Cape Cod Five Cents Savings Bank decreased its holdings in shares of Toro Co (NYSE:TTC) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,314 shares of the company’s stock after selling 2,810 shares during the quarter. Cape Cod Five Cents Savings Bank owned 0.08% of Toro worth $5,239,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of TTC. Fieldpoint Private Securities LLC acquired a new position in Toro during the third quarter worth about $172,000. Advisor Partners LLC acquired a new position in Toro during the fourth quarter worth about $214,000. Advisory Services Network LLC raised its stake in Toro by 17.4% during the second quarter. Advisory Services Network LLC now owns 3,556 shares of the company’s stock worth $246,000 after acquiring an additional 527 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Toro by 46.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,747 shares of the company’s stock valued at $375,000 after buying an additional 1,832 shares during the period. Finally, Mckinley Capital Management LLC Delaware increased its stake in shares of Toro by 25.3% in the third quarter. Mckinley Capital Management LLC Delaware now owns 6,766 shares of the company’s stock valued at $420,000 after buying an additional 1,366 shares during the period. 74.71% of the stock is owned by hedge funds and other institutional investors.
In related news, VP David H. Alkire sold 23,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $65.83, for a total value of $1,514,090.00. Following the sale, the vice president now directly owns 14,769 shares in the company, valued at $972,243.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bradley A. Hamilton sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $65.33, for a total value of $130,660.00. Following the completion of the sale, the vice president now owns 3,851 shares in the company, valued at $251,585.83. The disclosure for this sale can be found here. Insiders sold 73,000 shares of company stock valued at $4,814,630 in the last ninety days. 5.69% of the stock is currently owned by insiders.
Separately, Zacks Investment Research downgraded Toro from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $69.00.
Toro Co (NYSE TTC) opened at $59.99 on Monday. Toro Co has a 52 week low of $58.39 and a 52 week high of $73.86. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $6,400.00, a P/E ratio of 24.89, a PEG ratio of 2.29 and a beta of 0.59.
Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Toro had a return on equity of 44.66% and a net margin of 10.69%. The company had revenue of $488.60 million during the quarter, compared to the consensus estimate of $491.55 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. analysts expect that Toro Co will post 2.62 EPS for the current fiscal year.
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Toro Company Profile
The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.
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