Toro Company (The) (NYSE:TTC) Position Maintained by Sit Investment Associates Inc.

Sit Investment Associates Inc. continued to hold its position in shares of Toro Company (The) (NYSE:TTC) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,625 shares of the company’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in Toro Company (The) were worth $251,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quadrature Capital Ltd acquired a new position in shares of Toro Company (The) during the fourth quarter worth about $444,000. Perigon Wealth Management LLC increased its position in shares of Toro Company (The) by 4.4% in the fourth quarter. Perigon Wealth Management LLC now owns 8,265 shares of the company’s stock worth $500,000 after buying an additional 346 shares during the last quarter. HighPoint Advisor Group LLC increased its position in shares of Toro Company (The) by 74.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 16,389 shares of the company’s stock worth $1,002,000 after buying an additional 6,969 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Toro Company (The) by 20.6% in the fourth quarter. Teachers Advisors LLC now owns 391,661 shares of the company’s stock worth $21,913,000 after buying an additional 66,842 shares during the last quarter. Finally, Creative Planning increased its position in shares of Toro Company (The) by 11.0% in the first quarter. Creative Planning now owns 3,384 shares of the company’s stock worth $211,000 after buying an additional 335 shares during the last quarter. 76.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Toro Company (NYSE:TTC) traded up 1.83% during midday trading on Friday, hitting $70.12. 1,258,687 shares of the stock were exchanged. Toro Company has a 12 month low of $46.09 and a 12 month high of $73.86. The stock has a 50 day moving average price of $71.24 and a 200-day moving average price of $65.94. The company has a market cap of $7.57 billion, a PE ratio of 31.19 and a beta of 0.56.

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

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TTC has been the topic of a number of recent analyst reports. Longbow Research raised Toro Company (The) from an “underperform” rating to a “neutral” rating in a research report on Monday, May 22nd. BidaskClub lowered shares of Toro Company (The) from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research raised shares of Toro Company (The) from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Thursday, July 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Toro Company (The) has an average rating of “Buy” and an average price target of $62.75.

In other Toro Company (The) news, Director Gary Lee Ellis sold 10,492 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $67.57, for a total transaction of $708,944.44. Following the transaction, the director now directly owns 37,304 shares of the company’s stock, valued at approximately $2,520,631.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher A. Twomey sold 15,108 shares of Toro Company (The) stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $71.75, for a total transaction of $1,083,999.00. Following the completion of the sale, the director now directly owns 15,108 shares in the company, valued at approximately $1,083,999. The disclosure for this sale can be found here. Insiders have sold a total of 72,872 shares of company stock worth $5,119,937 over the last three months. 5.69% of the stock is currently owned by insiders.

About Toro Company (The)

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.

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

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