IFM Investors Pty Ltd Has $1.95 Million Stake in The Toro Company (NYSE:TTC)

IFM Investors Pty Ltd decreased its position in The Toro Company (NYSE:TTC) by 4.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 21,279 shares of the company’s stock after selling 1,071 shares during the period. IFM Investors Pty Ltd’s holdings in Toro were worth $1,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TTC. Orion Capital Management LLC acquired a new position in shares of Toro in the third quarter valued at approximately $25,000. VisionPoint Advisory Group LLC grew its position in shares of Toro by 135.9% in the third 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 last quarter. Fortitude Family Office LLC acquired a new position in shares of Toro in the fourth quarter valued at approximately $26,000. Rise Advisors LLC grew its position in shares of Toro by 2,057.1% in the first quarter. Rise Advisors LLC now owns 302 shares of the company’s stock valued at $28,000 after purchasing an additional 288 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new position in shares of Toro in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

Toro Price Performance

NYSE TTC traded up $0.78 on Friday, hitting $87.50. 419,610 shares of the company’s stock were exchanged, compared to its average volume of 646,881. The stock has a 50-day moving average of $89.32 and a 200-day moving average of $88.98. 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 Toro Company has a 52 week low of $78.35 and a 52 week high of $108.50. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 31.93 and a beta of 0.72.

Toro (NYSE:TTC) last released its earnings results 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 for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. Analysts expect that The Toro Company will post 4.3 earnings per share for the current year.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.65%. The ex-dividend date was Thursday, March 28th. Toro’s payout ratio is presently 52.55%.

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.