SG Americas Securities LLC Sells 7,022 Shares of The Toro Company (NYSE:TTC)

SG Americas Securities LLC lessened its stake in The Toro Company (NYSE:TTC) by 64.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,815 shares of the company’s stock after selling 7,022 shares during the period. SG Americas Securities LLC’s holdings in Toro were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TTC. Headlands Technologies LLC bought a new stake in shares of Toro in the 1st quarter valued at about $66,000. Covestor Ltd grew its position in shares of Toro by 522.6% in the 1st quarter. Covestor Ltd now owns 716 shares of the company’s stock valued at $66,000 after buying an additional 601 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Toro in the 1st quarter valued at about $72,000. Fifth Third Bancorp grew its position in shares of Toro by 22.4% in the 2nd quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock valued at $85,000 after buying an additional 166 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Toro in the 2nd quarter valued at about $94,000. Institutional investors own 87.95% of the company’s stock.

Wall Street Analysts Forecast Growth

TTC has been the topic of several research analyst reports. Northland Securities restated a “market perform” rating and set a $100.00 target price on shares of Toro in a research report on Friday, September 6th. Robert W. Baird cut their target price on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. DA Davidson cut their target price on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Finally, StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Toro has a consensus rating of “Hold” and an average price target of $93.33.

Toro Stock Down 0.2 %

TTC stock opened at $83.89 on Friday. The stock’s 50 day simple moving average is $86.61 and its 200 day simple moving average is $88.68. The Toro Company has a fifty-two week low of $77.15 and a fifty-two week high of $102.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94. The company has a market cap of $8.61 billion, a P/E ratio of 22.02 and a beta of 0.68.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, September 5th. The company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). Toro had a return on equity of 25.94% and a net margin of 8.89%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that The Toro Company will post 4.16 earnings per share for the current fiscal year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, September 30th. Toro’s dividend payout ratio (DPR) is presently 37.80%.

Toro Company 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.