The Toro Company (NYSE:TTC) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in The Toro Company (NYSE:TTC) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,391 shares of the company’s stock after purchasing an additional 5,484 shares during the quarter. PNC Financial Services Group Inc. owned about 0.07% of Toro worth $6,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Values First Advisors Inc. increased its stake in shares of Toro by 0.6% during the fourth quarter. Values First Advisors Inc. now owns 17,216 shares of the company’s stock valued at $1,653,000 after acquiring an additional 110 shares during the period. Fiera Capital Corp increased its stake in shares of Toro by 2.7% during the third quarter. Fiera Capital Corp now owns 5,030 shares of the company’s stock valued at $418,000 after acquiring an additional 130 shares during the period. Natixis Advisors L.P. increased its stake in shares of Toro by 0.5% during the fourth quarter. Natixis Advisors L.P. now owns 25,092 shares of the company’s stock valued at $2,408,000 after acquiring an additional 137 shares during the period. Fifth Third Bancorp increased its stake in shares of Toro by 30.2% during the fourth quarter. Fifth Third Bancorp now owns 621 shares of the company’s stock valued at $60,000 after acquiring an additional 144 shares during the period. Finally, PrairieView Partners LLC increased its stake in shares of Toro by 13.5% during the fourth quarter. PrairieView Partners LLC now owns 1,345 shares of the company’s stock valued at $129,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Trading Down 3.7 %

Toro stock opened at $83.09 on Friday. The company has a 50 day moving average price of $88.03 and a 200 day moving average price of $89.58. The Toro Company has a 52 week low of $78.35 and a 52 week high of $106.68. 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 market capitalization of $8.68 billion, a price-to-earnings ratio of 30.32 and a beta of 0.72.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 26.66% and a net margin of 6.53%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. Research analysts forecast that The Toro Company will post 4.3 EPS for the current year.

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 18th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, June 18th. Toro’s dividend payout ratio (DPR) is currently 52.55%.

Insider Buying and Selling at Toro

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. StockNews.com lowered shares of Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. DA Davidson lifted their price target on shares of Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Finally, TheStreet upgraded shares of Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $98.75.

Toro Company 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.