Symmetry Partners LLC purchased a new stake in shares of The Toro Company (NYSE:TTC – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,905 shares of the company’s stock, valued at approximately $216,000.
Several other large investors have also added to or reduced their stakes in TTC. Oppenheimer Asset Management Inc. raised its position in shares of Toro by 0.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 12,892 shares of the company’s stock valued at $1,115,000 after buying an additional 93 shares during the last quarter. Utah Retirement Systems raised its position in shares of Toro by 0.5% during the third quarter. Utah Retirement Systems now owns 18,638 shares of the company’s stock valued at $1,612,000 after buying an additional 100 shares during the last quarter. Dearborn Partners LLC raised its position in shares of Toro by 2.8% during the third quarter. Dearborn Partners LLC now owns 3,864 shares of the company’s stock valued at $334,000 after buying an additional 104 shares during the last quarter. CWM LLC raised its position in shares of Toro by 27.8% during the third quarter. CWM LLC now owns 602 shares of the company’s stock valued at $52,000 after buying an additional 131 shares during the last quarter. Finally, Waldron Private Wealth LLC raised its position in shares of Toro by 4.8% during the third quarter. Waldron Private Wealth LLC now owns 3,163 shares of the company’s stock valued at $273,000 after buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 85.14% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on TTC shares. Raymond James upgraded shares of Toro from a “market perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research report on Friday, December 23rd. StockNews.com cut shares of Toro from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird reduced their price target on shares of Toro from $120.00 to $116.00 in a research report on Thursday, December 22nd.
Insider Buying and Selling at Toro
Toro Trading Down 1.7 %
TTC stock opened at $106.02 on Friday. 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 Toro Company has a twelve month low of $71.86 and a twelve month high of $117.66. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 23.25 and a beta of 0.73. The firm’s fifty day simple moving average is $111.77 and its two-hundred day simple moving average is $105.33.
Toro (NYSE:TTC – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. Toro had a net margin of 10.16% and a return on equity of 36.04%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted $0.66 earnings per share. The business’s revenue was up 23.2% compared to the same quarter last year. As a group, analysts anticipate that The Toro Company will post 4.9 earnings per share for the current year.
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.
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