Aigen Investment Management LP Purchases 5,528 Shares of Toro Company (The) (NYSE:TTC)

Aigen Investment Management LP raised its position in Toro Company (The) (NYSE:TTC) by 91.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 11,586 shares of the company’s stock after purchasing an additional 5,528 shares during the period. Aigen Investment Management LP’s holdings in Toro were worth $843,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors lifted its stake in Toro by 33.8% in the 4th quarter. Captrust Financial Advisors now owns 52,934 shares of the company’s stock valued at $4,240,000 after acquiring an additional 13,373 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Toro by 7.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 535,787 shares of the company’s stock valued at $38,882,000 after purchasing an additional 37,405 shares during the last quarter. M&T Bank Corp lifted its position in shares of Toro by 11.2% in the first quarter. M&T Bank Corp now owns 10,915 shares of the company’s stock worth $794,000 after purchasing an additional 1,098 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Toro by 87.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 45,449 shares of the company’s stock worth $3,306,000 after purchasing an additional 21,214 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Toro by 1.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company’s stock worth $1,033,000 after purchasing an additional 173 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the completion of the sale, the vice president owned 11,646 shares of the company’s stock, valued at approximately $826,749.54. The trade was a 34.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary Lee Ellis sold 5,038 shares of the company’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total transaction of $356,740.78. Following the completion of the transaction, the director owned 34,062 shares in the company, valued at approximately $2,411,930.22. This trade represents a 12.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TTC. Northland Capmk lowered shares of Toro from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 6th. Robert W. Baird lifted their target price on Toro from $84.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, June 3rd. Northland Securities reissued a “market perform” rating and set a $80.00 price target (down from $100.00) on shares of Toro in a research report on Friday, June 6th. Raymond James Financial decreased their price target on Toro from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, June 6th. Finally, DA Davidson set a $76.00 price objective on Toro and gave the stock a “neutral” rating in a research note on Monday, June 9th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $82.75.

Toro Stock Down 0.4%

Toro stock opened at $73.47 on Tuesday. Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $93.00. The firm has a market capitalization of $7.25 billion, a PE ratio of 18.84 and a beta of 0.80. The company’s 50-day moving average is $72.82 and its 200-day moving average is $73.88. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.81 and a quick ratio of 0.79.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, June 5th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Toro Company will post 4.41 earnings per share for the current year.

Toro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.52 annualized dividend and a yield of 2.1%. Toro’s dividend payout ratio (DPR) is currently 38.97%.

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.