Yousif Capital Management LLC Sells 247 Shares of The Toro Company (NYSE:TTC)

Yousif Capital Management LLC lowered its stake in shares of The Toro Company (NYSE:TTC) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,856 shares of the company’s stock after selling 247 shares during the quarter. Yousif Capital Management LLC’s holdings in Toro were worth $4,786,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Toro by 24.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 128,430 shares of the company’s stock valued at $10,673,000 after purchasing an additional 25,228 shares during the last quarter. Parsons Capital Management Inc. RI bought a new position in shares of Toro during the 4th quarter valued at approximately $2,304,000. Raymond James & Associates increased its position in shares of Toro by 23.3% during the 4th quarter. Raymond James & Associates now owns 265,204 shares of the company’s stock valued at $25,457,000 after purchasing an additional 50,105 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Toro by 8.9% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 130,375 shares of the company’s stock valued at $10,834,000 after acquiring an additional 10,616 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Toro by 15.1% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 42,813 shares of the company’s stock valued at $3,558,000 after acquiring an additional 5,612 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

Toro Price Performance

Shares of TTC stock opened at $87.52 on Friday. The Toro Company has a twelve month low of $78.35 and a twelve month high of $108.50. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 31.94 and a beta of 0.72. The stock has a fifty day simple moving average of $89.32 and a two-hundred day simple moving average of $88.94. The company has a current ratio of 2.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76.

Toro (NYSE:TTC) last issued its earnings results on Thursday, March 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). Toro had a return on equity of 26.66% and a net margin of 6.53%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Toro’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, analysts predict that The Toro Company will post 4.3 EPS for the current fiscal year.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 28th. Toro’s dividend payout ratio is 52.55%.

Analyst Upgrades and Downgrades

TTC has been the topic of several research analyst reports. DA Davidson upped their price objective on Toro from $93.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. TheStreet raised Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. Finally, StockNews.com downgraded Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $105.60.

Insiders Place Their Bets

In other Toro news, VP Edric C. Funk sold 615 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $89.57, for a total value of $55,085.55. Following the completion of the sale, the vice president now directly owns 1,049 shares in the company, valued at approximately $93,958.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Gary Lee Ellis sold 5,192 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $88.75, for a total transaction of $460,790.00. Following the completion of the sale, the director now directly owns 33,051 shares in the company, valued at approximately $2,933,276.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Edric C. Funk sold 615 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $89.57, for a total value of $55,085.55. Following the sale, the vice president now owns 1,049 shares of the company’s stock, valued at $93,958.93. The disclosure for this sale can be found here. Company insiders own 1.62% of the company’s stock.

About Toro

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.