Andra AP fonden Has $6.85 Million Stock Holdings in The Toro Company (NYSE:TTC)

Andra AP fonden lifted its position in shares of The Toro Company (NYSE:TTC - Free Report) by 60.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,500 shares of the company's stock after acquiring an additional 32,300 shares during the quarter. Andra AP fonden owned approximately 0.08% of Toro worth $6,849,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Asset Planning Inc bought a new position in shares of Toro in the 4th quarter valued at about $31,000. Venturi Wealth Management LLC grew its holdings in Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock worth $44,000 after acquiring an additional 362 shares during the period. First Horizon Advisors Inc. grew its holdings in Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock worth $65,000 after acquiring an additional 285 shares during the period. PrairieView Partners LLC raised its position in shares of Toro by 14.7% during the 4th quarter. PrairieView Partners LLC now owns 1,547 shares of the company's stock valued at $123,000 after acquiring an additional 198 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in shares of Toro by 87.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,657 shares of the company's stock worth $133,000 after purchasing an additional 772 shares during the last quarter. Institutional investors own 87.95% of the company's stock.

Toro Stock Down 2.8 %

Shares of Toro stock traded down $2.11 on Wednesday, hitting $73.30. The company had a trading volume of 998,236 shares, compared to its average volume of 908,514. The Toro Company has a twelve month low of $72.18 and a twelve month high of $100.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The stock has a 50-day moving average of $80.79 and a 200-day moving average of $83.30. The firm has a market capitalization of $7.38 billion, a P/E ratio of 18.28 and a beta of 0.70.

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Toro (NYSE:TTC - Get Free Report) last announced its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, hitting analysts' consensus estimates of $0.95. Toro had a net margin of 9.14% and a return on equity of 27.25%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business earned $0.71 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts predict that The Toro Company will post 4.41 earnings per share for the current year.

Toro declared that its board has authorized a share repurchase plan on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TTC shares. Robert W. Baird dropped their price objective on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, March 7th. DA Davidson cut their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday. StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Raymond James lowered their target price on shares of Toro from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, December 20th. Finally, Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.75.

About Toro

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.