EP Wealth Advisors LLC acquired a new position in shares of The Toro Company (NYSE:TTC – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,111 shares of the company’s stock, valued at approximately $204,000.
A number of other hedge funds have also modified their holdings of the company. SkyView Investment Advisors LLC bought a new position in shares of Toro during the first quarter worth about $789,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Toro in the first quarter valued at approximately $244,000. KB Financial Partners LLC acquired a new stake in shares of Toro in the first quarter valued at approximately $722,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Toro by 5.2% in the first quarter. Mercer Global Advisors Inc. ADV now owns 3,114 shares of the company’s stock valued at $346,000 after buying an additional 155 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Toro by 1.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,402,222 shares of the company’s stock valued at $378,191,000 after buying an additional 64,265 shares during the last quarter. 84.69% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on TTC shares. Northland Securities cut their price objective on Toro from $110.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday, September 11th. TheStreet cut Toro from a “b” rating to a “c+” rating in a report on Thursday, September 7th. Raymond James dropped their price target on Toro from $125.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, September 8th. Robert W. Baird dropped their price target on Toro from $110.00 to $94.00 and set a “neutral” rating for the company in a report on Friday, September 8th. Finally, DA Davidson initiated coverage on Toro in a report on Wednesday, June 21st. They set a “buy” rating and a $117.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Toro presently has an average rating of “Moderate Buy” and a consensus target price of $108.80.
Insider Activity
In other Toro news, VP Daryn A. Walters purchased 1,654 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were bought at an average price of $97.41 per share, for a total transaction of $161,116.14. Following the purchase, the vice president now owns 3,684 shares in the company, valued at approximately $358,858.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Kevin N. Carpenter sold 1,610 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $81.93, for a total transaction of $131,907.30. Following the sale, the vice president now owns 169 shares of the company’s stock, valued at approximately $13,846.17. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Daryn A. Walters acquired 1,654 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were purchased at an average cost of $97.41 per share, for a total transaction of $161,116.14. Following the acquisition, the vice president now owns 3,684 shares in the company, valued at $358,858.44. The disclosure for this purchase can be found here. Corporate insiders own 2.22% of the company’s stock.
Toro Price Performance
Toro stock opened at $81.62 on Tuesday. The stock’s fifty day moving average price is $98.71 and its two-hundred day moving average price is $102.19. The Toro Company has a one year low of $81.20 and a one year high of $117.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.91 and a quick ratio of 0.68. The firm has a market cap of $8.48 billion, a PE ratio of 22.80 and a beta of 0.72.
Toro (NYSE:TTC – Get Free Report) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.28). Toro had a net margin of 7.95% and a return on equity of 33.37%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business posted $1.19 EPS. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. As a group, research analysts expect that The Toro Company will post 4.08 EPS for the current fiscal year.
About Toro
The Toro Company provides innovative solutions for the outdoor environment worldwide. It operates through two segments Professional and Residential. 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, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, including snowplows; as well as stand-on snow and ice removal equipment, such as the related snowplow, snow brush, and snow thrower attachments, 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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