The Toro Company (NYSE:TTC) Shares Sold by Claro Advisors LLC

Claro Advisors LLC decreased its holdings in The Toro Company (NYSE:TTC) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,152 shares of the company’s stock after selling 242 shares during the quarter. Claro Advisors LLC’s holdings in Toro were worth $669,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Toro by 0.7% during the first quarter. Vanguard Group Inc. now owns 10,565,128 shares of the company’s stock worth $968,083,000 after buying an additional 73,719 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Toro by 25.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,653,109 shares of the company’s stock worth $609,626,000 after acquiring an additional 1,332,248 shares during the period. Mairs & Power Inc. lifted its stake in shares of Toro by 0.6% in the 4th quarter. Mairs & Power Inc. now owns 3,225,547 shares of the company’s stock worth $309,620,000 after acquiring an additional 18,899 shares during the period. Champlain Investment Partners LLC boosted its holdings in shares of Toro by 11.5% in the first quarter. Champlain Investment Partners LLC now owns 2,725,651 shares of the company’s stock valued at $249,751,000 after acquiring an additional 280,855 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Toro by 73.8% during the fourth quarter. Wellington Management Group LLP now owns 1,845,724 shares of the company’s stock worth $177,171,000 after acquiring an additional 783,794 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird raised their price objective on shares of Toro from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Toro has an average rating of “Hold” and a consensus target price of $99.25.

Insiders Place Their Bets

In other news, CEO Richard M. Olson sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $95.19, for a total value of $1,903,800.00. Following the completion of the transaction, the chief executive officer now owns 17,913 shares of the company’s stock, valued at $1,705,138.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.62% of the stock is owned by corporate insiders.

Toro Trading Up 0.7 %

Shares of TTC opened at $92.60 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.93 and a quick ratio of 0.87. The Toro Company has a 1-year low of $77.15 and a 1-year high of $104.23. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 36.60 and a beta of 0.69. The firm has a 50 day simple moving average of $92.02 and a 200-day simple moving average of $90.16.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, June 6th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. Toro had a return on equity of 25.04% and a net margin of 6.00%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the business posted $1.58 earnings per share. Toro’s revenue was up .7% compared to the same quarter last year. Equities analysts forecast that The Toro Company will post 4.32 EPS for the current fiscal year.

Toro Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.