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Assenagon Asset Management S.A. invests $208,000 in Toro Company (NYSE:TTC)

Assenagon Asset Management S.A. invests $208,000 in Toro Company (NYSE:TTC)

According to the most recent quarterly report that Assenagon Asset Management S.A. presented to the Securities and Exchange Commission, the company increased its ownership of The Toro Company (NYSE: TTC) during the third quarter of 2018. The report was submitted as part of the company’s regular reporting requirements (SEC). The institutional investor spent close to 208 thousand dollars, bringing the total amount spent to acquire 2,405 shares of stock in the company to approximately 208 thousand dollars.

Due to these adjustments, the aggregate value of the other significant investors’ holdings in TTC has changed. In the first three months of 2018, the Bank of Montreal Canada increased the percentage of Toro that it held in its portfolio by 1.2%. After making an additional purchase of 563 shares of the company during the most recent quarter, the Bank of Montreal now has 49,173 shares of ownership in the business. The total value of the holdings that the Bank of Montreal Can have in the company comes to $4,262,000. The holdings of Toro that APG Asset Management N.V. manages increased by 37.2% during the first three months of this year. As a result of the most recent acquisition of 4,200 additional shares during the most recent quarter, APG Asset Management N.V. now directly owns 15,500 shares in the company, which have a value of $1,191,000. This is because the company made its most recent acquisition during the quarter. The Great West Life Assurance Company of Canada increased the amount of Toro stock owned by 7.6% over the first three months of 2018. After making an additional purchase of 4,269 shares during the most recent fiscal quarter, Great West Life Assurance Co. now directly owns a total of 60,366 shares of the company’s stock, which have a value of $5,309,000. This brings the total number of shares directly owned by the company to 60,366. Dimensional Fund Advisors L.P. added 2.7% more Toro stock to its holdings during the year’s first three months. As a result of the recent acquisition of 23,223 additional shares during the most recent quarter, Dimensional Fund Advisors L.P. now holds a total of 883,779 shares of the company, valued at $75,558,000. This brings the total number of shares owned by the firm to a total of 883,779, And finally, during the first three months of this year, Baird Financial Group Inc. increased the amount of Toro stock owned by 9.2 percent. Baird Financial Group Inc. has acquired a direct ownership stake of 37,193 company shares, currently valued at $3,180,000. This is a direct consequence of the company purchasing an additional 3,144 shares during the period covering the preceding three months. To the tune of 85.14 percent, the company’s stock is owned by institutional investors and hedge funds.

The TTC has been the subject of several studies that have been published in recent years. Robert W. Baird lowered their target price on Toro shares in a research note published on December 22. The new price target for Toro shares is $116.00, down from $120.00. In a report on the company’s performance that was made public on Friday, December 23, Raymond James upgraded its rating on Toro to “outperform” and set its price target at $130.00. This information was included in the report. StockNews.com announced on Friday, January 13, that it had upgraded its recommendation on Toro shares, moving them from a “hold” rating to a “buy” rating. This change was made public in a research note published on Friday, January 13.

On December 27, Blake M. Grams, the vice president of Toro, sold 6,199 shares of the company’s stock. The transaction took place on a Tuesday. The transaction that resulted in a total of $706,747.99 was $114.01 per share, the average price paid for the shares. The price paid per share for the transaction was $114.01. Following the completion of the transaction, the vice president will have a direct ownership stake in 36,998 company shares, each of which will have a value of $4,218,141.98. The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC. Katherine J. Harless, a director at Toro, completed a transaction on January 5 in which she sold 5,104 shares of the company’s stock. This is an additional development about Toro. According to the reports, this transaction took place. The transaction involved the sale of the shares at an average price of $113.50 per share, which resulted in a total sale volume of $579,304.00. Following the completion of the sale, the director will have a direct ownership stake in 53,364 company shares, each of which will have a value of $6,056,814 going forward. The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC. Additionally, on December 27 of this year, Blake M. Grams, Vice President of Toro, sold 6,199 shares of the company’s stock. The transaction that resulted in a total of $706,747.99 was $114.01 per share, the average price paid for the shares. The price paid per share for the transaction was $114.01. Because of the transaction, the vice president now owns 36,998 company stock shares, with an aggregate value of $4,218,141.98. The disclosure about the purchase can be found in this particular location. Insiders of the company have sold 39,733 shares of company stock in the course of the most recent three months, realizing a total price of $4,492,359. 2.10 company insiders own a percent of the total shares currently outstanding.

TTC shares officially started trading for the first time on Thursday for $112.98 per share. The moving average for the company over the past 50 days is $112.31, and the moving average over the past 200 days is $97.51. The debt-to-equity ratio presently stands at 0.73, the quick ratio stands at 0.59, and the current ratio stands at 1.58. Over the previous year, The Toro Company reached an all-time low of $71.86, while the company reached an all-time high of $117.66. The company possesses a price-to-earnings ratio of 26.84, a beta coefficient of 0.74, and a market value currently at $11.75 billion.

The most recent quarterly earnings report for Toro, traded on the New York Stock Exchange under the TTC, was made public on December 21. The quarterly earnings per share for Toro came in at $1.11, which was in line with the consensus estimate of $1.11 provided by industry analysts. Toro’s revenue for the quarter came in at $2,090,500. The return on equity for Toro was 35.67%, and the net margin for the company was 9.82%. Nevertheless, the company could only bring in revenue totaling $1.17 billion during the quarter, even though analysts predicted it would bring in revenue totaling $1.18 billion. In the same period the year before, the business posted profits per share of $0.56 in the same amount. In comparison to the same period in 2017, Toro experienced revenue growth that was 22.0% higher. According to estimates provided by sell-side analysts, The Toro Company’s current financial year will result in earnings per share of $4.95 by the end of the period.

Additionally, on January 11 of this year, the company announced and distributed a quarterly dividend that was paid out to shareholders. On December 28, shareholders who recorded holders as of the previous business day received the dividend payment of $0.34. The dividend was paid out on December 28. Since Toro’s most recent quarterly dividend was $0.30, we can say that this represents an increase in the company’s dividend. This equates to an annual dividend payment of $1.36 and a dividend yield of 1.20 percent when calculated annually. This dividend’s ex-dividend date occurred on a Tuesday in December, on the 27th of the month. Toro’s dividend payout ratio (also known as DPR) was recently established at 32.30 percent.

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