Monroe Bank & Trust MI Increases Stake in Toro Company (The) (TTC)

Monroe Bank & Trust MI increased its position in Toro Company (The) (NYSE:TTC) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,129 shares of the company’s stock after buying an additional 34 shares during the period. Monroe Bank & Trust MI’s holdings in Toro Company (The) were worth $1,382,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Toro Company (The) by 50.4% in the first quarter. Bank of Montreal Can now owns 235,058 shares of the company’s stock worth $14,682,000 after buying an additional 78,776 shares during the last quarter. Creative Planning increased its stake in shares of Toro Company (The) by 11.0% in the first quarter. Creative Planning now owns 3,384 shares of the company’s stock worth $211,000 after buying an additional 335 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Toro Company (The) by 20.6% in the fourth quarter. Teachers Advisors LLC now owns 391,661 shares of the company’s stock worth $21,913,000 after buying an additional 66,842 shares during the last quarter. HighPoint Advisor Group LLC increased its stake in shares of Toro Company (The) by 74.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 16,389 shares of the company’s stock worth $1,002,000 after buying an additional 6,969 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its stake in shares of Toro Company (The) by 4.4% in the fourth quarter. Perigon Wealth Management LLC now owns 8,265 shares of the company’s stock worth $500,000 after buying an additional 346 shares during the last quarter. 76.72% of the stock is owned by institutional investors and hedge funds.

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

Toro Company (NYSE:TTC) traded down 0.75% on Tuesday, hitting $72.40. 602,297 shares of the company were exchanged. Toro Company has a 52 week low of $41.49 and a 52 week high of $73.00. The firm’s 50 day moving average is $68.01 and its 200 day moving average is $61.61. The company has a market capitalization of $7.81 billion, a P/E ratio of 32.21 and a beta of 0.52.

Toro Company (The) (NYSE:TTC) last announced its earnings results on Thursday, May 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.05. Toro Company (The) had a net margin of 10.23% and a return on equity of 44.74%. The business had revenue of $872.77 million for the quarter, compared to analyst estimates of $863.17 million. During the same quarter last year, the business earned $1.89 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Toro Company will post $2.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, June 21st. Toro Company (The)’s dividend payout ratio is currently 30.97%.

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A number of equities research analysts have recently issued reports on the stock. Longbow Research raised shares of Toro Company (The) from an “underperform” rating to a “neutral” rating in a research report on Monday, May 22nd. Cleveland Research raised shares of Toro Company (The) from a “neutral” rating to a “buy” rating in a research report on Thursday, March 30th. Zacks Investment Research downgraded shares of Toro Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Finally, Dougherty & Co reissued a “buy” rating and set a $65.00 price objective (up previously from $60.00) on shares of Toro Company (The) in a research report on Friday, February 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $58.50.

In other news, VP Darren L. Redetzke sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $71.00, for a total value of $568,000.00. Following the transaction, the vice president now directly owns 8,213 shares of the company’s stock, valued at $583,123. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Janet Katherine Cooper sold 3,048 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $62.35, for a total transaction of $190,042.80. Following the completion of the transaction, the director now directly owns 9,276 shares in the company, valued at $578,358.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,790 shares of company stock worth $5,043,840. Insiders own 5.69% of the company’s stock.

About Toro Company (The)

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.

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