The Toro Company (NYSE:TTC) Shares Bought by Atria Investments Inc

Atria Investments Inc lifted its stake in The Toro Company (NYSE:TTC - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 29,687 shares of the company's stock after acquiring an additional 6,951 shares during the quarter. Atria Investments Inc's holdings in Toro were worth $2,378,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Toro by 693.0% during the 4th quarter. Victory Capital Management Inc. now owns 414,961 shares of the company's stock worth $33,238,000 after buying an additional 362,634 shares in the last quarter. Keybank National Association OH lifted its holdings in Toro by 8.7% during the 4th quarter. Keybank National Association OH now owns 3,630 shares of the company's stock worth $291,000 after buying an additional 292 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Toro by 1,023.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the company's stock valued at $137,000 after purchasing an additional 1,555 shares during the last quarter. US Bancorp DE increased its position in shares of Toro by 3.2% in the 4th quarter. US Bancorp DE now owns 799,385 shares of the company's stock valued at $64,031,000 after purchasing an additional 24,596 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Toro by 1.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,114 shares of the company's stock valued at $890,000 after purchasing an additional 207 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective on the stock in a research report on Monday, February 24th. Robert W. Baird dropped their price objective on shares of Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, DA Davidson dropped their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $89.75.

Toro Stock Performance

Toro stock traded down $2.11 during midday trading on Wednesday, hitting $73.30. 998,236 shares of the company's stock were exchanged, compared to its average volume of 909,284. The Toro Company has a 12-month low of $72.18 and a 12-month high of $100.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 18.28 and a beta of 0.70. The firm's 50 day simple moving average is $80.65 and its 200 day simple moving average is $83.23.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.95. Toro had a net margin of 9.14% and a return on equity of 27.25%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.71 EPS. Toro's revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that The Toro Company will post 4.41 EPS for the current year.

Toro announced that its board has approved a stock buyback program on Tuesday, December 10th that permits the company to repurchase 4,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Toro 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.