Louisiana State Employees Retirement System lowered its stake in shares of Toro Co (NYSE:TTC) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,300 shares of the company’s stock after selling 1,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Toro were worth $1,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of TTC. Lord Abbett & CO. LLC lifted its holdings in shares of Toro by 96.8% during the second quarter. Lord Abbett & CO. LLC now owns 365,950 shares of the company’s stock worth $25,357,000 after purchasing an additional 179,968 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Toro during the third quarter worth about $10,811,000. Russell Investments Group Ltd. raised its position in Toro by 145.6% during the third quarter. Russell Investments Group Ltd. now owns 258,695 shares of the company’s stock valued at $16,055,000 after acquiring an additional 153,342 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Toro during the third quarter valued at approximately $6,361,000. Finally, Retirement Systems of Alabama raised its position in Toro by 47.0% during the third quarter. Retirement Systems of Alabama now owns 203,894 shares of the company’s stock valued at $12,654,000 after acquiring an additional 65,203 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors.
In other Toro news, VP Bradley A. Hamilton sold 2,000 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $65.33, for a total transaction of $130,660.00. Following the transaction, the vice president now owns 3,851 shares of the company’s stock, valued at $251,585.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy P. Dordell sold 46,000 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $66.07, for a total value of $3,039,220.00. Following the transaction, the vice president now directly owns 24,225 shares in the company, valued at approximately $1,600,545.75. The disclosure for this sale can be found here. Insiders have sold 73,000 shares of company stock worth $4,814,630 in the last three months. 5.69% of the stock is currently owned by corporate insiders.
Toro Co (NYSE:TTC) traded up $0.21 during trading on Friday, hitting $59.99. The stock had a trading volume of 890,161 shares, compared to its average volume of 460,373. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.02. Toro Co has a 1-year low of $58.39 and a 1-year high of $73.86. The stock has a market capitalization of $6,400.00, a PE ratio of 24.89, a PEG ratio of 2.29 and a beta of 0.59.
Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Toro had a return on equity of 44.66% and a net margin of 10.69%. The firm had revenue of $488.60 million during the quarter, compared to analysts’ expectations of $491.55 million. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts forecast that Toro Co will post 2.62 EPS for the current fiscal 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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