Lowe Brockenbrough & Co. Inc. increased its stake in shares of Toro Co (NYSE:TTC) by 19.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,415 shares of the company’s stock after purchasing an additional 2,385 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Toro were worth $869,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTC. Parallel Advisors LLC grew its stake in Toro by 164.2% during the 1st quarter. Parallel Advisors LLC now owns 1,617 shares of the company’s stock worth $101,000 after purchasing an additional 1,005 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Toro by 201.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,450 shares of the company’s stock worth $148,000 after purchasing an additional 1,636 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in Toro during the 2nd quarter worth $175,000. NumerixS Investment Technologies Inc grew its stake in Toro by 3,100.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the company’s stock worth $192,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Rockland Trust Co. acquired a new position in Toro during the 2nd quarter worth $208,000. 76.33% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Philip A. Burkart sold 17,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $61.09, for a total value of $1,038,530.00. Following the completion of the sale, the vice president now directly owns 168,962 shares of the company’s stock, valued at approximately $10,321,888.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darren L. Redetzke sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the vice president now directly owns 13,065 shares of the company’s stock, valued at $783,900. The disclosure for this sale can be found here. Insiders have sold a total of 29,072 shares of company stock valued at $1,769,839 over the last ninety days. 5.69% of the stock is owned by company insiders.

Shares of NYSE TTC opened at $60.53 on Friday. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.26 and a beta of 0.55. The company has a quick ratio of 0.99, a current ratio of 1.71 and a debt-to-equity ratio of 0.48. Toro Co has a 1 year low of $56.60 and a 1 year high of $67.81.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, August 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.02. The company had revenue of $655.80 million during the quarter, compared to the consensus estimate of $664.75 million. Toro had a return on equity of 46.89% and a net margin of 10.39%. Toro’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. equities research analysts expect that Toro Co will post 2.69 EPS for the current fiscal year.

Several research analysts recently commented on the company. ValuEngine raised Toro from a “sell” rating to a “hold” rating in a research note on Thursday, May 24th. Dougherty & Co raised Toro from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a report on Monday, June 11th. Zacks Investment Research raised Toro from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. Finally, Cleveland Research downgraded Toro from a “buy” rating to a “neutral” rating in a report on Monday, May 14th.

Toro Profile

The Toro Company manufactures and markets turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, and residential yard and snow thrower products worldwide. Its Professional segment offers turf and landscape equipment products, such as sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and construction equipment, and other maintenance equipment; snowplows, salt and sand spreaders, and related parts and accessories; and sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, and micro-irrigation drip tape and hose products, as well as professionally installed lighting products.

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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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