Bank of New York Mellon Corp grew its stake in shares of Toro Company (The) (NYSE:TTC) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,698,237 shares of the company’s stock after acquiring an additional 11,953 shares during the quarter. Bank of New York Mellon Corp owned about 1.58% of Toro Company (The) worth $105,393,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TTC. Advisor Partners LLC bought a new position in shares of Toro Company (The) during the second quarter valued at $212,000. Tocqueville Asset Management L.P. bought a new position in shares of Toro Company (The) during the second quarter valued at $212,000. Advisory Services Network LLC increased its holdings in shares of Toro Company (The) by 17.4% during the second quarter. Advisory Services Network LLC now owns 3,556 shares of the company’s stock valued at $246,000 after acquiring an additional 527 shares in the last quarter. World Asset Management Inc increased its holdings in shares of Toro Company (The) by 2.8% during the second quarter. World Asset Management Inc now owns 7,809 shares of the company’s stock valued at $541,000 after acquiring an additional 214 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Toro Company (The) by 0.6% during the second quarter. Alps Advisors Inc. now owns 8,825 shares of the company’s stock valued at $611,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 75.09% of the company’s stock.

In related news, Director Katherine J. Harless sold 6,000 shares of Toro Company (The) stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $61.88, for a total value of $371,280.00. Following the completion of the sale, the director now directly owns 77,672 shares in the company, valued at approximately $4,806,343.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Blake M. Grams sold 8,200 shares of Toro Company (The) stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $60.93, for a total value of $499,626.00. Following the completion of the sale, the vice president now owns 8,200 shares of the company’s stock, valued at $499,626. The disclosure for this sale can be found here. Insiders sold a total of 64,200 shares of company stock valued at $875,406 over the last quarter. 5.69% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on the company. BidaskClub upgraded Toro Company (The) from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded Toro Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Dougherty & Co downgraded Toro Company (The) from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. Finally, Seaport Global Securities downgraded Toro Company (The) from a “buy” rating to a “neutral” rating and set a $67.00 price objective for the company. in a report on Friday, August 25th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $63.75.

Toro Company (NYSE:TTC) traded up $0.05 during midday trading on Friday, reaching $62.77. The company had a trading volume of 142,180 shares, compared to its average volume of 447,360. Toro Company has a 52 week low of $52.60 and a 52 week high of $73.86. The company has a market cap of $6,759.22, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.74 and a quick ratio of 1.10.

Toro Company (The) (NYSE:TTC) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. Toro Company (The) had a return on equity of 45.32% and a net margin of 10.63%. The company had revenue of $627.90 million during the quarter, compared to the consensus estimate of $628.08 million. During the same period last year, the company earned $1.00 EPS. Toro Company (The)’s revenue for the quarter was up 4.5% on a year-over-year basis. equities research analysts anticipate that Toro Company will post 2.39 EPS for the current year.

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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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