The Toro Company (NYSE:TTC) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its holdings in The Toro Company (NYSE:TTCFree Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,870 shares of the company’s stock after acquiring an additional 1,966 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Toro worth $14,866,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in Toro during the 4th quarter valued at $103,785,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Toro by 25.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,180,246 shares of the company’s stock valued at $347,378,000 after purchasing an additional 835,637 shares in the last quarter. Wellington Management Group LLP grew its holdings in Toro by 249.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,061,930 shares of the company’s stock valued at $88,246,000 after purchasing an additional 757,641 shares in the last quarter. TD Asset Management Inc grew its holdings in Toro by 334.2% during the 4th quarter. TD Asset Management Inc now owns 818,260 shares of the company’s stock valued at $78,545,000 after purchasing an additional 629,820 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Toro by 20.3% during the 3rd quarter. Invesco Ltd. now owns 1,209,725 shares of the company’s stock valued at $100,528,000 after purchasing an additional 204,542 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TTC shares. DA Davidson raised their price objective on shares of Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. TheStreet raised shares of Toro from a “c+” rating to a “b-” rating in a report on Thursday, February 15th. StockNews.com lowered shares of Toro from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, Robert W. Baird raised their price objective on shares of Toro from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Toro has an average rating of “Hold” and a consensus price target of $98.75.

Get Our Latest Analysis on TTC

Toro Trading Up 5.4 %

Toro stock opened at $96.00 on Friday. The firm’s 50-day moving average is $86.26 and its 200-day moving average is $89.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 1.93. The Toro Company has a 1 year low of $77.15 and a 1 year high of $106.68. The company has a market cap of $10.02 billion, a P/E ratio of 37.94 and a beta of 0.67.

Toro (NYSE:TTCGet Free Report) last posted its quarterly earnings results on Thursday, June 6th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Toro had a net margin of 6.00% and a return on equity of 25.04%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm posted $1.58 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts expect that The Toro Company will post 4.33 earnings per share for the current year.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, June 18th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.50%. Toro’s payout ratio is currently 56.92%.

Insider Transactions at Toro

In related news, Director Gary Lee Ellis sold 5,192 shares of Toro stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $88.75, for a total value of $460,790.00. Following the sale, the director now directly owns 33,051 shares in the company, valued at approximately $2,933,276.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Gary Lee Ellis sold 5,192 shares of Toro stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $88.75, for a total value of $460,790.00. Following the sale, the director now directly owns 33,051 shares in the company, valued at approximately $2,933,276.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Edric C. Funk sold 615 shares of Toro stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $89.57, for a total transaction of $55,085.55. Following the completion of the sale, the vice president now owns 1,049 shares in the company, valued at $93,958.93. The disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.

Toro Company Profile

(Free Report)

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, 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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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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