Public Employees Retirement Association of Colorado lowered its position in Toro Co. (NYSE:TTC) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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’s holdings in Toro were worth $22,628,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Toro by 0.3% in the first quarter. JPMorgan Chase & Co. now owns 1,496,148 shares of the company’s stock worth $128,848,000 after buying an additional 4,969 shares during the last quarter. State Street Corp boosted its position in shares of Toro by 0.8% in the first quarter. State Street Corp now owns 1,492,939 shares of the company’s stock worth $128,575,000 after buying an additional 12,436 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Toro by 5.9% in the first quarter. Wellington Management Group LLP now owns 360,861 shares of the company’s stock worth $31,078,000 after buying an additional 20,071 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Toro by 10.0% in the first quarter. Geode Capital Management LLC now owns 338,158 shares of the company’s stock worth $29,122,000 after buying an additional 30,677 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Toro during the second quarter worth approximately $20,944,000. 37.47% of the stock is owned by institutional investors.
Toro Co. (NYSE:TTC) traded down 1.43% during trading on Tuesday, hitting $46.31. 270,597 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $47.70 and a 200 day moving average price of $45.26. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 23.20 and a beta of 0.49. Toro Co. has a 52-week low of $32.35 and a 52-week high of $49.50.
Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, August 18th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.01. The firm earned $601 million during the quarter, compared to analysts’ expectations of $623.79 million. Toro had a net margin of 9.33% and a return on equity of 43.50%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 earnings per share. On average, equities research analysts predict that Toro Co. will post $2.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. Toro’s dividend payout ratio (DPR) is presently 29.93%.
TTC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Toro from a “sell” rating to a “hold” rating in a research report on Friday, September 16th. Northcoast Research reiterated a “neutral” rating on shares of Toro in a research report on Thursday, June 30th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of C$45.67.
In other news, VP William E. Brown, Jr. sold 6,000 shares of the 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 sale, the vice president now directly owns 93,469 shares of the company’s stock, valued at C$9,191,741.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.94% of the stock is currently owned by insiders.
Toro Company Profile
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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