Amalgamated Bank Trims Position in The Toro Company (NYSE:TTC)

Amalgamated Bank cut its holdings in shares of The Toro Company (NYSE:TTCGet Rating) by 1.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 80,338 shares of the company’s stock after selling 1,198 shares during the quarter. Amalgamated Bank’s holdings in Toro were worth $6,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TTC. City State Bank acquired a new stake in shares of Toro during the 4th quarter worth approximately $33,000. Tobam grew its stake in shares of Toro by 44.1% during the 1st quarter. Tobam now owns 523 shares of the company’s stock worth $45,000 after purchasing an additional 160 shares during the period. Quent Capital LLC acquired a new stake in shares of Toro during the 4th quarter worth approximately $63,000. Meeder Asset Management Inc. acquired a new stake in shares of Toro during the 1st quarter worth approximately $55,000. Finally, CWM LLC grew its stake in shares of Toro by 47.2% during the 1st quarter. CWM LLC now owns 695 shares of the company’s stock worth $59,000 after purchasing an additional 223 shares during the period. 85.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Toro news, VP Daryn A. Walters sold 1,670 shares of Toro stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $76.68, for a total transaction of $128,055.60. Following the sale, the vice president now owns 1,415 shares of the company’s stock, valued at approximately $108,502.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Daryn A. Walters sold 1,670 shares of Toro stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $76.68, for a total transaction of $128,055.60. Following the transaction, the vice president now owns 1,415 shares in the company, valued at approximately $108,502.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard M. Olson sold 12,600 shares of Toro stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $76.33, for a total value of $961,758.00. Following the transaction, the chief executive officer now owns 9,575 shares in the company, valued at approximately $730,859.75. The disclosure for this sale can be found here. Insiders have sold a total of 27,595 shares of company stock valued at $2,301,754 in the last 90 days. 2.10% of the stock is owned by insiders.

Toro Trading Down 1.6 %

Shares of TTC opened at $88.85 on Monday. The Toro Company has a 52-week low of $71.86 and a 52-week high of $106.31. The company has a quick ratio of 0.66, a current ratio of 1.59 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average is $85.80 and its two-hundred day moving average is $83.28. The stock has a market cap of $9.26 billion, a PE ratio of 24.34 and a beta of 0.76.

Toro (NYSE:TTCGet Rating) last announced its earnings results on Thursday, September 1st. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.06. Toro had a net margin of 8.97% and a return on equity of 32.35%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. Research analysts forecast that The Toro Company will post 4.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTC has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on shares of Toro from $108.00 to $94.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 31st. Northcoast Research raised shares of Toro from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 6th. Finally, StockNews.com cut shares of Toro from a “buy” rating to a “hold” rating in a research note on Friday.

About Toro

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The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment worldwide. 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; and snow and ice management equipment, such as snowplows, brush, snow thrower attachment, 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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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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