US Bancorp DE lowered its position in shares of Toro Co (NYSE:TTC) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 76,680 shares of the company’s stock after selling 2,166 shares during the period. US Bancorp DE’s holdings in Toro were worth $4,621,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. lifted its position in Toro by 3.7% during the first quarter. BlackRock Inc. now owns 9,347,576 shares of the company’s stock valued at $583,756,000 after buying an additional 333,319 shares during the period. Bank of New York Mellon Corp lifted its position in Toro by 13.8% during the second quarter. Bank of New York Mellon Corp now owns 1,955,338 shares of the company’s stock valued at $117,809,000 after buying an additional 236,673 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in Toro by 64.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,817,484 shares of the company’s stock valued at $113,502,000 after buying an additional 712,331 shares during the period. Select Equity Group L.P. lifted its position in Toro by 97.9% during the first quarter. Select Equity Group L.P. now owns 1,025,856 shares of the company’s stock valued at $64,065,000 after buying an additional 507,586 shares during the period. Finally, Northern Trust Corp lifted its position in Toro by 2.4% during the first quarter. Northern Trust Corp now owns 836,616 shares of the company’s stock valued at $52,246,000 after buying an additional 19,456 shares during the period. 76.33% of the stock is owned by institutional investors and hedge funds.

In other news, VP Darren L. Redetzke sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 28th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the vice president now directly owns 13,065 shares in the company, valued at $783,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet Katherine Cooper sold 3,536 shares of Toro stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $60.75, for a total value of $214,812.00. Following the completion of the sale, the director now owns 5,736 shares of the company’s stock, valued at $348,462. The disclosure for this sale can be found here. Insiders have sold 29,072 shares of company stock valued at $1,769,839 over the last 90 days. Corporate insiders own 5.69% of the company’s stock.

Several equities analysts have commented on the company. ValuEngine lowered Toro from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Dougherty & Co reissued a “buy” rating on shares of Toro in a research report on Monday, August 13th. Cleveland Research lowered Toro from a “buy” rating to a “neutral” rating in a research report on Monday, May 14th. Finally, Zacks Investment Research lowered Toro from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th.

Shares of NYSE:TTC opened at $60.53 on Friday. Toro Co has a 1-year low of $56.60 and a 1-year high of $67.81. The company has a quick ratio of 0.99, a current ratio of 1.71 and a debt-to-equity ratio of 0.48. The firm has a market cap of $6.41 billion, a PE ratio of 25.12, a P/E/G ratio of 2.26 and a beta of 0.55.

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

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.

See Also: Hedge Funds Explained

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Institutional Ownership by Quarter for Toro (NYSE:TTC)

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