Securian Asset Management Inc. Sells 320 Shares of The Toro Company (NYSE:TTC)

Securian Asset Management Inc. cut its position in shares of The Toro Company (NYSE:TTC) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,757 shares of the company’s stock after selling 320 shares during the quarter. Securian Asset Management Inc.’s holdings in Toro were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TTC. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Toro by 5.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 200,456 shares of the company’s stock valued at $17,386,000 after purchasing an additional 9,998 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Toro by 1.7% during the third quarter. OneDigital Investment Advisors LLC now owns 11,806 shares of the company’s stock valued at $1,024,000 after purchasing an additional 202 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Toro by 7.1% during the third quarter. Empowered Funds LLC now owns 2,366 shares of the company’s stock valued at $205,000 after purchasing an additional 156 shares in the last quarter. Claro Advisors LLC boosted its position in shares of Toro by 2.3% during the third quarter. Claro Advisors LLC now owns 7,313 shares of the company’s stock valued at $634,000 after purchasing an additional 161 shares in the last quarter. Finally, Quest Partners LLC boosted its position in shares of Toro by 62,750.0% during the third quarter. Quest Partners LLC now owns 3,771 shares of the company’s stock valued at $327,000 after purchasing an additional 3,765 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors.

Toro Stock Up 1.8 %

TTC stock opened at $73.19 on Monday. The Toro Company has a 1-year low of $71.75 and a 1-year high of $100.93. The business has a fifty day moving average price of $80.37 and a 200-day moving average price of $82.92. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The stock has a market capitalization of $7.31 billion, a P/E ratio of 18.25 and a beta of 0.70.

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

Toro declared that its board has authorized a stock buyback program on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. DA Davidson dropped their price target on Toro from $86.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Raymond James lowered their price objective on Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Robert W. Baird lowered their price objective on Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. StockNews.com cut Toro from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Northland Capmk upgraded Toro from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 21st. Three 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. According to MarketBeat, Toro presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

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.