Dorsey & Whitney Trust CO LLC Grows Holdings in The Toro Company (NYSE:TTC)

Dorsey & Whitney Trust CO LLC boosted its stake in The Toro Company (NYSE:TTC) by 3.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 147,122 shares of the company’s stock after purchasing an additional 5,392 shares during the period. Toro comprises approximately 1.0% of Dorsey & Whitney Trust CO LLC’s portfolio, making the stock its 24th largest position. Dorsey & Whitney Trust CO LLC owned 0.14% of Toro worth $13,757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTC. UMB Bank n.a. increased its stake in Toro by 1,204.8% during the 1st quarter. UMB Bank n.a. now owns 274 shares of the company’s stock worth $25,000 after buying an additional 253 shares during the period. Rise Advisors LLC increased its position in shares of Toro by 2,057.1% during the first quarter. Rise Advisors LLC now owns 302 shares of the company’s stock worth $28,000 after acquiring an additional 288 shares during the period. Principal Securities Inc. acquired a new stake in shares of Toro in the fourth quarter valued at $66,000. Covestor Ltd boosted its holdings in Toro by 522.6% in the first quarter. Covestor Ltd now owns 716 shares of the company’s stock valued at $66,000 after purchasing an additional 601 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Toro during the 1st quarter worth $66,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Trading Up 0.8 %

TTC opened at $82.66 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94. The Toro Company has a one year low of $77.15 and a one year high of $102.00. The company has a market cap of $8.48 billion, a P/E ratio of 32.67 and a beta of 0.69. The business’s 50-day simple moving average is $91.55 and its 200-day simple moving average is $89.93.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, September 5th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. As a group, equities research analysts expect that The Toro Company will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Toro news, CEO Richard M. Olson sold 20,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $95.19, for a total value of $1,903,800.00. Following the completion of the transaction, the chief executive officer now owns 17,913 shares in the company, valued at $1,705,138.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.62% of the stock is owned by company insiders.

Analysts Set New Price Targets

TTC has been the topic of a number of analyst reports. Northland Securities reaffirmed a “market perform” rating and issued a $100.00 price target on shares of Toro in a research report on Friday. Robert W. Baird reduced their target price on shares of Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Monday. Finally, DA Davidson dropped their price objective on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $93.33.

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.