Bokf Na Raises Position in The Toro Company (NYSE:TTC)

Bokf Na lifted its stake in The Toro Company (NYSE:TTC) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,392 shares of the company’s stock after purchasing an additional 451 shares during the quarter. Bokf Na’s holdings in Toro were worth $922,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Toro by 6.1% in the 4th quarter. SG Americas Securities LLC now owns 11,239 shares of the company’s stock worth $1,079,000 after acquiring an additional 646 shares during the last quarter. Mutual Advisors LLC purchased a new position in shares of Toro during the fourth quarter valued at approximately $227,000. Raymond James & Associates grew its stake in shares of Toro by 23.3% during the fourth quarter. Raymond James & Associates now owns 265,204 shares of the company’s stock valued at $25,457,000 after buying an additional 50,105 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Toro by 75.9% in the fourth quarter. Pacer Advisors Inc. now owns 15,414 shares of the company’s stock worth $1,480,000 after buying an additional 6,651 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in shares of Toro by 63.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,085 shares of the company’s stock worth $98,000 after acquiring an additional 423 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

Insider Buying and Selling at Toro

In other news, CEO Richard M. Olson sold 20,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $95.19, for a total transaction of $1,903,800.00. Following the transaction, the chief executive officer now directly owns 17,913 shares in the company, valued at $1,705,138.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.62% of the company’s stock.

Toro Trading Down 0.0 %

Shares of Toro stock traded down $0.02 on Monday, hitting $96.74. 117,584 shares of the company traded hands, compared to its average volume of 891,009. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61. The company has a market cap of $10.05 billion, a PE ratio of 38.25 and a beta of 0.69. The stock’s 50 day moving average price is $90.96 and its 200-day moving average price is $90.60. The Toro Company has a 52 week low of $77.15 and a 52 week high of $104.70.

Toro (NYSE:TTC) last issued its earnings results on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Toro had a return on equity of 25.04% and a net margin of 6.00%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $1.58 EPS. Toro’s revenue was up .7% on a year-over-year basis. Equities research analysts predict that The Toro Company will post 4.32 EPS for the current year.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 18th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Tuesday, June 18th. Toro’s dividend payout ratio (DPR) is 56.92%.

Analysts Set New Price Targets

Separately, Robert W. Baird upped their price objective on Toro from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average 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.