Vestmark Advisory Solutions Inc. Purchases 9,064 Shares of The Toro Company (NYSE:TTC)

Vestmark Advisory Solutions Inc. increased its holdings in shares of The Toro Company (NYSE:TTC) by 37.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 33,564 shares of the company’s stock after purchasing an additional 9,064 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Toro were worth $3,222,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Orion Capital Management LLC bought a new stake in Toro in the 3rd quarter valued at $25,000. VisionPoint Advisory Group LLC boosted its holdings in Toro by 135.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock valued at $25,000 after purchasing an additional 174 shares during the period. Fortitude Family Office LLC acquired a new position in shares of Toro during the 4th quarter worth approximately $26,000. Millburn Ridgefield Corp acquired a new stake in shares of Toro in the third quarter valued at approximately $30,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Toro in the third quarter valued at approximately $30,000. Institutional investors own 87.95% of the company’s stock.

Insider Transactions at Toro

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

Toro Price Performance

TTC traded up $0.57 on Friday, reaching $88.31. The stock had a trading volume of 386,021 shares, compared to its average volume of 693,714. The company has a current ratio of 2.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 32.23 and a beta of 0.72. The Toro Company has a fifty-two week low of $78.35 and a fifty-two week high of $108.50. The firm has a 50-day moving average of $88.76 and a 200-day moving average of $89.00.

Toro (NYSE:TTC) last issued 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). Toro had a return on equity of 26.66% and a net margin of 6.53%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Toro Company will post 4.3 EPS for the current year.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were given a $0.36 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.63%. Toro’s dividend payout ratio (DPR) is currently 52.55%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TTC. StockNews.com cut Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. DA Davidson increased their price objective on shares of Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Finally, TheStreet upgraded shares of Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $105.60.

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.