Van ECK Associates Corp Sells 36,869 Shares of Toro Company (The) (TTC)

Van ECK Associates Corp cut its stake in Toro Company (The) (NYSE:TTC) by 13.1% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 244,995 shares of the company’s stock after selling 36,869 shares during the period. Van ECK Associates Corp’s holdings in Toro Company (The) were worth $13,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in shares of Toro Company (The) by 107.4% in the third quarter. BlackRock Fund Advisors now owns 4,046,922 shares of the company’s stock valued at $189,558,000 after buying an additional 2,095,509 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Toro Company (The) by 127.6% in the third quarter. JPMorgan Chase & Co. now owns 3,663,111 shares of the company’s stock valued at $171,581,000 after buying an additional 2,053,403 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Toro Company (The) by 96.7% in the third quarter. Neuberger Berman Group LLC now owns 3,887,119 shares of the company’s stock valued at $182,073,000 after buying an additional 1,910,771 shares during the last quarter. Mairs & Power INC boosted its position in shares of Toro Company (The) by 93.2% in the third quarter. Mairs & Power INC now owns 3,837,664 shares of the company’s stock valued at $179,756,000 after buying an additional 1,851,466 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Toro Company (The) by 97.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,225,784 shares of the company’s stock valued at $151,096,000 after buying an additional 1,594,594 shares during the last quarter. Institutional investors own 77.81% of the company’s stock.

Institutional Ownership by Quarter for Toro Company (The) (NYSE:TTC)

Toro Company (NYSE:TTC) traded down 0.693% during mid-day trading on Tuesday, hitting $59.475. 204,882 shares of the stock were exchanged. Toro Company has a 12-month low of $36.29 and a 12-month high of $60.28. The firm has a 50-day moving average price of $57.94 and a 200-day moving average price of $51.37. The stock has a market capitalization of $6.43 billion, a P/E ratio of 28.871 and a beta of 0.48.

Toro Company (The) (NYSE:TTC) last posted its earnings results on Thursday, December 8th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm earned $468.40 million during the quarter, compared to the consensus estimate of $477.64 million. Toro Company (The) had a return on equity of 42.97% and a net margin of 9.66%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. Equities analysts predict that Toro Company will post $2.27 earnings per share for the current fiscal year.

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Several research analysts have commented on TTC shares. Dougherty & Co started coverage on shares of Toro Company (The) in a report on Friday, November 4th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Toro Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, November 15th. Longbow Research cut shares of Toro Company (The) from a “neutral” rating to an “underperform” rating and set a $44.00 target price for the company. in a report on Monday, December 12th. Finally, Seaport Global Securities upgraded shares of Toro Company (The) from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $63.00 in a report on Friday, January 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $54.50.

In other news, VP William E. Brown, Jr. sold 10,136 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $56.20, for a total transaction of $569,643.20. Following the completion of the transaction, the vice president now directly owns 201,128 shares in the company, valued at $11,303,393.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert C. Buhrmaster sold 20,492 shares of the firm’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $57.01, for a total value of $1,168,248.92. Following the transaction, the director now owns 36,305 shares of the company’s stock, valued at $2,069,748.05. The disclosure for this sale can be found here. Insiders have sold 99,034 shares of company stock valued at $5,589,543 over the last 90 days. 5.69% of the stock is owned by corporate insiders.

About Toro Company (The)

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.

5 Day Chart for NYSE:TTC

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