IFP Advisors Inc increased its stake in shares of Toro Company (The) (NYSE:TTC) by 3.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 30,722 shares of the company’s stock after buying an additional 1,148 shares during the period. IFP Advisors Inc’s holdings in Toro Company (The) were worth $2,129,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Lowe Brockenbrough & Co. Inc. boosted its position in shares of Toro Company (The) by 0.5% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 12,075 shares of the company’s stock valued at $837,000 after buying an additional 65 shares during the period. World Asset Management Inc boosted its position in shares of Toro Company (The) by 2.8% in the second quarter. World Asset Management Inc now owns 7,809 shares of the company’s stock valued at $541,000 after buying an additional 214 shares during the period. Janney Montgomery Scott LLC boosted its stake in Toro Company (The) by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 12,413 shares of the company’s stock worth $860,000 after buying an additional 72 shares during the last quarter. Aperio Group LLC boosted its stake in Toro Company (The) by 18.7% in the second quarter. Aperio Group LLC now owns 127,131 shares of the company’s stock worth $8,809,000 after buying an additional 20,016 shares during the last quarter. Finally, James Investment Research Inc. boosted its stake in Toro Company (The) by 4.8% in the second quarter. James Investment Research Inc. now owns 746,296 shares of the company’s stock worth $51,711,000 after buying an additional 33,851 shares during the last quarter. Institutional investors and hedge funds own 76.01% of the company’s stock.

Shares of Toro Company (TTC) opened at 72.37 on Monday. The stock’s 50 day moving average price is $70.90 and its 200-day moving average price is $64.82. The company has a market capitalization of $7.81 billion, a PE ratio of 32.19 and a beta of 0.56. Toro Company has a 1-year low of $44.90 and a 1-year high of $73.00.

Toro Company (The) (NYSE:TTC) last released its quarterly earnings data on Thursday, May 25th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.03 by $0.05. Toro Company (The) had a return on equity of 44.74% and a net margin of 10.23%. The company had revenue of $872.77 million for the quarter, compared to analysts’ expectations of $863.17 million. During the same period last year, the firm posted $1.89 earnings per share. Toro Company (The)’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that Toro Company will post $2.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Friday, June 23rd were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $0.70 annualized dividend and a dividend yield of 0.97%. Toro Company (The)’s dividend payout ratio (DPR) is presently 30.97%.

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A number of equities research analysts have recently commented on TTC shares. BidaskClub cut Toro Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. Zacks Investment Research upgraded Toro Company (The) from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Thursday, July 13th. Finally, Longbow Research upgraded Toro Company (The) from an “underperform” rating to a “neutral” rating in a research note on Monday, May 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $62.75.

In related news, Director Gary Lee Ellis sold 10,492 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $67.57, for a total transaction of $708,944.44. Following the sale, the director now directly owns 37,304 shares of the company’s stock, valued at $2,520,631.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP William E. Brown, Jr. sold 19,332 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $70.88, for a total value of $1,370,252.16. Following the sale, the vice president now directly owns 189,790 shares in the company, valued at $13,452,315.20. The disclosure for this sale can be found here. Insiders have sold 72,872 shares of company stock worth $5,119,937 over the last ninety days. 5.69% of the stock is currently owned by insiders.

Toro Company (The) Company Profile

The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.

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Institutional Ownership by Quarter for Toro Company (The) (NYSE:TTC)

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