Great West Life Assurance Co. Can decreased its stake in Toro Co (NYSE:TTC) by 1.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 82,377 shares of the company’s stock after selling 887 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Toro were worth $4,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Toro by 24.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 659,820 shares of the company’s stock valued at $39,754,000 after acquiring an additional 130,583 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Toro by 1.5% in the 2nd quarter. BlackRock Inc. now owns 9,485,585 shares of the company’s stock valued at $571,507,000 after acquiring an additional 138,009 shares in the last quarter. Meristem LLP bought a new position in shares of Toro in the 2nd quarter valued at about $3,465,000. Private Advisor Group LLC bought a new position in shares of Toro in the 2nd quarter valued at about $299,000. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Toro by 3.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 90,983 shares of the company’s stock valued at $5,482,000 after acquiring an additional 2,925 shares in the last quarter. Institutional investors own 76.35% of the company’s stock.

In related news, Director Janet Katherine Cooper sold 3,336 shares of Toro stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $61.24, for a total transaction of $204,296.64. Following the completion of the transaction, the director now owns 5,536 shares in the company, valued at $339,024.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Amy E. Dahl sold 2,690 shares of Toro stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $60.76, for a total value of $163,444.40. Following the transaction, the vice president now owns 11,614 shares of the company’s stock, valued at approximately $705,666.64. The disclosure for this sale can be found here. Insiders have sold 31,762 shares of company stock valued at $1,933,283 in the last quarter. 5.32% of the stock is currently owned by corporate insiders.

Toro stock opened at $63.86 on Tuesday. Toro Co has a 52 week low of $56.60 and a 52 week high of $67.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.71 and a quick ratio of 0.99. The stock has a market cap of $6.60 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, August 23rd. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Toro had a return on equity of 46.89% and a net margin of 10.39%. The business had revenue of $655.80 million during the quarter, compared to analysts’ expectations of $664.75 million. During the same quarter last year, the company posted $0.61 earnings per share. Toro’s quarterly 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 year.

TTC has been the subject of several analyst reports. Cleveland Research cut Toro from a “buy” rating to a “neutral” rating in a report on Monday, May 14th. ValuEngine cut Toro from a “hold” rating to a “sell” rating in a report on Monday, May 14th. Zacks Investment Research upgraded Toro from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. Finally, Dougherty & Co upgraded Toro from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Monday, June 11th.

Toro Company 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: Technical Analysis

Want to see what other hedge funds are holding TTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toro Co (NYSE:TTC).

Institutional Ownership by Quarter for Toro (NYSE:TTC)

Receive News & Ratings for Toro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro and related companies with MarketBeat.com's FREE daily email newsletter.