World Asset Management Inc increased its stake in Toro Company (The) (NYSE:TTC) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 7,809 shares of the company’s stock after buying an additional 214 shares during the period. World Asset Management Inc’s holdings in Toro Company (The) were worth $541,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Toro Company (The) by 8.0% in the first quarter. Vanguard Group Inc. now owns 9,687,572 shares of the company’s stock valued at $605,086,000 after buying an additional 718,121 shares during the period. BlackRock Inc. increased its stake in shares of Toro Company (The) by 9,353.5% in the first quarter. BlackRock Inc. now owns 8,765,260 shares of the company’s stock valued at $547,480,000 after buying an additional 8,672,540 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Toro Company (The) by 6.4% in the first quarter. JPMorgan Chase & Co. now owns 4,664,168 shares of the company’s stock valued at $291,324,000 after buying an additional 279,198 shares during the period. State Street Corp increased its stake in shares of Toro Company (The) by 2.4% in the first quarter. State Street Corp now owns 2,864,010 shares of the company’s stock valued at $178,886,000 after buying an additional 67,410 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Toro Company (The) by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 1,814,392 shares of the company’s stock valued at $113,327,000 after buying an additional 44,048 shares during the period. Institutional investors and hedge funds own 76.01% of the company’s stock.

Shares of Toro Company (TTC) opened at 73.47 on Thursday. The company has a market cap of $7.93 billion, a P/E ratio of 32.68 and a beta of 0.56. Toro Company has a one year low of $44.90 and a one year high of $73.86. The company’s 50-day moving average price is $71.00 and its 200 day moving average price is $65.36.

Toro Company (The) (NYSE:TTC) last announced its quarterly earnings data on Thursday, May 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.05. The business had revenue of $872.77 million during the quarter, compared to analysts’ expectations of $863.17 million. Toro Company (The) had a return on equity of 44.74% and a net margin of 10.23%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 earnings per share. On average, equities research analysts anticipate that Toro Company will post $2.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 23rd were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Wednesday, June 21st. Toro Company (The)’s payout ratio is 30.97%.

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Several equities research analysts recently issued reports on TTC shares. Longbow Research upgraded Toro Company (The) from an “underperform” rating to a “neutral” rating in a report on Monday, May 22nd. Zacks Investment Research downgraded Toro Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded Toro Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $62.75.

In other Toro Company (The) news, VP Thomas J. Larson sold 6,600 shares of Toro Company (The) stock in a transaction on Friday, June 30th. The stock was sold at an average price of $69.04, for a total value of $455,664.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kurt D. Svendsen sold 6,340 shares of Toro Company (The) stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $69.08, for a total value of $437,967.20. The disclosure for this sale can be found here. In the last three months, insiders sold 72,872 shares of company stock valued at $5,119,937. Corporate insiders own 5.69% of the company’s stock.

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.

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

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