StockNews.com cut shares of Toro (NYSE:TTC – Get Rating) from a buy rating to a hold rating in a report published on Wednesday.
A number of other equities analysts also recently weighed in on TTC. Raymond James raised shares of Toro from a market perform rating to an outperform rating and set a $130.00 price target on the stock in a research note on Friday, December 23rd. Robert W. Baird dropped their target price on Toro from $120.00 to $116.00 in a research report on Thursday, December 22nd.
Toro Trading Down 1.7 %
Shares of NYSE TTC opened at $106.02 on Wednesday. The firm has a market capitalization of $11.06 billion, a PE ratio of 23.25 and a beta of 0.73. Toro has a one year low of $71.86 and a one year high of $117.66. The company has a current ratio of 1.78, a quick ratio of 0.63 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $111.77 and a two-hundred day moving average price of $105.33.
Insider Transactions at Toro
In other Toro news, VP Blake M. Grams sold 6,199 shares of the stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $114.01, for a total transaction of $706,747.99. Following the transaction, the vice president now directly owns 36,998 shares of the company’s stock, valued at $4,218,141.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Toro news, Director Katherine J. Harless sold 5,104 shares of the stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $113.50, for a total transaction of $579,304.00. Following the transaction, the director now owns 53,364 shares in the company, valued at $6,056,814. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Blake M. Grams sold 6,199 shares of the business’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $114.01, for a total transaction of $706,747.99. Following the completion of the sale, the vice president now owns 36,998 shares of the company’s stock, valued at $4,218,141.98. The disclosure for this sale can be found here. Insiders have sold a total of 51,733 shares of company stock worth $5,805,159 in the last 90 days. 2.22% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Wipfli Financial Advisors LLC acquired a new stake in shares of Toro in the third quarter valued at about $177,000. Millennium Management LLC increased its position in Toro by 1,983.0% in the 2nd quarter. Millennium Management LLC now owns 462,994 shares of the company’s stock worth $35,090,000 after buying an additional 440,767 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Toro by 2.1% during the third quarter. Nisa Investment Advisors LLC now owns 52,214 shares of the company’s stock worth $4,529,000 after buying an additional 1,079 shares during the last quarter. Commerce Bank boosted its position in shares of Toro by 3.1% in the second quarter. Commerce Bank now owns 49,104 shares of the company’s stock valued at $3,722,000 after acquiring an additional 1,480 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Toro by 990.5% in the third quarter. Canada Pension Plan Investment Board now owns 22,900 shares of the company’s stock worth $1,980,000 after acquiring an additional 20,800 shares during the last quarter. Institutional investors own 85.14% of the company’s stock.
The Toro Co is in the business of designing, manufacturing, marketing, and selling professional turf maintenance equipment and services. It operates through the following segments: Professional and Residential. The Professional segment consists of turf and landscape equipment, rental, specialty, and underground construction equipment, snow & ice management equipment, and irrigation and lighting products.
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