The Toro Company (NYSE:TTC) VP Sells $55,085.55 in Stock

The Toro Company (NYSE:TTC) VP Edric C. Funk sold 615 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $89.57, for a total transaction of $55,085.55. Following the transaction, the vice president now directly owns 1,049 shares of the company’s stock, valued at $93,958.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Toro Trading Down 0.8 %

Shares of TTC stock traded down $0.75 during mid-day trading on Monday, reaching $88.96. The company’s stock had a trading volume of 588,792 shares, compared to its average volume of 766,432. The company’s 50 day simple moving average is $92.60 and its 200-day simple moving average is $88.57. The Toro Company has a 12-month low of $78.35 and a 12-month high of $111.85. The company has a quick ratio of 0.86, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $9.29 billion, a PE ratio of 32.54 and a beta of 0.72.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion. Toro had a net margin of 6.53% and a return on equity of 26.66%. Toro’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. On average, research analysts predict that The Toro Company will post 4.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TTC. DA Davidson upped their target price on shares of Toro from $93.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday. Robert W. Baird upped their target price on shares of Toro from $92.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. TheStreet upgraded shares of Toro from a “c+” rating to a “b-” rating in a research report on Thursday, February 15th. Finally, StockNews.com lowered shares of Toro from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.60.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TTC. Vanguard Group Inc. lifted its position in Toro by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 10,491,409 shares of the company’s stock valued at $1,007,070,000 after purchasing an additional 103,300 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Toro by 73.8% during the 4th quarter. Wellington Management Group LLP now owns 1,845,724 shares of the company’s stock worth $177,171,000 after buying an additional 783,794 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Toro in the 4th quarter worth approximately $239,000. Cim LLC acquired a new position in shares of Toro in the 4th quarter worth approximately $12,882,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Toro by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 1,354 shares of the company’s stock worth $130,000 after purchasing an additional 482 shares during the last quarter. 84.69% of the stock is owned by institutional investors and hedge funds.

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.