4,847 Shares in Toro Co (TTC) Acquired by Ramsey Quantitative Systems
Ramsey Quantitative Systems acquired a new position in Toro Co (NYSE:TTC) during the 4th quarter, Holdings Channel reports. The firm acquired 4,847 shares of the company’s stock, valued at approximately $316,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTC. Suntrust Banks Inc. increased its holdings in Toro by 2.1% during the 4th quarter. Suntrust Banks Inc. now owns 47,915 shares of the company’s stock valued at $3,124,000 after purchasing an additional 1,005 shares during the period. Mckinley Capital Management LLC Delaware increased its holdings in Toro by 25.3% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 6,766 shares of the company’s stock valued at $420,000 after purchasing an additional 1,366 shares during the period. M&T Bank Corp increased its holdings in Toro by 14.0% during the 4th quarter. M&T Bank Corp now owns 11,834 shares of the company’s stock valued at $772,000 after purchasing an additional 1,452 shares during the period. GW&K Investment Management LLC increased its holdings in Toro by 0.4% during the 4th quarter. GW&K Investment Management LLC now owns 418,121 shares of the company’s stock valued at $27,274,000 after purchasing an additional 1,807 shares during the period. Finally, Comerica Bank increased its holdings in Toro by 1.3% during the 3rd quarter. Comerica Bank now owns 143,851 shares of the company’s stock valued at $8,990,000 after purchasing an additional 1,820 shares during the period. Hedge funds and other institutional investors own 74.52% of the company’s stock.
In other Toro news, VP David H. Alkire sold 23,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $65.83, for a total transaction of $1,514,090.00. Following the transaction, the vice president now owns 14,769 shares in the company, valued at approximately $972,243.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy P. Dordell sold 46,000 shares of the company’s stock in a transaction that occurred 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 owns 24,225 shares in the company, valued at approximately $1,600,545.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,000 shares of company stock worth $4,814,630. 5.69% of the stock is owned by company insiders.
Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Toro had a return on equity of 44.66% and a net margin of 10.69%. The company had revenue of $488.60 million for the quarter, compared to the consensus estimate of $491.55 million. During the same quarter in the previous year, the business earned $0.27 EPS. Toro’s revenue was up 4.3% compared to the same quarter last year. equities analysts forecast that Toro Co will post 2.62 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Toro from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $69.00.
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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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