TD Asset Management Inc Sells 77,464 Shares of The Toro Company (NYSE:TTC)

TD Asset Management Inc decreased its stake in The Toro Company (NYSE:TTC) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 954,500 shares of the company’s stock after selling 77,464 shares during the period. TD Asset Management Inc owned 0.92% of Toro worth $89,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TTC. International Assets Investment Management LLC raised its holdings in shares of Toro by 9,500.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,744 shares of the company’s stock valued at $359,000 after purchasing an additional 3,705 shares during the last quarter. Natixis Advisors L.P. lifted its stake in Toro by 0.5% in the 4th quarter. Natixis Advisors L.P. now owns 25,092 shares of the company’s stock worth $2,408,000 after purchasing an additional 137 shares in the last quarter. Spire Wealth Management increased its stake in Toro by 3.8% in the 4th quarter. Spire Wealth Management now owns 4,749 shares of the company’s stock worth $441,000 after acquiring an additional 176 shares during the last quarter. Private Advisor Group LLC raised its stake in Toro by 20.4% in the fourth quarter. Private Advisor Group LLC now owns 6,210 shares of the company’s stock valued at $596,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Toro by 230.7% during the 4th quarter. Apollon Wealth Management LLC now owns 8,753 shares of the company’s stock valued at $840,000 after purchasing an additional 6,106 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Richard M. Olson sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $95.19, for a total transaction of $1,903,800.00. Following the sale, the chief executive officer now owns 17,913 shares of the company’s stock, valued at $1,705,138.47. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their price target on shares of Toro from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $99.25.

Toro Trading Down 10.1 %

Shares of NYSE:TTC opened at $81.81 on Friday. The stock has a 50 day moving average of $91.99 and a 200 day moving average of $90.12. The company has a market cap of $8.50 billion, a PE ratio of 32.34 and a beta of 0.69. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61. The Toro Company has a 12-month low of $77.15 and a 12-month high of $102.00.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, September 5th. The company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). Toro had a net margin of 6.00% and a return on equity of 25.04%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts expect that The Toro Company will post 4.32 EPS for the current year.

Toro Company Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.