Legg Mason Asset Management Japan Co. Ltd. cut its position in Toro Co (NYSE:TTC) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the company’s stock after selling 1,600 shares during the period. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Toro were worth $783,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its position in Toro by 51.9% in the third quarter. Schroder Investment Management Group now owns 162,983 shares of the company’s stock valued at $10,084,000 after buying an additional 55,702 shares in the last quarter. SG Americas Securities LLC boosted its position in Toro by 399.2% in the fourth quarter. SG Americas Securities LLC now owns 32,038 shares of the company’s stock valued at $2,090,000 after buying an additional 25,620 shares in the last quarter. Sei Investments Co. boosted its position in Toro by 40.5% in the third quarter. Sei Investments Co. now owns 35,507 shares of the company’s stock valued at $2,204,000 after buying an additional 10,240 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Toro by 15.5% in the third quarter. Pacer Advisors Inc. now owns 18,127 shares of the company’s stock worth $1,125,000 after acquiring an additional 2,439 shares during the last quarter. Finally, GW&K Investment Management LLC raised its stake in shares of Toro by 0.4% in the fourth quarter. GW&K Investment Management LLC now owns 418,121 shares of the company’s stock worth $27,274,000 after acquiring an additional 1,807 shares during the last quarter. Hedge funds and other institutional investors own 74.44% of the company’s stock.
Toro Co (TTC) opened at $63.60 on Friday. Toro Co has a 12 month low of $58.39 and a 12 month high of $73.86. The firm has a market cap of $6,661.03, a PE ratio of 28.78, a price-to-earnings-growth ratio of 2.34 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.57 and a quick ratio of 0.81.
Separately, Zacks Investment Research raised shares of Toro from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, December 19th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $71.00.
In other Toro news, VP Timothy P. Dordell sold 46,000 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $66.07, for a total value of $3,039,220.00. Following the completion of the transaction, the vice president now directly owns 24,225 shares of the company’s stock, valued at $1,600,545.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Blake M. Grams sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $64.47, for a total transaction of $528,654.00. Following the sale, the vice president now directly owns 8,200 shares of the company’s stock, valued at $528,654. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 87,000 shares of company stock valued at $11,910 and sold 85,200 shares valued at $5,601,964. Insiders own 5.69% of the company’s stock.
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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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