Insider Selling: Toro Co (TTC) Director Sells 9,000 Shares of Stock

Toro Co (NYSE:TTC) Director Robert C. Buhrmaster sold 9,000 shares of Toro stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $67.27, for a total transaction of $605,430.00. Following the completion of the transaction, the director now owns 25,091 shares of the company’s stock, valued at $1,687,871.57. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of TTC traded up $0.36 during mid-day trading on Friday, reaching $67.75. 1,293,817 shares of the stock traded hands, compared to its average volume of 465,004. The firm has a market capitalization of $7.16 billion, a P/E ratio of 25.37 and a beta of 0.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 0.92. Toro Co has a 1 year low of $52.97 and a 1 year high of $69.41.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, February 21st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $603.00 million during the quarter, compared to analyst estimates of $575.05 million. Toro had a net margin of 11.55% and a return on equity of 44.47%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. On average, analysts expect that Toro Co will post 2.91 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Toro by 25.5% in the fourth quarter. Parallel Advisors LLC now owns 1,601 shares of the company’s stock worth $89,000 after acquiring an additional 325 shares in the last quarter. Credit Suisse AG grew its position in Toro by 66.4% in the third quarter. Credit Suisse AG now owns 151,304 shares of the company’s stock worth $9,074,000 after acquiring an additional 60,352 shares in the last quarter. Meeder Asset Management Inc. grew its position in Toro by 1,180.3% in the fourth quarter. Meeder Asset Management Inc. now owns 24,173 shares of the company’s stock worth $1,350,000 after acquiring an additional 22,285 shares in the last quarter. Deutsche Bank AG grew its position in Toro by 0.9% in the third quarter. Deutsche Bank AG now owns 328,042 shares of the company’s stock worth $19,671,000 after acquiring an additional 3,019 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Toro in the fourth quarter worth $305,000. Hedge funds and other institutional investors own 79.89% of the company’s stock.

A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Toro from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. ValuEngine upgraded shares of Toro from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Finally, Robert W. Baird assumed coverage on shares of Toro in a research report on Friday, January 18th. They set a “neutral” rating and a $62.00 price target for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Toro has an average rating of “Hold” and an average price target of $66.00.

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About Toro

The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.

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Insider Buying and Selling by Quarter for Toro (NYSE:TTC)

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