UBS Group AG Has $2.37 Million Stock Holdings in The Toro Company (NYSE:TTC)

UBS Group AG lifted its position in shares of The Toro Company (NYSE:TTC – Get Rating) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,359 shares of the company’s stock after purchasing an additional 2,769 shares during the quarter. UBS Group AG’s holdings in Toro were worth $2,366,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wipfli Financial Advisors LLC bought a new stake in Toro during the 3rd quarter worth about $177,000. Millennium Management LLC grew its holdings in Toro by 1,983.0% during the second quarter. Millennium Management LLC now owns 462,994 shares of the company’s stock worth $35,090,000 after purchasing an additional 440,767 shares during the period. Nisa Investment Advisors LLC increased its position in Toro by 2.1% during the third quarter. Nisa Investment Advisors LLC now owns 52,214 shares of the company’s stock worth $4,529,000 after buying an additional 1,079 shares during the last quarter. Commerce Bank lifted its position in shares of Toro by 3.1% in the second quarter. Commerce Bank now owns 49,104 shares of the company’s stock valued at $3,722,000 after buying an additional 1,480 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Toro by 78.1% during the 3rd quarter. IFP Advisors Inc now owns 495 shares of the company’s stock worth $35,000 after acquiring an additional 217 shares during the period. 85.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Toro news, VP Blake M. Grams sold 6,199 shares of Toro stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $114.01, for a total transaction of $706,747.99. Following the transaction, the vice president now directly owns 36,998 shares of the company’s stock, valued at approximately $4,218,141.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Blake M. Grams sold 6,199 shares of the business’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $114.01, for a total value of $706,747.99. Following the transaction, the vice president now directly owns 36,998 shares of the company’s stock, valued at approximately $4,218,141.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Peter D. Moeller sold 430 shares of the business’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $116.62, for a total value of $50,146.60. Following the completion of the sale, the vice president now owns 4,204 shares in the company, valued at $490,270.48. The disclosure for this sale can be found here. Insiders have sold 39,733 shares of company stock valued at $4,492,359 in the last three months. 2.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research note on Tuesday. Raymond James upgraded Toro from a “market perform” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Friday, December 23rd. Finally, Robert W. Baird dropped their price objective on Toro from $120.00 to $116.00 in a report on Thursday, December 22nd.

Toro Trading Down 1.0 %

Shares of TTC stock opened at $112.72 on Tuesday. The firm has a market capitalization of $11.80 billion, a P/E ratio of 26.77 and a beta of 0.73. The Toro Company has a twelve month low of $71.86 and a twelve month high of $117.66. The company has a quick ratio of 0.59, a current ratio of 1.58 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $112.32 and its 200 day simple moving average is $103.95.

Toro (NYSE:TTC – Get Rating) last issued its quarterly earnings data on Wednesday, December 21st. The company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. Toro had a return on equity of 35.67% and a net margin of 9.82%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $0.56 EPS. Toro’s quarterly revenue was up 22.0% compared to the same quarter last year. As a group, sell-side analysts predict that The Toro Company will post 4.95 EPS for the current fiscal year.

Toro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Wednesday, December 28th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.21%. This is an increase from Toro’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, December 27th. Toro’s payout ratio is currently 32.30%.

About Toro

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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.