Hanseatic Management Services Inc. bought a new stake in shares of Toro Co (NYSE:TTC) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 9,442 shares of the company’s stock, valued at approximately $650,000.
Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Toro by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,238,021 shares of the company’s stock worth $254,153,000 after acquiring an additional 173,667 shares during the last quarter. Vanguard Group Inc lifted its holdings in Toro by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 9,813,887 shares of the company’s stock worth $588,539,000 after buying an additional 125,843 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Toro by 0.6% during the 4th quarter. Fisher Asset Management LLC now owns 1,585,373 shares of the company’s stock worth $88,591,000 after buying an additional 8,745 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Toro by 13.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,771 shares of the company’s stock worth $434,000 after buying an additional 911 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in Toro by 34.6% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 59,540 shares of the company’s stock worth $3,327,000 after buying an additional 15,290 shares in the last quarter. Hedge funds and other institutional investors own 80.60% of the company’s stock.
A number of equities research analysts have issued reports on TTC shares. ValuEngine upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Zacks Investment Research upgraded shares of Toro from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Thursday, April 11th.
Shares of NYSE:TTC traded down $0.79 during trading hours on Wednesday, reaching $71.14. The stock had a trading volume of 2,193 shares, compared to its average volume of 416,197. The company has a current ratio of 1.65, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45. The company has a market cap of $7.57 billion, a PE ratio of 26.69 and a beta of 0.76. Toro Co has a 1 year low of $52.97 and a 1 year high of $75.13.
Toro (NYSE:TTC) last posted its earnings results on Thursday, February 21st. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $603.00 million for the quarter, compared to the consensus estimate of $575.05 million. Toro had a net margin of 11.55% and a return on equity of 44.47%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. As a group, equities research analysts expect that Toro Co will post 2.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Tuesday, June 25th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. Toro’s dividend payout ratio (DPR) is 33.71%.
In related news, VP Darren L. Redetzke sold 16,000 shares of the stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $68.95, for a total value of $1,103,200.00. Following the transaction, the vice president now directly owns 16,013 shares of the company’s stock, valued at approximately $1,104,096.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Janet Katherine Cooper sold 1,941 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $68.31, for a total transaction of $132,589.71. Following the sale, the director now owns 1,268 shares of the company’s stock, valued at approximately $86,617.08. The disclosure for this sale can be found here. Insiders sold a total of 59,293 shares of company stock worth $4,048,661 over the last ninety days. Insiders own 2.36% of the company’s stock.
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The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, 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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