Toro Co. (TTC) Position Cut by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado cut its stake in shares of Toro Co. (NYSE:TTC) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,555 shares of the company’s stock after selling 72 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.47% of Toro worth $22,628,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of TTC. Creative Planning boosted its position in Toro by 2.3% in the second quarter. Creative Planning now owns 1,492 shares of the company’s stock valued at $132,000 after buying an additional 33 shares during the last quarter. Advisory Services Network LLC boosted its position in Toro by 234.5% in the second quarter. Advisory Services Network LLC now owns 1,880 shares of the company’s stock valued at $166,000 after buying an additional 1,318 shares during the last quarter. Reynolds Capital Management LLC acquired a new position in Toro during the first quarter valued at about $267,000. Murphy Capital Management Inc. boosted its position in Toro by 4.7% in the second quarter. Murphy Capital Management Inc. now owns 3,350 shares of the company’s stock valued at $295,000 after buying an additional 150 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in Toro by 74.3% in the second quarter. LS Investment Advisors LLC now owns 3,412 shares of the company’s stock valued at $301,000 after buying an additional 1,454 shares during the last quarter. 37.47% of the stock is owned by hedge funds and other institutional investors.
Toro Co. (NYSE:TTC) traded down 1.43% during trading on Tuesday, reaching $46.31. The company’s stock had a trading volume of 270,597 shares. The firm’s 50-day moving average is $47.70 and its 200-day moving average is $45.26. Toro Co. has a 52-week low of $32.35 and a 52-week high of $49.50. The stock has a market cap of $5.06 billion, a P/E ratio of 23.20 and a beta of 0.49.
Toro (NYSE:TTC) last posted its earnings results on Thursday, August 18th. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.01. Toro had a net margin of 9.33% and a return on equity of 43.50%. The company had revenue of $601 million for the quarter, compared to analyst estimates of $623.79 million. During the same quarter in the prior year, the business posted $0.94 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. Equities research analysts forecast that Toro Co. will post $2.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. Toro’s payout ratio is currently 29.93%.
Several equities research analysts have issued reports on TTC shares. Northcoast Research restated a “neutral” rating on shares of Toro in a research report on Thursday, June 30th. Zacks Investment Research upgraded Toro from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. Five research analysts have rated the stock with a hold rating, Toro currently has a consensus rating of “Hold” and a consensus target price of C$45.67.
In other Toro news, VP William E. Brown, Jr. sold 6,000 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of C$98.34, for a total value of C$590,040.00. Following the completion of the transaction, the vice president now directly owns 93,469 shares of the company’s stock, valued at approximately C$9,191,741.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.94% of the company’s stock.
The Toro Company designs, manufactures and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The Company operates through three segments: Professional, Residential and Distribution.
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