Comerica Bank trimmed its holdings in shares of The Toro Company (NYSE:TTC – Get Rating) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,391 shares of the company’s stock after selling 1,818 shares during the quarter. Comerica Bank’s holdings in Toro were worth $5,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. grew its stake in Toro by 0.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,892 shares of the company’s stock worth $1,115,000 after buying an additional 93 shares during the last quarter. Utah Retirement Systems raised its stake in Toro by 0.5% in the 3rd quarter. Utah Retirement Systems now owns 18,638 shares of the company’s stock worth $1,612,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Toro by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,900 shares of the company’s stock worth $3,158,000 after acquiring an additional 100 shares during the last quarter. Dearborn Partners LLC raised its stake in Toro by 2.8% in the 3rd quarter. Dearborn Partners LLC now owns 3,864 shares of the company’s stock worth $334,000 after acquiring an additional 104 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its stake in Toro by 0.4% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 27,464 shares of the company’s stock worth $3,109,000 after acquiring an additional 114 shares during the last quarter. 85.14% of the stock is currently owned by hedge funds and other institutional investors.
Toro Stock Performance
NYSE TTC opened at $103.67 on Wednesday. The stock has a 50-day simple moving average of $109.97 and a two-hundred day simple moving average of $107.77. The firm has a market capitalization of $10.81 billion, a P/E ratio of 22.73 and a beta of 0.72. The Toro Company has a fifty-two week low of $71.86 and a fifty-two week high of $117.66. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.63 and a current ratio of 1.78.
Toro Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 19th. Stockholders of record on Thursday, April 6th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, April 5th. Toro’s dividend payout ratio (DPR) is presently 29.82%.
Insider Activity
In other Toro news, VP Daryn A. Walters bought 910 shares of the company’s stock in a transaction dated Thursday, March 30th. The shares were purchased at an average cost of $110.05 per share, for a total transaction of $100,145.50. Following the transaction, the vice president now directly owns 1,740 shares of the company’s stock, valued at $191,487. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Daryn A. Walters acquired 910 shares of the stock in a transaction that occurred on Thursday, March 30th. The shares were bought at an average cost of $110.05 per share, for a total transaction of $100,145.50. Following the acquisition, the vice president now owns 1,740 shares in the company, valued at approximately $191,487. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory S. Janey sold 1,630 shares of Toro stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $107.76, for a total value of $175,648.80. Following the completion of the sale, the vice president now owns 2,708 shares in the company, valued at $291,814.08. The disclosure for this sale can be found here. Insiders have sold 59,634 shares of company stock worth $6,516,758 in the last ninety days. Company insiders own 2.22% of the company’s stock.
Analyst Upgrades and Downgrades
TTC has been the subject of a number of research analyst reports. StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research note on Thursday, March 23rd. Robert W. Baird reduced their price objective on Toro from $120.00 to $116.00 in a research note on Thursday, December 22nd. Finally, Raymond James upgraded Toro from a “market perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research note on Friday, December 23rd.
Toro Profile
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Toro (TTC)
- Weight Watchers Reshapes Itself with a Game-Changer Acquisition
- Nano Dimension Prints Growth: Enters Hypergrowth Phase
- Two Tiny Mining Stocks Worth Considering for the Next Gold Rush
- CF Is Set To Harvest The Bull Run In Agricultural Stocks
- Oracle Dips But The Trend Is Strong
Want to see what other hedge funds are holding TTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toro Company (NYSE:TTC – Get Rating).
Receive News & Ratings for Toro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro and related companies with MarketBeat.com's FREE daily email newsletter.
