Oregon Public Employees Retirement Fund acquired a new position in Toro Co (NYSE:TTC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,432 shares of the company’s stock, valued at approximately $2,496,000.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in Toro by 164.2% in the first 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% in the second 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 bought a new position in Toro in the second quarter worth approximately $175,000. NumerixS Investment Technologies Inc grew its stake in Toro by 3,100.0% in the second 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. bought a new position in Toro in the second quarter worth approximately $208,000. 76.35% of the stock is currently owned by institutional investors.

Toro stock opened at $64.00 on Wednesday. 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 $6.60 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 2.33 and a beta of 0.62. Toro Co has a twelve month low of $56.60 and a twelve month high of $67.81.

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

TTC has been the subject of a number of analyst reports. ValuEngine upgraded Toro from a “sell” rating to a “hold” rating in a report on Thursday, May 24th. 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 target price for the company in a report on Monday, June 11th.

In other Toro news, VP Bradley A. Hamilton sold 6,060 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $62.74, for a total transaction of $380,204.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darren L. Redetzke sold 5,000 shares of the company’s stock in a transaction on Thursday, June 28th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the vice president now owns 13,065 shares of the company’s stock, valued at approximately $783,900. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,822 shares of company stock valued at $2,313,487. 5.32% of the stock is owned by company insiders.

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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