Jefferies Group LLC increased its holdings in shares of Toro Co (NYSE:TTC) by 20.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 27,020 shares of the company’s stock after purchasing an additional 4,526 shares during the period. Jefferies Group LLC’s holdings in Toro were worth $1,763,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Schroder Investment Management Group grew its holdings in Toro by 51.9% during the third quarter. Schroder Investment Management Group now owns 162,983 shares of the company’s stock worth $10,084,000 after purchasing an additional 55,702 shares during the period. SG Americas Securities LLC grew its holdings in Toro by 399.2% during the fourth quarter. SG Americas Securities LLC now owns 32,038 shares of the company’s stock worth $2,090,000 after purchasing an additional 25,620 shares during the period. Sei Investments Co. grew its holdings in Toro by 40.5% during the third quarter. Sei Investments Co. now owns 35,507 shares of the company’s stock worth $2,204,000 after purchasing an additional 10,240 shares during the period. Pacer Advisors Inc. grew its holdings in Toro by 15.5% during the third quarter. Pacer Advisors Inc. now owns 18,127 shares of the company’s stock worth $1,125,000 after purchasing an additional 2,439 shares during the period. Finally, GW&K Investment Management LLC lifted its position in Toro by 0.4% during the fourth quarter. GW&K Investment Management LLC now owns 418,121 shares of the company’s stock worth $27,274,000 after acquiring an additional 1,807 shares during the last quarter. Institutional investors and hedge funds own 75.47% of the company’s stock.
Shares of Toro Co (TTC) opened at $63.20 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. The stock has a market cap of $6,787.52, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 2.38 and a beta of 0.62. Toro Co has a 1 year low of $58.39 and a 1 year high of $73.86.
Separately, Zacks Investment Research upgraded shares of Toro from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, December 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Toro presently has an average rating of “Hold” and a consensus target price of $71.00.
In other Toro news, VP Bradley A. Hamilton sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $65.33, for a total transaction of $130,660.00. Following the completion of the sale, the vice president now directly owns 3,851 shares in the company, valued at $251,585.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Timothy P. Dordell sold 46,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $66.07, for a total transaction of $3,039,220.00. Following the sale, the vice president now owns 24,225 shares of the company’s stock, valued at $1,600,545.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 87,000 shares of company stock valued at $11,910 and have sold 65,200 shares valued at $4,277,684. Company insiders own 5.32% of the company’s stock.
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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