Mather Group LLC. Purchases 1,237 Shares of The Toro Company (NYSE:TTC)

Mather Group LLC. increased its position in shares of The Toro Company (NYSE:TTC) by 17.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,295 shares of the company’s stock after buying an additional 1,237 shares during the quarter. Mather Group LLC.’s holdings in Toro were worth $760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC increased its position in shares of Toro by 63.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,085 shares of the company’s stock worth $98,000 after purchasing an additional 423 shares during the last quarter. Fifth Third Bancorp lifted its stake in Toro by 30.2% in the 4th quarter. Fifth Third Bancorp now owns 621 shares of the company’s stock valued at $60,000 after purchasing an additional 144 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in Toro by 238.8% during the fourth quarter. DAVENPORT & Co LLC now owns 8,914 shares of the company’s stock worth $861,000 after purchasing an additional 6,283 shares during the period. Ballentine Partners LLC acquired a new position in Toro during the fourth quarter worth approximately $290,000. Finally, Arizona State Retirement System increased its position in Toro by 0.7% during the fourth quarter. Arizona State Retirement System now owns 28,540 shares of the company’s stock worth $2,740,000 after buying an additional 192 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Insiders Place Their Bets

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

Toro Trading Up 0.5 %

Shares of NYSE TTC traded up $0.44 during trading on Wednesday, reaching $90.65. The company had a trading volume of 159,788 shares, compared to its average volume of 889,719. The company’s fifty day moving average price is $92.21 and its 200-day moving average price is $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 stock has a market cap of $9.42 billion, a P/E ratio of 35.66 and a beta of 0.69. The Toro Company has a 12 month low of $77.15 and a 12 month high of $104.23.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. Toro had a net margin of 6.00% and a return on equity of 25.04%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $1.58 earnings per share. Toro’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts expect that The Toro Company will post 4.32 earnings per share for the current year.

Toro Announces Dividend

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

Analysts Set New Price Targets

Separately, Robert W. Baird increased their price target on 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 issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Toro presently has an average rating of “Hold” and a consensus target price of $98.75.

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.