UBS Group AG decreased its stake in shares of Toro Co (NYSE:TTC) by 58.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,708 shares of the company’s stock after selling 99,391 shares during the period. UBS Group AG’s holdings in Toro were worth $4,538,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TTC. Western Wealth Management LLC boosted its holdings in Toro by 5.7% in the fourth quarter. Western Wealth Management LLC now owns 3,700 shares of the company’s stock valued at $295,000 after acquiring an additional 200 shares during the last quarter. Carderock Capital Management Inc. boosted its holdings in Toro by 1.5% in the fourth quarter. Carderock Capital Management Inc. now owns 65,158 shares of the company’s stock valued at $5,191,000 after acquiring an additional 951 shares during the last quarter. Citizens Financial Group Inc RI acquired a new position in Toro in the fourth quarter valued at $36,000. Norges Bank acquired a new position in Toro in the fourth quarter valued at $81,847,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Toro in the fourth quarter valued at $311,000. 81.40% of the stock is owned by institutional investors.

Separately, Zacks Investment Research cut Toro from a “buy” rating to a “hold” rating in a report on Thursday. Five analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $72.33.

Shares of TTC opened at $67.90 on Friday. The stock’s 50-day moving average is $63.66 and its two-hundred day moving average is $73.79. The stock has a market cap of $7.24 billion, a PE ratio of 25.82, a P/E/G ratio of 2.01 and a beta of 0.70. Toro Co has a 12 month low of $52.07 and a 12 month high of $84.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 0.58.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.06. The company had revenue of $767.48 million for the quarter, compared to analysts’ expectations of $788.32 million. Toro had a return on equity of 39.44% and a net margin of 8.62%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, research analysts anticipate that Toro Co will post 3.37 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, June 19th. Toro’s dividend payout ratio is presently 33.33%.

Toro Profile

The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.

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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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