Dorsey Wright & Associates Raises Position in Toro Company (The) (TTC)

Dorsey Wright & Associates increased its stake in shares of Toro Company (The) (NYSE:TTC) by 25.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,470 shares of the company’s stock after acquiring an additional 7,608 shares during the quarter. Dorsey Wright & Associates’ holdings in Toro Company (The) were worth $2,325,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Tocqueville Asset Management L.P. bought a new position in Toro Company (The) during the second quarter valued at $212,000. Advisor Partners LLC bought a new position in Toro Company (The) during the second quarter valued at $212,000. Advisory Services Network LLC lifted its position in Toro Company (The) by 17.4% during the second quarter. Advisory Services Network LLC now owns 3,556 shares of the company’s stock valued at $246,000 after purchasing an additional 527 shares during the last quarter. HighTower Advisors LLC lifted its position in Toro Company (The) by 26.6% during the first quarter. HighTower Advisors LLC now owns 4,883 shares of the company’s stock valued at $304,000 after purchasing an additional 1,026 shares during the last quarter. Finally, World Asset Management Inc lifted its position in Toro Company (The) by 2.8% during the second quarter. World Asset Management Inc now owns 7,809 shares of the company’s stock valued at $541,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

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TTC has been the subject of several research reports. BidaskClub upgraded shares of Toro Company (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Toro Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Dougherty & Co lowered shares of Toro Company (The) from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. Finally, Seaport Global Securities lowered shares of Toro Company (The) from a “buy” rating to a “neutral” rating and set a $67.00 price objective for the company. in a research report on Friday, August 25th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Toro Company (The) has an average rating of “Hold” and a consensus price target of $63.75.

Shares of Toro Company (TTC) traded down $0.15 on Tuesday, hitting $61.92. 392,100 shares of the stock traded hands, compared to its average volume of 594,049. Toro Company has a 1-year low of $49.56 and a 1-year high of $73.86. The stock has a market capitalization of $6,689.17, a P/E ratio of 26.19, a P/E/G ratio of 2.43 and a beta of 0.61. The company has a current ratio of 1.74, a quick ratio of 1.10 and a debt-to-equity ratio of 0.47.

Toro Company (The) (NYSE:TTC) last announced its earnings results on Thursday, August 24th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Toro Company (The) had a net margin of 10.63% and a return on equity of 45.32%. The business had revenue of $627.90 million for the quarter, compared to the consensus estimate of $628.08 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts forecast that Toro Company will post 2.39 EPS for the current year.

In related news, Director Katherine J. Harless sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $61.88, for a total value of $371,280.00. Following the transaction, the director now owns 77,672 shares of the company’s stock, valued at approximately $4,806,343.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Blake M. Grams sold 8,200 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $60.93, for a total transaction of $499,626.00. Following the completion of the transaction, the vice president now directly owns 8,200 shares in the company, valued at approximately $499,626. The disclosure for this sale can be found here. In the last three months, insiders sold 64,200 shares of company stock worth $875,406. Insiders own 5.69% of the company’s stock.

About Toro Company (The)

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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Institutional Ownership by Quarter for Toro Company (The) (NYSE:TTC)

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