Jefferies Group LLC increased its holdings in Toro Co (NYSE:TTC) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,020 shares of the company’s stock after buying an additional 4,526 shares during the period. Jefferies Group LLC’s holdings in Toro were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Toro by 2.3% in the fourth quarter. BlackRock Inc. now owns 9,014,257 shares of the company’s stock valued at $587,999,000 after buying an additional 204,035 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Toro by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,717,251 shares of the company’s stock valued at $112,016,000 after buying an additional 19,014 shares in the last quarter. American Century Companies Inc. raised its position in shares of Toro by 33.2% in the fourth quarter. American Century Companies Inc. now owns 1,186,721 shares of the company’s stock valued at $77,410,000 after buying an additional 295,592 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Toro by 143.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,028,994 shares of the company’s stock valued at $67,121,000 after buying an additional 605,894 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Toro by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 924,897 shares of the company’s stock valued at $60,330,000 after buying an additional 21,334 shares in the last quarter. Institutional investors own 75.47% of the company’s stock.

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In other Toro news, VP Richard W. Rodier sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $63.27, for a total transaction of $189,810.00. Following the completion of the transaction, the vice president now directly owns 26,122 shares in the company, valued at $1,652,738.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Bradley A. Hamilton sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $65.33, for a total transaction of $130,660.00. Following the transaction, the vice president now owns 3,851 shares of the company’s stock, valued at $251,585.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 87,000 shares of company stock valued at $11,910 and have sold 65,200 shares valued at $4,277,684. 5.32% of the stock is owned by insiders.

Separately, Zacks Investment Research downgraded shares of Toro from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $71.00.

Shares of Toro Co (NYSE TTC) opened at $63.20 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.57 and a quick ratio of 0.81. Toro Co has a 1 year low of $58.39 and a 1 year high of $73.86. The firm has a market cap of $6,787.52, a P/E ratio of 25.53, a PEG ratio of 2.38 and a beta of 0.62.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. Toro had a net margin of 9.67% and a return on equity of 44.59%. The business had revenue of $548.25 million during the quarter, compared to the consensus estimate of $538.92 million. During the same period in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. analysts predict that Toro Co will post 2.66 EPS for the current year.

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About Toro

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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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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