Xponance Inc. Sells 854 Shares of The Toro Company (NYSE:TTC)

Xponance Inc. trimmed its stake in shares of The Toro Company (NYSE:TTC) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,626 shares of the company’s stock after selling 854 shares during the quarter. Xponance Inc.’s holdings in Toro were worth $2,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTC. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Toro by 7.2% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 6,348 shares of the company’s stock valued at $609,000 after acquiring an additional 429 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Toro by 6.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the company’s stock valued at $634,000 after acquiring an additional 400 shares during the period. Quantum Private Wealth LLC boosted its position in shares of Toro by 11.0% in the fourth quarter. Quantum Private Wealth LLC now owns 6,223 shares of the company’s stock valued at $597,000 after acquiring an additional 618 shares during the period. SVB Wealth LLC boosted its position in shares of Toro by 8.3% in the fourth quarter. SVB Wealth LLC now owns 3,410 shares of the company’s stock valued at $327,000 after acquiring an additional 261 shares during the period. Finally, CTC Alternative Strategies Ltd. bought a new stake in shares of Toro in the fourth quarter valued at about $931,000. 87.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Toro news, Director Gary Lee Ellis sold 5,192 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $88.75, for a total transaction of $460,790.00. Following the completion of the transaction, the director now owns 33,051 shares of the company’s stock, valued at $2,933,276.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Edric C. Funk sold 615 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $89.57, for a total value of $55,085.55. Following the completion of the transaction, the vice president now owns 1,049 shares of the company’s stock, valued at $93,958.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Lee Ellis sold 5,192 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $88.75, for a total value of $460,790.00. Following the completion of the transaction, the director now directly owns 33,051 shares of the company’s stock, valued at approximately $2,933,276.25. The disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.

Toro Trading Up 1.4 %

TTC opened at $86.31 on Tuesday. The Toro Company has a twelve month low of $78.35 and a twelve month high of $108.50. The company has a 50-day simple moving average of $89.98 and a 200 day simple moving average of $88.93. The company has a quick ratio of 0.86, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 31.50 and a beta of 0.72.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1 billion. Toro had a return on equity of 26.66% and a net margin of 6.53%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. Analysts predict that The Toro Company will post 4.3 EPS for the current fiscal year.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, March 28th. Toro’s payout ratio is 52.55%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTC. DA Davidson boosted their target price on shares of Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. StockNews.com cut shares of Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, TheStreet raised shares of Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Toro has a consensus rating of “Hold” and a consensus target price of $105.60.

About Toro

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.