New Mexico Educational Retirement Board bought a new position in shares of Toro Co (NYSE:TTC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,700 shares of the company’s stock, valued at approximately $1,742,000.
Several other large investors also recently modified their holdings of the company. Advisory Services Network LLC increased its position in shares of Toro by 17.4% during the second quarter. Advisory Services Network LLC now owns 3,556 shares of the company’s stock worth $246,000 after acquiring an additional 527 shares during the period. Mckinley Capital Management LLC Delaware increased its position in shares of Toro by 25.3% during the third quarter. Mckinley Capital Management LLC Delaware now owns 6,766 shares of the company’s stock worth $420,000 after acquiring an additional 1,366 shares during the period. M&T Bank Corp increased its position in shares of Toro by 14.0% during the fourth quarter. M&T Bank Corp now owns 11,834 shares of the company’s stock worth $772,000 after acquiring an additional 1,452 shares during the period. GW&K Investment Management LLC increased its position in shares of Toro by 0.4% during the fourth quarter. GW&K Investment Management LLC now owns 418,121 shares of the company’s stock worth $27,274,000 after acquiring an additional 1,807 shares during the period. Finally, Comerica Bank increased its position in shares of Toro by 1.3% during the third quarter. Comerica Bank now owns 143,851 shares of the company’s stock worth $8,990,000 after acquiring an additional 1,820 shares during the period. 74.48% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded shares of Toro from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, December 19th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $69.00.
Toro Co (NYSE:TTC) opened at $63.07 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.65. Toro Co has a one year low of $58.39 and a one year high of $73.86. The stock has a market cap of $6,760.00, a P/E ratio of 26.17, a PEG ratio of 2.40 and a beta of 0.59.
Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Toro had a net margin of 10.69% and a return on equity of 44.66%. The firm had revenue of $488.60 million for the quarter, compared to the consensus estimate of $491.55 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. analysts predict that Toro Co will post 2.62 EPS for the current 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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