The Toro Company (NYSE:TTC) Shares Acquired by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group increased its holdings in The Toro Company (NYSE:TTC) by 7.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,348 shares of the company’s stock after purchasing an additional 429 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Toro were worth $609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTC. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Toro by 2.6% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,900 shares of the company’s stock worth $396,000 after purchasing an additional 100 shares in the last quarter. Dearborn Partners LLC lifted its stake in shares of Toro by 2.8% in the third quarter. Dearborn Partners LLC now owns 3,864 shares of the company’s stock worth $334,000 after acquiring an additional 104 shares in the last quarter. Values First Advisors Inc. raised its stake in Toro by 0.6% during the fourth quarter. Values First Advisors Inc. now owns 17,216 shares of the company’s stock valued at $1,653,000 after buying an additional 110 shares in the last quarter. Fiera Capital Corp raised its stake in Toro by 2.7% during the third quarter. Fiera Capital Corp now owns 5,030 shares of the company’s stock valued at $418,000 after buying an additional 130 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its stake in Toro by 36.1% during the first quarter. Belpointe Asset Management LLC now owns 501 shares of the company’s stock valued at $56,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Stock Performance

Shares of NYSE:TTC traded down $0.01 during trading on Thursday, hitting $84.27. 157,457 shares of the company traded hands, compared to its average volume of 710,281. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 30.76 and a beta of 0.72. The business’s fifty day moving average is $90.69 and its 200-day moving average is $88.83. The Toro Company has a one year low of $78.35 and a one year high of $108.50. The company has a quick ratio of 0.86, a current ratio of 2.13 and a debt-to-equity ratio of 0.76.

Toro (NYSE:TTC) last posted its earnings results on Thursday, March 7th. The company reported $0.64 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 company posted $0.98 earnings per share. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. As a group, equities analysts predict that The Toro Company will post 4.3 earnings per share for the current fiscal year.

Toro Dividend Announcement

The firm also recently declared 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Thursday, March 28th. Toro’s dividend payout ratio (DPR) is 52.55%.

Insider Activity at Toro

In related news, VP Edric C. Funk sold 615 shares of Toro stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $89.57, for a total transaction of $55,085.55. Following the sale, the vice president now directly owns 1,049 shares in the company, valued at $93,958.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Edric C. Funk sold 615 shares of Toro stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $89.57, for a total transaction of $55,085.55. Following the sale, the vice president now directly owns 1,049 shares in the company, valued at $93,958.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary Lee Ellis sold 5,192 shares of Toro stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $88.75, for a total transaction of $460,790.00. Following the sale, the director now owns 33,051 shares in the company, valued at $2,933,276.25. The disclosure for this sale can be found here. Company insiders own 1.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TTC. TheStreet upgraded Toro from a “c+” rating to a “b-” rating in a research note on Thursday, February 15th. Robert W. Baird upped their price objective on Toro from $92.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, December 21st. DA Davidson upped their target price on Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Finally, StockNews.com lowered Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Toro has an average rating of “Hold” and an average price target 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.