Toro Co (NYSE:TTC) Shares Acquired by Swiss National Bank

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Swiss National Bank raised its stake in shares of Toro Co (NYSE:TTC) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,500 shares of the company’s stock after purchasing an additional 5,800 shares during the quarter. Swiss National Bank owned about 0.19% of Toro worth $13,213,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its stake in Toro by 2.0% during the 1st quarter. BlackRock Inc. now owns 9,758,946 shares of the company’s stock valued at $671,805,000 after purchasing an additional 188,281 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Toro by 3.9% during the 1st quarter. Neuberger Berman Group LLC now owns 2,857,566 shares of the company’s stock valued at $196,715,000 after purchasing an additional 106,340 shares in the last quarter. Nordea Investment Management AB increased its stake in Toro by 10.2% during the 1st quarter. Nordea Investment Management AB now owns 1,155,745 shares of the company’s stock valued at $79,561,000 after purchasing an additional 107,128 shares in the last quarter. Geode Capital Management LLC increased its stake in Toro by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 1,076,076 shares of the company’s stock valued at $60,131,000 after purchasing an additional 94,376 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in Toro by 37.8% during the 1st quarter. King Luther Capital Management Corp now owns 966,956 shares of the company’s stock valued at $66,565,000 after purchasing an additional 265,340 shares in the last quarter. Institutional investors and hedge funds own 81.87% of the company’s stock.

In related news, VP Amy E. Dahl sold 2,900 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $68.87, for a total transaction of $199,723.00. Following the sale, the vice president now directly owns 14,779 shares of the company’s stock, valued at $1,017,829.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.36% of the company’s stock.

TTC has been the topic of a number of research reports. Sidoti set a $72.00 price objective on shares of Toro and gave the stock a “hold” rating in a research note on Tuesday, June 11th. Zacks Investment Research lowered shares of Toro from a “hold” rating to a “sell” rating in a research note on Friday.

NYSE:TTC opened at $71.07 on Friday. The firm has a market capitalization of $7.66 billion, a P/E ratio of 26.62 and a beta of 0.80. Toro Co has a 1-year low of $52.97 and a 1-year high of $75.25. The company’s fifty day moving average price is $70.85 and its 200-day moving average price is $69.17. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.51 and a quick ratio of 0.78.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.10. The firm had revenue of $838.71 million for the quarter, compared to analyst estimates of $876.33 million. Toro had a net margin of 10.62% and a return on equity of 40.99%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. Equities analysts anticipate that Toro Co will post 2.94 EPS for the current fiscal year.

Toro Company Profile

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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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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