Lindenwold Advisors INC Sells 164 Shares of The Toro Company (NYSE:TTC)

Lindenwold Advisors INC trimmed its stake in shares of The Toro Company (NYSE:TTC) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,448 shares of the company’s stock after selling 164 shares during the period. Lindenwold Advisors INC’s holdings in Toro were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Toro by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,959,875 shares of the company’s stock worth $169,639,000 after acquiring an additional 29,105 shares during the period. Bank of New York Mellon Corp grew its holdings in Toro by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company’s stock valued at $95,123,000 after purchasing an additional 60,068 shares during the period. Amundi grew its holdings in Toro by 30.3% in the fourth quarter. Amundi now owns 1,121,116 shares of the company’s stock valued at $89,701,000 after purchasing an additional 260,746 shares during the period. King Luther Capital Management Corp grew its holdings in Toro by 3.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,043,833 shares of the company’s stock valued at $83,611,000 after purchasing an additional 36,750 shares during the period. Finally, US Bancorp DE grew its holdings in Toro by 3.2% in the fourth quarter. US Bancorp DE now owns 799,385 shares of the company’s stock valued at $64,031,000 after purchasing an additional 24,596 shares during the period. 87.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTC has been the topic of several research analyst reports. StockNews.com lowered Toro from a “buy” rating to a “hold” rating in a report on Tuesday. DA Davidson dropped their price objective on Toro from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. Robert W. Baird dropped their price objective on Toro from $88.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Northland Securities raised Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Toro Stock Performance

Shares of NYSE:TTC opened at $72.80 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The business’s 50 day moving average price is $80.12 and its 200-day moving average price is $82.65. The firm has a market capitalization of $7.27 billion, a PE ratio of 18.16 and a beta of 0.70. The Toro Company has a 1 year low of $71.75 and a 1 year high of $100.93.

Toro (NYSE:TTC) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, equities research analysts expect that The Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro declared that its Board of Directors has approved a share buyback program on Tuesday, December 10th that authorizes the company to buyback 4,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.09%. Toro’s payout ratio is 38.87%.

Toro 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.