The Toro Company (NYSE:TTC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in shares of The Toro Company (NYSE:TTC) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,803 shares of the company’s stock after selling 261 shares during the quarter. Thrivent Financial for Lutherans owned 0.15% of Toro worth $13,348,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTC. Asset Planning Inc bought a new position in Toro during the 4th quarter valued at $31,000. Venturi Wealth Management LLC lifted its position in shares of Toro by 195.7% during the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company’s stock worth $44,000 after purchasing an additional 362 shares during the last quarter. First Horizon Advisors Inc. grew its stake in Toro by 54.6% in the fourth quarter. First Horizon Advisors Inc. now owns 807 shares of the company’s stock worth $65,000 after purchasing an additional 285 shares in the last quarter. PrairieView Partners LLC increased its holdings in Toro by 14.7% in the fourth quarter. PrairieView Partners LLC now owns 1,547 shares of the company’s stock valued at $123,000 after buying an additional 198 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its stake in Toro by 87.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,657 shares of the company’s stock valued at $133,000 after buying an additional 772 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TTC. Northland Capmk upgraded Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. Raymond James dropped their target price on shares of Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. StockNews.com lowered shares of Toro from a “buy” rating to a “hold” rating in a report on Tuesday. Northland Securities upgraded shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research note on Monday, February 24th. Finally, Robert W. Baird lowered their target price on Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Toro has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Toro Trading Up 0.0 %

Shares of NYSE:TTC opened at $73.09 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $79.77 and its 200 day moving average price is $82.37. The company has a market cap of $7.30 billion, a PE ratio of 18.23 and a beta of 0.70. The Toro Company has a fifty-two week low of $71.23 and a fifty-two week high of $100.93.

Toro (NYSE:TTC) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. Toro had a return on equity of 27.25% and a net margin of 9.14%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that The Toro Company will post 4.41 earnings per share for the current year.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.38 per share. The ex-dividend date is Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 2.08%. Toro’s dividend payout ratio (DPR) is presently 38.87%.

Toro announced that its board has authorized a stock repurchase program on Tuesday, December 10th that authorizes the company to repurchase 4,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.