC boosted its holdings in Toro by 27.8% in the 3rd quarter. CWM LLC now owns 602 shares of the company’s stock valued at $52,000 after purchasing an additional 131 shares during the period. Janiczek Wealth Management LLC boosted its holdings in Toro by 21.3% in the 3rd quarter. Janiczek Wealth Management LLC now owns 836 shares of the company’s stock valued at $79,000 after purchasing an additional 147 shares during the period. Finally, SVB Wealth LLC boosted its holdings in Toro by 4.2% in the 2nd quarter. SVB Wealth LLC now owns 3,665 shares of the company’s stock valued at $278,000 after purchasing an additional 149 shares during the period. 85.14% of the stock is owned by institutional investors.

Toro Trading Down 0.1 %

Shares of TTC stock opened at $109.48 on Monday. The Toro Company has a 52-week low of $71.86 and a 52-week high of $117.66. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 26.00 and a beta of 0.74. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.59 and a current ratio of 1.58. The firm has a fifty day moving average of $112.21 and a 200-day moving average of $98.09.

Toro (NYSE:TTCGet Rating) last announced its quarterly earnings data on Wednesday, December 21st. The company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Toro had a net margin of 9.82% and a return on equity of 35.67%. The business’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. On average, equities research analysts forecast that The Toro Company will post 4.95 earnings per share for the current fiscal year.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Wednesday, December 28th were given a dividend of $0.34 per share. The ex-dividend date was Tuesday, December 27th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from Toro’s previous quarterly dividend of $0.30. Toro’s dividend payout ratio (DPR) is 32.30%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Raymond James raised shares of Toro from a “market perform” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Friday, December 23rd. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a research note on Friday, January 13th. Finally, Robert W. Baird dropped their price objective on shares of Toro from $120.00 to $116.00 in a research note on Thursday, December 22nd.

Insider Buying and Selling

In related news, VP Blake M. Grams sold 6,199 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $114.01, for a total transaction of $706,747.99. Following the completion of the sale, the vice president now owns 36,998 shares in the company, valued at approximately $4,218,141.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Blake M. Grams sold 6,199 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $114.01, for a total transaction of $706,747.99. Following the completion of the sale, the vice president now owns 36,998 shares in the company, valued at approximately $4,218,141.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard W. Rodier sold 3,000 shares of the stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $112.72, for a total transaction of $338,160.00. Following the sale, the vice president now owns 23,737 shares of the company’s stock, valued at approximately $2,675,634.64. The disclosure for this sale can be found here. Insiders sold 39,733 shares of company stock worth $4,492,359 in the last quarter. 2.10% of the stock is owned by corporate insiders.

About Toro

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The Toro Company provides innovative solutions for the outdoor environment worldwide. It operates through two segments Professional and Residential. 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, 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, including snowplows; as well as stand-on snow and ice removal equipment, such as the related 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.

Further Reading

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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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