Coldstream Capital Management Inc. Has $517,000 Holdings in The Toro Company (NYSE:TTC)

Coldstream Capital Management Inc. decreased its position in The Toro Company (NYSE:TTC) by 74.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,383 shares of the company’s stock after selling 15,502 shares during the period. Coldstream Capital Management Inc.’s holdings in Toro were worth $517,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of Toro during the 3rd quarter worth approximately $25,000. VisionPoint Advisory Group LLC grew its holdings in Toro by 135.9% in the third quarter. VisionPoint Advisory Group LLC now owns 302 shares of the company’s stock worth $25,000 after purchasing an additional 174 shares during the period. Fortitude Family Office LLC bought a new stake in Toro in the fourth quarter valued at $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of Toro during the third quarter valued at about $30,000. Finally, Larson Financial Group LLC boosted its position in shares of Toro by 253.2% during the 3rd quarter. Larson Financial Group LLC now owns 498 shares of the company’s stock worth $41,000 after purchasing an additional 357 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

Analyst Ratings Changes

TTC has been the subject of a number of research analyst reports. StockNews.com lowered Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. TheStreet upgraded Toro from a “c+” rating to a “b-” rating in a report on Thursday, February 15th. Finally, DA Davidson increased their target price on Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. 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 stock. According to data from MarketBeat, Toro currently has an average rating of “Hold” and an average target price of $98.75.

Insiders Place Their Bets

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

Toro Price Performance

Shares of NYSE TTC opened at $83.09 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 2.13. The firm’s 50-day simple moving average is $88.03 and its 200 day simple moving average is $89.58. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 30.32 and a beta of 0.72. The Toro Company has a fifty-two week low of $78.35 and a fifty-two week high of $106.68.

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

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.73%. The ex-dividend date is Tuesday, June 18th. Toro’s dividend payout ratio (DPR) is presently 52.55%.

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.