Alps Advisors Inc. Invests $608,000 in Toro Co (TTC) Stock
Alps Advisors Inc. purchased a new position in Toro Co (NYSE:TTC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,321 shares of the company’s stock, valued at approximately $608,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in shares of Toro by 164.2% during the first quarter. Parallel Advisors LLC now owns 1,617 shares of the company’s stock valued at $101,000 after buying an additional 1,005 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Toro by 201.0% during the second quarter. Meeder Asset Management Inc. now owns 2,450 shares of the company’s stock valued at $148,000 after buying an additional 1,636 shares during the period. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Toro during the second quarter valued at approximately $175,000. Rockland Trust Co. purchased a new position in shares of Toro during the second quarter valued at approximately $208,000. Finally, Eagle Boston Investment Management Inc. purchased a new position in shares of Toro during the first quarter valued at approximately $225,000. Institutional investors own 75.28% of the company’s stock.
Shares of NYSE:TTC opened at $59.94 on Monday. Toro Co has a 1 year low of $56.60 and a 1 year high of $71.08. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 2.19 and a beta of 0.55. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.48.
In other news, VP Darren L. Redetzke sold 5,000 shares of Toro stock in a transaction that occurred on Thursday, June 28th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the vice president now owns 13,065 shares of the company’s stock, valued at $783,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet Katherine Cooper sold 3,536 shares of Toro stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $60.75, for a total transaction of $214,812.00. Following the sale, the director now directly owns 5,736 shares of the company’s stock, valued at approximately $348,462. The disclosure for this sale can be found here. Insiders have sold 22,084 shares of company stock valued at $1,328,960 in the last ninety days. Insiders own 5.32% of the company’s stock.
Several research analysts have issued reports on the company. ValuEngine upgraded Toro from a “sell” rating to a “hold” rating in a research report on Thursday, May 24th. Zacks Investment Research lowered Toro from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Dougherty & Co upgraded Toro from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Monday, June 11th. Finally, Cleveland Research lowered Toro from a “buy” rating to a “neutral” rating in a research report on Monday, May 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.67.
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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