BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 2,520 Shares of The Toro Company (NYSE:TTC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of The Toro Company (NYSE:TTC) by 17.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,859 shares of the company’s stock after buying an additional 2,520 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Toro were worth $1,576,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in Toro by 9,500.0% during 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 in the last quarter. Savant Capital LLC increased its holdings in shares of Toro by 5.6% in the 4th quarter. Savant Capital LLC now owns 4,637 shares of the company’s stock worth $445,000 after buying an additional 247 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Toro during the 4th quarter valued at about $103,000. Natixis Advisors L.P. lifted its holdings in shares of Toro by 0.5% in the 4th quarter. Natixis Advisors L.P. now owns 25,092 shares of the company’s stock valued at $2,408,000 after acquiring an additional 137 shares during the last quarter. Finally, Connecticut Wealth Management LLC purchased a new position in Toro in the fourth quarter worth about $254,000. Institutional investors own 87.95% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Toro

In other news, CEO Richard M. Olson sold 20,000 shares of Toro stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 17,913 shares in the company, valued at $1,705,138.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.62% of the stock is currently owned by corporate insiders.

Toro Trading Up 0.7 %

Shares of TTC opened at $92.60 on Monday. The company’s fifty day simple moving average is $92.02 and its 200-day simple moving average is $90.16. The company has a market cap of $9.62 billion, a P/E ratio of 36.60 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 twelve month low of $77.15 and a twelve month high of $104.23.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Toro had a net margin of 6.00% and a return on equity of 25.04%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 EPS. As a group, 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.