Jane Street Group LLC lowered its position in shares of Toro Co (NYSE:TTC) by 74.8% in the 4th quarter, Holdings Channel reports. The firm owned 9,401 shares of the company’s stock after selling 27,910 shares during the quarter. Jane Street Group LLC’s holdings in Toro were worth $613,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Verition Fund Management LLC lifted its stake in Toro by 205.5% during the fourth quarter. Verition Fund Management LLC now owns 20,122 shares of the company’s stock worth $1,313,000 after purchasing an additional 13,536 shares during the last quarter. Zeke Capital Advisors LLC lifted its stake in Toro by 11.6% during the fourth quarter. Zeke Capital Advisors LLC now owns 23,650 shares of the company’s stock worth $1,543,000 after purchasing an additional 2,450 shares during the last quarter. Sciencast Management LP bought a new stake in Toro during the fourth quarter worth about $236,000. Paloma Partners Management Co lifted its stake in Toro by 46.3% during the fourth quarter. Paloma Partners Management Co now owns 27,120 shares of the company’s stock worth $1,769,000 after purchasing an additional 8,580 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Toro by 2.1% during the fourth quarter. Raymond James & Associates now owns 150,265 shares of the company’s stock worth $9,802,000 after purchasing an additional 3,027 shares during the last quarter. 75.50% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered Toro from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $71.00.
TTC opened at $60.51 on Friday. The stock has a market capitalization of $6,652.45, a PE ratio of 25.11, a P/E/G ratio of 2.33 and a beta of 0.64. The company has a current ratio of 1.57, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. Toro Co has a 12 month low of $58.39 and a 12 month high of $73.86.
Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The firm had revenue of $548.25 million for the quarter, compared to the consensus estimate of $538.92 million. Toro had a return on equity of 44.59% and a net margin of 9.67%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. analysts predict that Toro Co will post 2.66 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, April 4th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.32%. Toro’s dividend payout ratio is currently 33.20%.
In other news, VP Blake M. Grams sold 8,200 shares of Toro stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $64.47, for a total value of $528,654.00. Following the transaction, the vice president now owns 8,200 shares in the company, valued at $528,654. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Richard W. Rodier sold 4,000 shares of Toro stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $64.67, for a total value of $258,680.00. The disclosure for this sale can be found here. In the last quarter, insiders bought 87,000 shares of company stock worth $11,910 and sold 23,200 shares worth $1,465,864. 5.69% of the stock is currently owned by insiders.
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Toro Company Profile
The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.
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