Caxton Associates LP raised its holdings in Toro Co (NYSE:TTC) by 66.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,283 shares of the company’s stock after buying an additional 5,683 shares during the quarter. Caxton Associates LP’s holdings in Toro were worth $932,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of TTC. Arrowstreet Capital Limited Partnership grew its position in shares of Toro by 143.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,028,994 shares of the company’s stock worth $67,121,000 after buying an additional 605,894 shares during the last quarter. American Century Companies Inc. grew its position in shares of Toro by 33.2% in the 4th quarter. American Century Companies Inc. now owns 1,186,721 shares of the company’s stock worth $77,410,000 after buying an additional 295,592 shares during the last quarter. BlackRock Inc. grew its position in shares of Toro by 2.3% in the 4th quarter. BlackRock Inc. now owns 9,014,257 shares of the company’s stock worth $587,999,000 after buying an additional 204,035 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Toro in the 4th quarter worth approximately $11,440,000. Finally, Russell Investments Group Ltd. grew its position in shares of Toro by 145.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 258,695 shares of the company’s stock worth $16,055,000 after buying an additional 153,342 shares during the last quarter. Hedge funds and other institutional investors own 74.44% of the company’s stock.
Shares of Toro Co (NYSE TTC) opened at $63.60 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.57. Toro Co has a 1 year low of $58.39 and a 1 year high of $73.86. The firm has a market capitalization of $6,817.54, a P/E ratio of 28.78, a P/E/G ratio of 2.39 and a beta of 0.62.
In related news, VP Bradley A. Hamilton sold 2,000 shares of Toro stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $65.33, for a total transaction of $130,660.00. Following the sale, the vice president now directly owns 3,851 shares in the company, valued at $251,585.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy P. Dordell sold 46,000 shares of Toro stock in a transaction that occurred on 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 sale, the vice president now owns 24,225 shares in the company, valued at $1,600,545.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 87,000 shares of company stock worth $11,910 and have sold 62,200 shares worth $4,087,874. Insiders own 5.69% of the company’s stock.
Separately, Zacks Investment Research lowered Toro from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $71.00.
Toro Company Profile
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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