Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Toro Co (NYSE:TTC) by 46.8% in the 4th quarter, Holdings Channel reports. The firm owned 5,747 shares of the company’s stock after buying an additional 1,832 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Toro were worth $375,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mutual of America Capital Management LLC raised its stake in shares of Toro by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 89,084 shares of the company’s stock worth $5,811,000 after acquiring an additional 2,168 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Toro in the fourth quarter worth about $855,000. Copeland Capital Management LLC bought a new position in shares of Toro in the fourth quarter worth about $6,052,000. Advisor Partners LLC bought a new position in shares of Toro in the fourth quarter worth about $214,000. Finally, JLB & Associates Inc. raised its stake in shares of Toro by 5.4% in the fourth quarter. JLB & Associates Inc. now owns 208,949 shares of the company’s stock worth $13,629,000 after acquiring an additional 10,715 shares during the last quarter. 74.48% of the stock is owned by institutional investors.
In other news, VP Timothy P. Dordell sold 46,000 shares of Toro stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $66.07, for a total transaction of $3,039,220.00. Following the completion of the sale, the vice president now owns 24,225 shares in the company, valued at approximately $1,600,545.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bradley A. Hamilton sold 2,000 shares of Toro stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $65.33, for a total transaction of $130,660.00. Following the sale, the vice president now owns 3,851 shares of the company’s stock, valued at approximately $251,585.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,000 shares of company stock valued at $4,814,630. Insiders own 5.69% of the company’s stock.
Toro Co (NYSE TTC) opened at $63.07 on Friday. Toro Co has a 12 month low of $58.39 and a 12 month high of $73.86. The firm has a market cap of $6,760.73, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.40 and a beta of 0.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.02.
Toro (NYSE:TTC) last announced its earnings results on Thursday, December 7th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Toro had a net margin of 10.69% and a return on equity of 44.66%. The company had revenue of $488.60 million during the quarter, compared to the consensus estimate of $491.55 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. sell-side analysts anticipate that Toro Co will post 2.62 EPS for the current year.
Separately, Zacks Investment Research raised shares of Toro from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $69.00.
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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