Toro Co (NYSE:TTC) VP Sells $710,974.68 in Stock

Toro Co (NYSE:TTC) VP Darren L. Redetzke sold 8,466 shares of Toro stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $83.98, for a total value of $710,974.68. Following the completion of the sale, the vice president now directly owns 23,183 shares of the company’s stock, valued at $1,946,908.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TTC stock traded up $1.25 during midday trading on Wednesday, hitting $85.51. 807,945 shares of the company’s stock were exchanged, compared to its average volume of 562,921. The stock’s fifty day moving average price is $75.43 and its 200-day moving average price is $68.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 1.74. The company has a market cap of $9.04 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.87 and a beta of 0.78. Toro Co has a one year low of $52.07 and a one year high of $85.93.

Toro (NYSE:TTC) last posted its earnings results on Thursday, September 3rd. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.26. The firm had revenue of $841.00 million for the quarter, compared to analyst estimates of $772.58 million. Toro had a return on equity of 32.58% and a net margin of 9.04%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. On average, analysts expect that Toro Co will post 2.86 EPS for the current year.

Several research firms have recently commented on TTC. Northcoast Research reissued a “neutral” rating on shares of Toro in a research note on Wednesday, June 3rd. Zacks Investment Research raised Toro from a “sell” rating to a “hold” rating in a research note on Thursday, August 6th. Colliers Secur. reaffirmed a “neutral” rating on shares of Toro in a research note on Friday, September 4th. Raymond James reaffirmed a “hold” rating on shares of Toro in a research note on Thursday, September 3rd. Finally, Robert W. Baird raised Toro from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $80.00 to $88.00 in a research note on Friday, September 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $82.00.

Several institutional investors have recently modified their holdings of the company. Aptus Capital Advisors LLC lifted its holdings in shares of Toro by 1.2% in the second quarter. Aptus Capital Advisors LLC now owns 12,221 shares of the company’s stock valued at $811,000 after purchasing an additional 142 shares in the last quarter. Dearborn Partners LLC lifted its holdings in shares of Toro by 2.7% in the second quarter. Dearborn Partners LLC now owns 9,185 shares of the company’s stock valued at $609,000 after purchasing an additional 238 shares in the last quarter. Pinz Capital Management LP bought a new stake in shares of Toro in the first quarter valued at about $26,000. ETF Managers Group LLC lifted its holdings in shares of Toro by 11.4% in the first quarter. ETF Managers Group LLC now owns 4,020 shares of the company’s stock valued at $267,000 after purchasing an additional 412 shares in the last quarter. Finally, Slow Capital Inc. lifted its holdings in shares of Toro by 8.1% in the first quarter. Slow Capital Inc. now owns 5,967 shares of the company’s stock valued at $388,000 after purchasing an additional 449 shares in the last quarter. Institutional investors own 81.77% of the company’s stock.

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

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