Hsbc Holdings PLC lifted its position in shares of Toro Co (NYSE:TTC) by 387.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,648 shares of the company’s stock after purchasing an additional 52,976 shares during the period. Hsbc Holdings PLC owned about 0.06% of Toro worth $3,724,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in Toro by 5,488.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,329,525 shares of the company’s stock valued at $42,000 after acquiring an additional 2,287,837 shares during the period. Select Equity Group L.P. increased its position in Toro by 23.0% in the 3rd quarter. Select Equity Group L.P. now owns 2,830,948 shares of the company’s stock valued at $169,772,000 after acquiring an additional 530,292 shares during the period. King Luther Capital Management Corp increased its position in Toro by 71.7% in the 3rd quarter. King Luther Capital Management Corp now owns 669,760 shares of the company’s stock valued at $40,166,000 after acquiring an additional 279,585 shares during the period. Wells Fargo & Company MN increased its position in Toro by 39.1% in the 3rd quarter. Wells Fargo & Company MN now owns 810,277 shares of the company’s stock valued at $48,592,000 after acquiring an additional 227,864 shares during the period. Finally, Summit Global Investments acquired a new position in Toro in the 4th quarter valued at about $9,741,000. Institutional investors and hedge funds own 79.89% of the company’s stock.
In other Toro news, VP Richard W. Rodier sold 7,727 shares of Toro stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $57.21, for a total value of $442,061.67. Following the sale, the vice president now owns 30,122 shares of the company’s stock, valued at approximately $1,723,279.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darren L. Redetzke sold 16,000 shares of Toro stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 16,013 shares in the company, valued at approximately $1,104,096.35. The disclosure for this sale can be found here. Insiders sold a total of 47,835 shares of company stock worth $3,187,100 in the last ninety days. 2.36% of the stock is owned by corporate insiders.
TTC has been the topic of several recent research reports. Robert W. Baird initiated coverage on Toro in a research report on Friday, January 18th. They issued a “neutral” rating and a $62.00 price target on the stock. Zacks Investment Research cut Toro from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. Finally, ValuEngine upgraded Toro from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Toro presently has a consensus rating of “Hold” and an average price target of $66.00.
Shares of TTC opened at $67.75 on Friday. Toro Co has a twelve month low of $52.97 and a twelve month high of $69.41. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.92 and a current ratio of 1.65.
Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. Toro had a return on equity of 44.47% and a net margin of 11.55%. The company had revenue of $603.00 million for the quarter, compared to analyst estimates of $575.05 million. During the same quarter in the previous year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts expect that Toro Co will post 2.91 EPS for the current year.
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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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