Goldman Sachs Group Inc. increased its position in Toro Co (NYSE:TTC) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,609,526 shares of the company’s stock after purchasing an additional 340,039 shares during the period. Goldman Sachs Group Inc. owned approximately 1.50% of Toro worth $104,989,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Fieldpoint Private Securities LLC bought a new position in Toro during the 3rd quarter valued at $172,000. Advisor Partners LLC bought a new position in Toro during the 4th quarter valued at $214,000. Granite Investment Advisors LLC bought a new position in Toro during the 4th quarter valued at $261,000. Signition LP bought a new position in Toro during the 4th quarter valued at $283,000. Finally, Ramsey Quantitative Systems bought a new position in Toro during the 4th quarter valued at $316,000. Institutional investors own 75.47% of the company’s stock.
Separately, Zacks Investment Research upgraded Toro from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock 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 presently has an average rating of “Hold” and a consensus target price of $71.00.
Toro Co (TTC) opened at $63.20 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.57. Toro Co has a 52 week low of $58.39 and a 52 week high of $73.86. The firm has a market capitalization of $6,787.52, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 2.38 and a beta of 0.62.
Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $548.25 million for the quarter, compared to analysts’ expectations of $538.92 million. Toro had a return on equity of 44.59% and a net margin of 9.67%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. equities research analysts anticipate that Toro Co will post 2.66 earnings per share for the current year.
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Toro Company Profile
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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