Mn Services Vermogensbeheer B.V. Sells 1,000 Shares of The Toro Company (NYSE:TTC)

Mn Services Vermogensbeheer B.V. lessened its stake in The Toro Company (NYSE:TTC) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,000 shares of the company’s stock after selling 1,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Toro were worth $3,834,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Toro by 1,204.8% in the first quarter. UMB Bank n.a. now owns 274 shares of the company’s stock worth $25,000 after acquiring an additional 253 shares in the last quarter. Rise Advisors LLC raised its holdings in shares of Toro by 2,057.1% in the 1st quarter. Rise Advisors LLC now owns 302 shares of the company’s stock valued at $28,000 after purchasing an additional 288 shares during the period. GAMMA Investing LLC bought a new position in shares of Toro during the 4th quarter worth approximately $42,000. Principal Securities Inc. acquired a new position in Toro in the 4th quarter valued at about $66,000. Finally, Covestor Ltd increased its stake in shares of Toro by 522.6% during the first quarter. Covestor Ltd now owns 716 shares of the company’s stock worth $66,000 after purchasing an additional 601 shares during the period. Institutional investors own 87.95% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard M. Olson sold 20,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $95.19, for a total transaction of $1,903,800.00. Following the completion of the transaction, the chief executive officer now directly owns 17,913 shares of the company’s stock, valued at $1,705,138.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their target price on shares of Toro from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.75.

Toro Stock Performance

Shares of TTC stock traded up $0.83 during trading on Friday, hitting $90.95. The company’s stock had a trading volume of 428,358 shares, compared to its average volume of 870,010. The Toro Company has a 52 week low of $77.15 and a 52 week high of $104.23. The company has a market cap of $9.45 billion, a PE ratio of 35.95 and a beta of 0.69. The business has a fifty day moving average of $92.55 and a 200-day moving average of $90.36. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, June 6th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Toro had a return on equity of 25.04% and a net margin of 6.00%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $1.58 earnings per share. As a group, research analysts anticipate that The Toro Company will post 4.32 earnings per share for the current year.

Toro Company Profile

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.