Tredje AP fonden Has $460,000 Stock Position in The Toro Company (NYSE:TTC)

Tredje AP fonden trimmed its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,744 shares of the company's stock after selling 5,743 shares during the quarter. Tredje AP fonden's holdings in Toro were worth $460,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of TTC. Geode Capital Management LLC increased its holdings in shares of Toro by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,959,875 shares of the company's stock worth $169,639,000 after purchasing an additional 29,105 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Toro by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock worth $95,123,000 after acquiring an additional 60,068 shares during the period. Amundi lifted its holdings in shares of Toro by 30.3% during the 4th quarter. Amundi now owns 1,121,116 shares of the company's stock worth $89,701,000 after acquiring an additional 260,746 shares during the period. King Luther Capital Management Corp boosted its position in shares of Toro by 3.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,043,833 shares of the company's stock worth $83,611,000 after acquiring an additional 36,750 shares in the last quarter. Finally, US Bancorp DE increased its stake in Toro by 3.2% in the fourth quarter. US Bancorp DE now owns 799,385 shares of the company's stock valued at $64,031,000 after acquiring an additional 24,596 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

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Toro Trading Down 0.9 %

Shares of Toro stock traded down $0.63 during trading on Wednesday, hitting $72.17. The company's stock had a trading volume of 970,893 shares, compared to its average volume of 909,191. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 18.00 and a beta of 0.70. 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 Toro Company has a 52 week low of $71.74 and a 52 week high of $100.93. The stock has a 50-day moving average price of $80.12 and a two-hundred day moving average price of $82.65.

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 analysts' consensus estimates of $0.95. Toro had a return on equity of 27.25% and a net margin of 9.14%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $0.71 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that The Toro Company will post 4.41 EPS for the current fiscal year.

Toro announced that its Board of Directors has approved a share buyback plan on Tuesday, December 10th that permits the company to buyback 4,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, March 31st. Toro's dividend payout ratio (DPR) is presently 38.87%.

Analyst Ratings Changes

Several research analysts have commented on the company. Robert W. Baird lowered their target price on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Raymond James dropped their price objective 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. Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. StockNews.com downgraded Toro from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price for the company in a report on Monday, February 24th. Three investment 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $89.75.

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.