FourThought Financial LLC Grows Stock Position in The Toro Company (NYSE:TTC)

FourThought Financial LLC boosted its stake in shares of The Toro Company (NYSE:TTC – Get Rating) by 29.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 670 shares of the company’s stock after buying an additional 153 shares during the period. FourThought Financial LLC’s holdings in Toro were worth $58,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTC. Bank of Montreal Can raised its holdings in Toro by 1.2% during the 1st quarter. Bank of Montreal Can now owns 49,173 shares of the company’s stock valued at $4,262,000 after buying an additional 563 shares during the period. APG Asset Management N.V. raised its holdings in Toro by 37.2% during the 1st quarter. APG Asset Management N.V. now owns 15,500 shares of the company’s stock valued at $1,191,000 after buying an additional 4,200 shares during the period. Great West Life Assurance Co. Can raised its holdings in Toro by 7.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 60,366 shares of the company’s stock valued at $5,309,000 after buying an additional 4,269 shares during the period. Dimensional Fund Advisors LP raised its holdings in Toro by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 883,779 shares of the company’s stock valued at $75,558,000 after buying an additional 23,223 shares during the period. Finally, Baird Financial Group Inc. increased its stake in Toro by 9.2% in the first quarter. Baird Financial Group Inc. now owns 37,193 shares of the company’s stock worth $3,180,000 after purchasing an additional 3,144 shares during the period. Hedge funds and other institutional investors own 85.14% of the company’s stock.

Insider Transactions at Toro

In other news, CEO Richard M. Olson sold 12,000 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $109.40, for a total transaction of $1,312,800.00. Following the transaction, the chief executive officer now owns 17,913 shares of the company’s stock, valued at approximately $1,959,682.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Richard M. Olson sold 12,000 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $109.40, for a total transaction of $1,312,800.00. Following the transaction, the chief executive officer now owns 17,913 shares of the company’s stock, valued at approximately $1,959,682.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richard W. Rodier sold 3,000 shares of the firm’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $112.72, for a total value of $338,160.00. Following the sale, the vice president now directly owns 23,737 shares in the company, valued at approximately $2,675,634.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,733 shares of company stock valued at $5,805,159. 2.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TTC has been the topic of a number of recent analyst reports. StockNews.com lowered Toro from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird reduced their target price on Toro from $120.00 to $116.00 in a research note on Thursday, December 22nd. Finally, Raymond James upgraded Toro from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research note on Friday, December 23rd.

Toro Stock Performance

TTC stock opened at $106.02 on Friday. The Toro Company has a twelve month low of $71.86 and a twelve month high of $117.66. The company has a quick ratio of 0.63, a current ratio of 1.78 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $111.77 and its two-hundred day simple moving average is $105.33. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 23.25 and a beta of 0.73.

Toro (NYSE:TTC – Get Rating) last posted its quarterly earnings results on Thursday, March 9th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. Toro had a return on equity of 36.04% and a net margin of 10.16%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The business’s revenue was up 23.2% compared to the same quarter last year. Analysts predict that The Toro Company will post 4.9 earnings per share for the current year.

Toro Profile

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The Toro Co is in the business of designing, manufacturing, marketing, and selling professional turf maintenance equipment and services. It operates through the following segments: Professional and Residential. The Professional segment consists of turf and landscape equipment, rental, specialty, and underground construction equipment, snow & ice management equipment, and irrigation and lighting products.