Toro Co (NYSE:TTC) CFO Renee J. Peterson Sells 78,000 Shares

Share on StockTwits

Toro Co (NYSE:TTC) CFO Renee J. Peterson sold 78,000 shares of Toro stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.05, for a total value of $5,775,900.00. Following the completion of the sale, the chief financial officer now owns 9,682 shares in the company, valued at $716,952.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TTC opened at $73.24 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.49 and a quick ratio of 0.67. The company’s 50 day simple moving average is $72.46 and its two-hundred day simple moving average is $70.25. Toro Co has a 1-year low of $52.97 and a 1-year high of $75.27. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80.

Toro (NYSE:TTC) last released its earnings results 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. Toro had a net margin of 9.34% and a return on equity of 40.52%. The business had revenue of $838.71 million for the quarter, compared to analyst estimates of $876.33 million. During the same period last year, the company posted $0.68 EPS. The business’s revenue was up 27.9% on a year-over-year basis. On average, equities analysts anticipate that Toro Co will post 2.96 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Toro by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 10,575,566 shares of the company’s stock worth $707,505,000 after purchasing an additional 86,036 shares in the last quarter. BlackRock Inc. lifted its stake in Toro by 1.5% in the 2nd quarter. BlackRock Inc. now owns 9,905,623 shares of the company’s stock worth $662,687,000 after purchasing an additional 146,677 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Toro by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,369,283 shares of the company’s stock worth $626,805,000 after purchasing an additional 32,412 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Toro by 3.9% in the 1st quarter. Neuberger Berman Group LLC now owns 2,857,566 shares of the company’s stock worth $196,715,000 after purchasing an additional 106,340 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in Toro by 3.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 2,599,067 shares of the company’s stock worth $173,878,000 after purchasing an additional 94,387 shares in the last quarter. 82.28% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Toro from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. ValuEngine cut Toro from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Sidoti set a $72.00 price objective on Toro and gave the stock a “hold” rating in a report on Tuesday, June 11th. Finally, Dougherty & Co assumed coverage on Toro in a report on Wednesday, August 28th. They issued a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating, Toro presently has an average rating of “Hold” and a consensus price target of $71.00.

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.

Recommended Story: Why Net Income is Important to Investors

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

Receive News & Ratings for Toro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

CIBC Private Wealth Group LLC Lowers Holdings in Vanguard Small-Cap Value ETF
CIBC Private Wealth Group LLC Lowers Holdings in Vanguard Small-Cap Value ETF
Legg Mason Inc  Shares Sold by Ladenburg Thalmann Financial Services Inc.
Legg Mason Inc Shares Sold by Ladenburg Thalmann Financial Services Inc.
Direxion Daily Junior Gold Miners Index Bull 3x Shares  Shares Sold by Morgan Stanley
Direxion Daily Junior Gold Miners Index Bull 3x Shares Shares Sold by Morgan Stanley
Morgan Stanley Has $5.39 Million Position in Schwab International Small-Cap Equity ETF
Morgan Stanley Has $5.39 Million Position in Schwab International Small-Cap Equity ETF
Morgan Stanley Buys 130,719 Shares of IMPINJ Inc
Morgan Stanley Buys 130,719 Shares of IMPINJ Inc
Gap Inc  Shares Purchased by DNB Asset Management AS
Gap Inc Shares Purchased by DNB Asset Management AS


© 2006-2019 Ticker Report