The Toro Company (NYSE:TTC) Stock Position Lifted by Consolidated Planning Corp

Consolidated Planning Corp increased its stake in The Toro Company (NYSE:TTC) by 16.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,772 shares of the company’s stock after purchasing an additional 7,876 shares during the period. Consolidated Planning Corp owned 0.05% of Toro worth $5,215,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Toro by 25.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,653,109 shares of the company’s stock valued at $609,626,000 after acquiring an additional 1,332,248 shares in the last quarter. Norges Bank bought a new stake in Toro during the 4th quarter valued at $103,785,000. Wellington Management Group LLP raised its stake in Toro by 73.8% during the 4th quarter. Wellington Management Group LLP now owns 1,845,724 shares of the company’s stock valued at $177,171,000 after acquiring an additional 783,794 shares in the last quarter. TD Asset Management Inc raised its stake 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 acquiring an additional 629,820 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Toro by 37,332.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 470,901 shares of the company’s stock valued at $44,034,000 after acquiring an additional 469,643 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

Insider Activity at Toro

In related news, CEO Richard M. Olson sold 20,000 shares of Toro stock in a transaction on Friday, June 21st. The stock was sold at an average price of $95.19, for a total transaction of $1,903,800.00. Following the completion of the sale, the chief executive officer now owns 17,913 shares of the company’s stock, valued at $1,705,138.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price target on Toro from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $99.25.

Toro Stock Up 0.4 %

Shares of TTC stock traded up $0.40 on Wednesday, reaching $92.06. 219,959 shares of the company’s stock traded hands, compared to its average volume of 864,204. The Toro Company has a 12-month low of $77.15 and a 12-month high of $103.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.87 and a current ratio of 1.93. The company has a market capitalization of $9.56 billion, a P/E ratio of 36.23 and a beta of 0.69. The business’s 50 day moving average price is $92.00 and its two-hundred day moving average price is $90.11.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Toro had a return on equity of 25.04% and a net margin of 6.00%. Toro’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 earnings per share. On average, equities analysts forecast 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.