Vanguard Group Inc. Buys 33,795 Shares of The Toro Company (NYSE:TTC)

Vanguard Group Inc. boosted its stake in The Toro Company (NYSE:TTC – Get Rating) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,324,741 shares of the company’s stock after acquiring an additional 33,795 shares during the period. Vanguard Group Inc. owned 9.91% of Toro worth $892,885,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TTC. Durable Capital Partners LP bought a new stake in Toro in the first quarter valued at $150,798,000. First Trust Advisors LP boosted its holdings in Toro by 336.6% in the first quarter. First Trust Advisors LP now owns 932,866 shares of the company’s stock valued at $79,751,000 after acquiring an additional 719,203 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Toro by 17.3% in the second quarter. JPMorgan Chase & Co. now owns 3,230,806 shares of the company’s stock valued at $244,862,000 after acquiring an additional 476,439 shares in the last quarter. Millennium Management LLC boosted its holdings in Toro by 1,983.0% in the second quarter. Millennium Management LLC now owns 462,994 shares of the company’s stock valued at $35,090,000 after acquiring an additional 440,767 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Toro by 460.1% in the second quarter. Renaissance Technologies LLC now owns 351,200 shares of the company’s stock valued at $26,617,000 after acquiring an additional 288,500 shares in the last quarter. Institutional investors own 85.14% of the company’s stock.

Insider Buying and Selling

In related news, VP Blake M. Grams sold 6,199 shares of the company’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $114.01, for a total value of $706,747.99. Following the transaction, the vice president now owns 36,998 shares in the company, valued at approximately $4,218,141.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Blake M. Grams sold 6,199 shares of the company’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $114.01, for a total value of $706,747.99. Following the transaction, the vice president now owns 36,998 shares in the company, valued at approximately $4,218,141.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Peter D. Moeller sold 430 shares of the company’s stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $116.62, for a total transaction of $50,146.60. Following the completion of the transaction, the vice president now owns 4,204 shares in the company, valued at approximately $490,270.48. The disclosure for this sale can be found here. Insiders have sold a total of 39,733 shares of company stock worth $4,492,359 in the last quarter. Corporate insiders own 2.22% of the company’s stock.

Toro Stock Performance

Shares of TTC stock opened at $108.87 on Tuesday. The Toro Company has a 12 month low of $71.86 and a 12 month high of $117.66. The stock has a market cap of $11.35 billion, a PE ratio of 23.88 and a beta of 0.73. The company has a current ratio of 1.78, a quick ratio of 0.63 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average price is $112.18 and its 200-day moving average price is $104.81.

Toro (NYSE:TTC – Get Rating) last announced its quarterly earnings results on Thursday, March 9th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Toro had a net margin of 10.16% and a return on equity of 36.04%. Toro’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. On average, equities analysts expect that The Toro Company will post 4.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TTC shares. Raymond James upgraded shares of Toro from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Friday, December 23rd. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Tuesday, March 7th. Finally, Robert W. Baird dropped their target price on shares of Toro from $120.00 to $116.00 in a report on Thursday, December 22nd.

Toro Company Profile

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The Toro Co is in the business of designing, manufacturing, marketing, and selling professional turf maintenance equipment and services. It operates through the following segments: Professional and Residential. The Professional segment consists of turf and landscape equipment, rental, specialty, and underground construction equipment, snow & ice management equipment, and irrigation and lighting products.