The Toro Company (NYSE:TTC) Holdings Decreased by American International Group Inc.

American International Group Inc. lessened its stake in The Toro Company (NYSE:TTC) by 4.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,177 shares of the company’s stock after selling 6,149 shares during the period. American International Group Inc. owned 0.14% of Toro worth $13,552,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Neo Ivy Capital Management acquired a new stake in Toro in the 4th quarter valued at about $239,000. Cim LLC acquired a new stake in shares of Toro during the fourth quarter worth $12,882,000. V Square Quantitative Management LLC lifted its holdings in shares of Toro by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 1,354 shares of the company’s stock valued at $130,000 after purchasing an additional 482 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Toro in the 4th quarter valued at $4,050,000. Finally, Chilton Investment Co. Inc. increased its stake in Toro by 52.9% in the 4th quarter. Chilton Investment Co. Inc. now owns 71,143 shares of the company’s stock worth $6,829,000 after purchasing an additional 24,599 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Price Performance

Shares of TTC opened at $96.61 on Monday. The business’s 50-day moving average is $87.10 and its 200-day moving average is $89.91. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.93 and a quick ratio of 0.87. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 38.19 and a beta of 0.67. The Toro Company has a fifty-two week low of $77.15 and a fifty-two week high of $106.68.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Toro had a net margin of 6.00% and a return on equity of 25.04%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.58 EPS. Equities research analysts expect that The Toro Company will post 4.33 EPS for the current fiscal year.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, June 18th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.49%. Toro’s dividend payout ratio (DPR) is currently 56.92%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TTC. StockNews.com lowered shares of Toro from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. DA Davidson upped their price target on shares of Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Finally, Robert W. Baird lifted their price objective on shares of Toro from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.