Integrated Wealth Concepts LLC Takes $242,000 Position in The Toro Company (NYSE:TTC)

Integrated Wealth Concepts LLC acquired a new stake in shares of The Toro Company (NYSE:TTC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,178 shares of the company's stock, valued at approximately $242,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swiss National Bank raised its stake in Toro by 1.9% during the 4th quarter. Swiss National Bank now owns 252,500 shares of the company's stock valued at $28,583,000 after purchasing an additional 4,600 shares during the period. Commonwealth Equity Services LLC increased its position in Toro by 7.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,631 shares of the company's stock worth $1,882,000 after buying an additional 1,217 shares during the last quarter. HighTower Advisors LLC increased its position in Toro by 1,410.8% during the fourth quarter. HighTower Advisors LLC now owns 55,597 shares of the company's stock worth $6,295,000 after buying an additional 51,917 shares during the last quarter. Savant Capital LLC increased its position in Toro by 9.2% during the first quarter. Savant Capital LLC now owns 2,848 shares of the company's stock worth $317,000 after buying an additional 240 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Toro by 1.0% during the fourth quarter. Principal Financial Group Inc. now owns 412,040 shares of the company's stock worth $46,643,000 after buying an additional 3,952 shares during the last quarter. Institutional investors and hedge funds own 84.65% of the company's stock.

NYSE TTC opened at $101.13 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.78. The firm has a 50-day simple moving average of $100.83 and a 200 day simple moving average of $105.50. The Toro Company has a twelve month low of $80.44 and a twelve month high of $117.66. The stock has a market cap of $10.51 billion, a PE ratio of 20.60 and a beta of 0.72.

Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings data on Thursday, June 8th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.06. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.44 billion. Toro had a net margin of 10.73% and a return on equity of 36.32%. The company's revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.25 earnings per share. On average, research analysts forecast that The Toro Company will post 4.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Wednesday, June 21st were given a $0.34 dividend. The ex-dividend date was Tuesday, June 20th. This represents a $1.36 annualized dividend and a yield of 1.34%. Toro's dividend payout ratio is currently 27.70%.

Several research firms have commented on TTC. Robert W. Baird lowered their target price on shares of Toro from $120.00 to $110.00 in a research report on Friday, June 9th. StockNews.com upgraded shares of Toro from a "hold" rating to a "buy" rating in a report on Monday, July 17th. CL King began coverage on shares of Toro in a report on Friday, May 19th. They set a "buy" rating and a $133.00 price target for the company. Northland Securities began coverage on shares of Toro in a report on Monday, April 17th. They set a "market perform" rating and a $110.00 price target for the company. Finally, DA Davidson began coverage on shares of Toro in a report on Wednesday, June 21st. They set a "buy" rating and a $117.00 price target for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.00.

In related news, VP Daryn A. Walters acquired 1,654 shares of the business's stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average cost of $97.41 per share, with a total value of $161,116.14. Following the transaction, the vice president now owns 3,684 shares of the company's stock, valued at approximately $358,858.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.22% of the stock is currently owned by insiders.

The Toro Company provides innovative solutions for the outdoor environment worldwide. It operates through two segments Professional and Residential. The company's 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, including snowplows; as well as stand-on snow and ice removal equipment, such as the related 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.

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