Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 10.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,562 shares of the construction company’s stock after purchasing an additional 9,956 shares during the period. Glenmede Trust Co. NA owned 0.11% of Toll Brothers worth $16,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Toll Brothers by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Toll Brothers by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after purchasing an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after purchasing an additional 83 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC raised its position in shares of Toll Brothers by 5.1% in the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after buying an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Bank of America lifted their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research report on Wednesday, August 21st. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $148.00 to $175.00 in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.87.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $164.75 on Friday. The business’s 50-day simple moving average is $153.22 and its 200 day simple moving average is $137.24. The company has a market cap of $16.63 billion, a P/E ratio of 11.35, a PEG ratio of 1.23 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers, Inc. has a one year low of $84.40 and a one year high of $169.52.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. Toll Brothers’s dividend payout ratio is currently 6.34%.

Insider Activity

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. The trade was a 33.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the transaction, the director now owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,000 shares of company stock worth $16,435,800. 1.54% of the stock is currently owned by company insiders.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.