The Toro Company (NYSE:TTC) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Toro Company (NYSE:TTC) by 68.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,762 shares of the company’s stock after buying an additional 25,561 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Toro worth $5,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Amundi grew its stake in Toro by 30.3% during the 4th quarter. Amundi now owns 1,121,116 shares of the company’s stock worth $89,701,000 after purchasing an additional 260,746 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Toro by 4.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 20,359 shares of the company’s stock worth $1,631,000 after purchasing an additional 867 shares in the last quarter. AMG National Trust Bank acquired a new position in Toro during the 4th quarter worth $1,579,000. Andra AP fonden lifted its holdings in Toro by 60.7% during the 4th quarter. Andra AP fonden now owns 85,500 shares of the company’s stock worth $6,849,000 after buying an additional 32,300 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in Toro by 34.2% during the 4th quarter. Edgestream Partners L.P. now owns 35,346 shares of the company’s stock worth $2,831,000 after buying an additional 9,015 shares during the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTC has been the subject of a number of recent analyst reports. Northland Securities raised Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Monday, February 24th. Robert W. Baird decreased their price target on Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, March 7th. DA Davidson decreased their price target on Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday. Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. Finally, StockNews.com downgraded Toro from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Toro Stock Up 1.8 %

Toro stock opened at $73.19 on Friday. The Toro Company has a fifty-two week low of $71.75 and a fifty-two week high of $100.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The company has a market capitalization of $7.31 billion, a P/E ratio of 18.25 and a beta of 0.70. The stock has a 50-day simple moving average of $80.37 and a 200-day simple moving average of $83.03.

Toro (NYSE:TTC) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. Equities research analysts expect that The Toro Company will post 4.41 earnings per share for the current year.

Toro declared that its Board of Directors has initiated a stock buyback plan on Tuesday, December 10th that authorizes the company to repurchase 4,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.