Fisher Asset Management LLC cut its position in The Toro Company (NYSE:TTC – Get Rating) by 94.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,599 shares of the company’s stock after selling 904,966 shares during the quarter. Fisher Asset Management LLC owned approximately 0.05% of Toro worth $6,407,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in TTC. Bank of Montreal Can boosted its position in shares of Toro by 1.2% in the 1st quarter. Bank of Montreal Can now owns 49,173 shares of the company’s stock valued at $4,262,000 after purchasing an additional 563 shares during the period. APG Asset Management N.V. boosted its position in shares of Toro by 37.2% in the 1st quarter. APG Asset Management N.V. now owns 15,500 shares of the company’s stock valued at $1,191,000 after purchasing an additional 4,200 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Toro by 7.6% in 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 purchasing an additional 4,269 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Toro by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 883,779 shares of the company’s stock valued at $75,558,000 after purchasing an additional 23,223 shares during the period. Finally, Baird Financial Group Inc. raised its stake in Toro by 9.2% during the 1st quarter. Baird Financial Group Inc. now owns 37,193 shares of the company’s stock valued at $3,180,000 after acquiring an additional 3,144 shares during the last quarter. 85.14% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Toro
In related news, VP Blake M. Grams sold 11,400 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $107.05, for a total value of $1,220,370.00. Following the completion of the transaction, the vice president now directly owns 37,106 shares of the company’s stock, valued at approximately $3,972,197.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Blake M. Grams sold 11,400 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $107.05, for a total value of $1,220,370.00. Following the completion of the transaction, the vice president now directly owns 37,106 shares of the company’s stock, valued at approximately $3,972,197.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Richard W. Rodier sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $108.82, for a total value of $326,460.00. Following the completion of the transaction, the vice president now directly owns 23,737 shares of the company’s stock, valued at $2,583,060.34. The disclosure for this sale can be found here. In the last three months, insiders sold 59,634 shares of company stock valued at $6,516,758. Corporate insiders own 2.22% of the company’s stock.
Analysts Set New Price Targets
Toro Stock Performance
Shares of TTC stock opened at $103.00 on Wednesday. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 22.59 and a beta of 0.72. The stock has a 50 day simple moving average of $108.56 and a 200-day simple moving average of $108.83. The Toro Company has a 12-month low of $71.86 and a 12-month high of $117.66. The company has a current ratio of 1.78, a quick ratio of 0.63 and a debt-to-equity ratio of 0.76.
Toro (NYSE:TTC – Get Rating) last issued its 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. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Toro had a return on equity of 36.04% and a net margin of 10.16%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. On average, equities analysts forecast that The Toro Company will post 4.83 EPS for the current year.
Toro Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 19th. Stockholders of record on Thursday, April 6th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Wednesday, April 5th. Toro’s dividend payout ratio (DPR) is 29.82%.
Toro Company Profile
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.
Read More
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