HighPoint Advisor Group LLC Has $871,000 Position in Toro Company (The) (TTC)

HighPoint Advisor Group LLC held its stake in Toro Company (The) (NYSE:TTC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,029 shares of the company’s stock at the end of the 2nd quarter. HighPoint Advisor Group LLC’s holdings in Toro Company (The) were worth $871,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Mackenzie Financial Corp raised its holdings in Toro Company (The) by 0.6% during the 1st quarter. Mackenzie Financial Corp now owns 7,578 shares of the company’s stock valued at $473,000 after acquiring an additional 48 shares during the period. Alps Advisors Inc. raised its holdings in Toro Company (The) by 0.6% during the 2nd quarter. Alps Advisors Inc. now owns 8,825 shares of the company’s stock valued at $611,000 after acquiring an additional 54 shares during the period. Lowe Brockenbrough & Co. Inc. raised its holdings in Toro Company (The) by 0.5% during the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 12,075 shares of the company’s stock valued at $837,000 after acquiring an additional 65 shares during the period. Janney Montgomery Scott LLC raised its holdings in Toro Company (The) by 0.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,413 shares of the company’s stock valued at $860,000 after acquiring an additional 72 shares during the period. Finally, World Asset Management Inc raised its holdings in Toro Company (The) by 2.8% during the 2nd quarter. World Asset Management Inc now owns 7,809 shares of the company’s stock valued at $541,000 after acquiring an additional 214 shares during the period. 74.86% of the stock is currently owned by institutional investors and hedge funds.

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TTC has been the topic of a number of analyst reports. Seaport Global Securities cut shares of Toro Company (The) from a “buy” rating to a “neutral” rating and set a $67.00 target price on the stock. in a report on Friday, August 25th. Zacks Investment Research raised shares of Toro Company (The) from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Thursday, July 13th. BidaskClub cut shares of Toro Company (The) from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Finally, Dougherty & Co cut shares of Toro Company (The) from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.75.

Toro Company (NYSE:TTC) traded up 0.72% on Thursday, hitting $62.80. 195,086 shares of the stock traded hands. The company’s 50 day moving average price is $61.54 and its 200-day moving average price is $66.45. Toro Company has a 52-week low of $46.09 and a 52-week high of $73.86. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 26.52 and a beta of 0.58.

Toro Company (The) (NYSE:TTC) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The firm had revenue of $627.90 million for the quarter, compared to the consensus estimate of $628.08 million. Toro Company (The) had a net margin of 10.63% and a return on equity of 45.32%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. On average, analysts forecast that Toro Company will post $2.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.70 annualized dividend and a dividend yield of 1.12%. Toro Company (The)’s payout ratio is 29.54%.

In other news, Director Katherine J. Harless sold 6,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $61.88, for a total transaction of $371,280.00. Following the sale, the director now directly owns 77,672 shares in the company, valued at approximately $4,806,343.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Blake M. Grams sold 8,200 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $60.93, for a total transaction of $499,626.00. Following the sale, the vice president now owns 8,200 shares in the company, valued at $499,626. The disclosure for this sale can be found here. Insiders have sold a total of 64,200 shares of company stock worth $875,406 over the last 90 days. Insiders own 5.69% of the company’s stock.

Toro Company (The) Company Profile

The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.

Institutional Ownership by Quarter for Toro Company (The) (NYSE:TTC)

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