The Toro Company (NYSE:TTC) Shares Bought by Mather Group LLC.

Mather Group LLC. lifted its stake in The Toro Company (NYSE:TTC) by 17.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,295 shares of the company’s stock after acquiring an additional 1,237 shares during the period. Mather Group LLC.’s holdings in Toro were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Great Waters Wealth Management boosted its position in Toro by 23.0% in the second quarter. Great Waters Wealth Management now owns 10,101 shares of the company’s stock valued at $945,000 after buying an additional 1,890 shares during the last quarter. DNB Asset Management AS boosted its holdings in Toro by 14.1% in the second quarter. DNB Asset Management AS now owns 25,962 shares of the company’s stock valued at $2,428,000 after purchasing an additional 3,201 shares during the last quarter. GAMMA Investing LLC grew its position in Toro by 635.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,898 shares of the company’s stock worth $271,000 after purchasing an additional 2,504 shares during the period. Confluence Investment Management LLC raised its stake in shares of Toro by 1.7% during the 2nd quarter. Confluence Investment Management LLC now owns 229,670 shares of the company’s stock valued at $21,476,000 after buying an additional 3,897 shares during the last quarter. Finally, Atria Investments Inc acquired a new position in shares of Toro in the 1st quarter valued at about $1,139,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Insider Buying and Selling at Toro

In other Toro news, CEO Richard M. Olson sold 20,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $95.19, for a total transaction of $1,903,800.00. Following the sale, the chief executive officer now directly owns 17,913 shares in the company, valued at approximately $1,705,138.47. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.62% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their target price on shares of Toro from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Toro currently has a consensus rating of “Hold” and a consensus target price of $98.75.

Toro Price Performance

Shares of NYSE TTC traded up $0.44 during midday trading on Wednesday, hitting $90.65. The stock had a trading volume of 159,788 shares, compared to its average volume of 889,719. The stock has a 50 day simple moving average of $92.21 and a 200-day simple moving average of $90.74. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $9.42 billion, a PE ratio of 35.66 and a beta of 0.69. The Toro Company has a 1 year low of $77.15 and a 1 year high of $104.23.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Toro had a return on equity of 25.04% and a net margin of 6.00%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. On average, sell-side analysts expect that The Toro Company will post 4.32 EPS for the current fiscal year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 18th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.44 annualized dividend and a yield of 1.59%. Toro’s dividend payout ratio (DPR) is 56.92%.

Toro 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.