Fmr LLC Has $21.25 Million Position in Toro Company (The) (TTC)

Fmr LLC decreased its position in shares of Toro Company (The) (NYSE:TTC) by 6.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 340,231 shares of the company’s stock after selling 22,177 shares during the period. Fmr LLC owned about 0.32% of Toro Company (The) worth $21,251,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC boosted its position in shares of Toro Company (The) by 0.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 9,263 shares of the company’s stock worth $579,000 after buying an additional 29 shares in the last quarter. Clifford Swan Investment Counsel LLC boosted its position in shares of Toro Company (The) by 0.3% in the first quarter. Clifford Swan Investment Counsel LLC now owns 10,042 shares of the company’s stock worth $627,000 after buying an additional 31 shares in the last quarter. NEXT Financial Group Inc boosted its position in shares of Toro Company (The) by 2.4% in the first quarter. NEXT Financial Group Inc now owns 2,787 shares of the company’s stock worth $181,000 after buying an additional 66 shares in the last quarter. Murphy Pohlad Asset Management LLC boosted its position in shares of Toro Company (The) by 0.4% in the first quarter. Murphy Pohlad Asset Management LLC now owns 24,022 shares of the company’s stock worth $1,500,000 after buying an additional 98 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Toro Company (The) by 0.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 42,528 shares of the company’s stock worth $2,691,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 75.88% of the company’s stock.

Toro Company (TTC) opened at 70.80 on Monday. The stock has a 50 day moving average of $69.08 and a 200 day moving average of $62.43. Toro Company has a 12-month low of $44.81 and a 12-month high of $73.00. The firm has a market cap of $7.64 billion, a PE ratio of 31.49 and a beta of 0.56.

Toro Company (The) (NYSE:TTC) last announced its quarterly earnings data on Thursday, May 25th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05. The company had revenue of $872.77 million during the quarter, compared to the consensus estimate of $863.17 million. Toro Company (The) had a net margin of 10.23% and a return on equity of 44.74%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 EPS. On average, equities research analysts anticipate that Toro Company will post $2.37 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Friday, June 23rd were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.99%. The ex-dividend date was Wednesday, June 21st. Toro Company (The)’s payout ratio is currently 30.97%.

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A number of brokerages recently issued reports on TTC. BidaskClub cut shares of Toro Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Toro Company (The) from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Thursday. Longbow Research upgraded shares of Toro Company (The) from an “underperform” rating to a “neutral” rating in a report on Monday, May 22nd. Finally, Cleveland Research upgraded shares of Toro Company (The) from a “neutral” rating to a “buy” rating in a report on Thursday, March 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $62.75.

In related news, VP William E. Brown, Jr. sold 19,332 shares of Toro Company (The) stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $70.88, for a total value of $1,370,252.16. Following the completion of the sale, the vice president now owns 189,790 shares of the company’s stock, valued at approximately $13,452,315.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary Lee Ellis sold 10,492 shares of Toro Company (The) stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $67.57, for a total transaction of $708,944.44. Following the completion of the sale, the director now directly owns 37,304 shares of the company’s stock, valued at approximately $2,520,631.28. The disclosure for this sale can be found here. In the last three months, insiders sold 72,872 shares of company stock valued at $5,119,937. 5.69% of the stock is currently owned by insiders.

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.

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

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