Gideon Capital Advisors Inc. Has $206,000 Stake in Toro Co (TTC)

Gideon Capital Advisors Inc. lowered its position in Toro Co (NYSE:TTC) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,690 shares of the company’s stock after selling 960 shares during the period. Gideon Capital Advisors Inc.’s holdings in Toro were worth $206,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in Toro by 40.9% during the third quarter. First Trust Advisors LP now owns 86,148 shares of the company’s stock valued at $5,166,000 after acquiring an additional 25,014 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Toro by 31.4% in the third quarter. Victory Capital Management Inc. now owns 70,439 shares of the company’s stock valued at $4,224,000 after buying an additional 16,823 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Toro by 39.1% in the third quarter. Wells Fargo & Company MN now owns 810,277 shares of the company’s stock valued at $48,592,000 after buying an additional 227,864 shares during the period. SG Americas Securities LLC lifted its stake in shares of Toro by 193.2% in the third quarter. SG Americas Securities LLC now owns 56,834 shares of the company’s stock valued at $3,408,000 after buying an additional 37,453 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Toro by 4.3% in the third quarter. JPMorgan Chase & Co. now owns 4,238,021 shares of the company’s stock valued at $254,153,000 after buying an additional 173,667 shares during the period. Institutional investors own 79.89% of the company’s stock.

TTC has been the subject of several research reports. ValuEngine upgraded shares of Toro from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Zacks Investment Research cut shares of Toro from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. Finally, Robert W. Baird assumed coverage on shares of Toro in a research note on Friday, January 18th. They issued a “neutral” rating and a $62.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $66.00.

NYSE:TTC opened at $67.75 on Friday. Toro Co has a 12-month low of $52.97 and a 12-month high of $69.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 0.92. The stock has a market capitalization of $7.19 billion, a P/E ratio of 25.37 and a beta of 0.76.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. Toro had a net margin of 11.55% and a return on equity of 44.47%. The firm had revenue of $603.00 million during the quarter, compared to analyst estimates of $575.05 million. During the same quarter in the prior year, the business posted $0.48 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts predict that Toro Co will post 2.91 EPS for the current fiscal year.

In other news, Director Robert C. Buhrmaster sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $67.27, for a total transaction of $605,430.00. Following the completion of the sale, the director now owns 25,091 shares of the company’s stock, valued at $1,687,871.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Richard W. Rodier sold 7,727 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $57.21, for a total transaction of $442,061.67. Following the sale, the vice president now directly owns 30,122 shares of the company’s stock, valued at approximately $1,723,279.62. The disclosure for this sale can be found here. Insiders sold 47,835 shares of company stock valued at $3,187,100 in the last three months. Company insiders own 2.36% of the company’s stock.

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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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