Everpar Advisors LLC Acquires Shares of 2,744 The Toro Company (NYSE:TTC)

Everpar Advisors LLC acquired a new stake in shares of The Toro Company (NYSE:TTC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,744 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in Toro by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 641,596 shares of the company’s stock valued at $61,587,000 after purchasing an additional 26,708 shares during the period. Apollon Wealth Management LLC raised its position in Toro by 230.7% during the fourth quarter. Apollon Wealth Management LLC now owns 8,753 shares of the company’s stock valued at $840,000 after purchasing an additional 6,106 shares during the period. Machina Capital S.A.S. purchased a new stake in Toro during the fourth quarter valued at approximately $377,000. Private Advisor Group LLC raised its position in Toro by 20.4% during the fourth quarter. Private Advisor Group LLC now owns 6,210 shares of the company’s stock valued at $596,000 after purchasing an additional 1,051 shares during the period. Finally, Spire Wealth Management grew its stake in shares of Toro by 3.8% during the fourth quarter. Spire Wealth Management now owns 4,749 shares of the company’s stock valued at $441,000 after buying an additional 176 shares during the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TheStreet raised Toro from a “c+” rating to a “b-” rating in a research note on Thursday, February 15th. DA Davidson upped their target price on Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Finally, StockNews.com cut Toro from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Toro currently has a consensus rating of “Hold” and a consensus target price of $105.60.

Toro Stock Down 2.3 %

NYSE TTC traded down $2.08 during midday trading on Wednesday, hitting $87.00. 590,560 shares of the company traded hands, compared to its average volume of 711,644. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 0.86. The company has a market cap of $9.08 billion, a PE ratio of 31.75 and a beta of 0.72. The company’s 50-day simple moving average is $88.50 and its 200-day simple moving average is $89.12. The Toro Company has a 52 week low of $78.35 and a 52 week high of $108.50.

Toro (NYSE:TTC) last announced its earnings results on Thursday, March 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). Toro had a net margin of 6.53% and a return on equity of 26.66%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the business posted $0.98 EPS. The firm’s revenue was down 12.8% compared to the same quarter last year. As a group, equities research analysts forecast that The Toro Company will post 4.3 earnings per share for the current year.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.66%. Toro’s dividend payout ratio is presently 52.55%.

Insider Activity

In other news, VP Edric C. Funk sold 615 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $89.57, for a total transaction of $55,085.55. Following the completion of the sale, the vice president now owns 1,049 shares in the company, valued at approximately $93,958.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Edric C. Funk sold 615 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $89.57, for a total transaction of $55,085.55. Following the completion of the sale, the vice president now owns 1,049 shares in the company, valued at approximately $93,958.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary Lee Ellis sold 5,192 shares of the stock in a transaction 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 sale, the director now 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. Company insiders own 1.62% of the company’s stock.

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.