Tiverton Asset Management LLC Has $341,000 Holdings in Toro Company (The) (TTC)

Tiverton Asset Management LLC lowered its stake in Toro Company (The) (NYSE:TTC) by 49.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,928 shares of the company’s stock after selling 4,892 shares during the quarter. Tiverton Asset Management LLC’s holdings in Toro Company (The) were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Dorsey Wright & Associates boosted its stake in Toro Company (The) by 304.5% in the 2nd quarter. Dorsey Wright & Associates now owns 29,862 shares of the company’s stock worth $2,069,000 after purchasing an additional 22,480 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Toro Company (The) by 13.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 340,944 shares of the company’s stock worth $23,624,000 after purchasing an additional 40,671 shares during the period. Teachers Advisors LLC boosted its stake in Toro Company (The) by 23.6% in the 2nd quarter. Teachers Advisors LLC now owns 477,977 shares of the company’s stock worth $33,119,000 after purchasing an additional 91,263 shares during the period. Riverhead Capital Management LLC boosted its stake in Toro Company (The) by 31.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 14,892 shares of the company’s stock worth $1,032,000 after purchasing an additional 3,592 shares during the period. Finally, Capital Fund Management S.A. boosted its stake in Toro Company (The) by 23.8% in the 2nd quarter. Capital Fund Management S.A. now owns 64,223 shares of the company’s stock worth $4,450,000 after purchasing an additional 12,365 shares during the period. Institutional investors and hedge funds own 74.76% of the company’s stock.

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In other news, VP Richard W. Rodier sold 7,000 shares of Toro Company (The) stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $70.73, for a total transaction of $495,110.00. Following the sale, the vice president now owns 33,395 shares of the company’s stock, valued at approximately $2,362,028.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP William E. Brown, Jr. sold 19,332 shares of Toro Company (The) stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $70.88, for a total transaction of $1,370,252.16. Following the sale, the vice president now directly owns 189,790 shares in the company, valued at approximately $13,452,315.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,472 shares of company stock worth $3,258,619. Corporate insiders own 5.69% of the company’s stock.

Toro Company (NYSE TTC) opened at 60.72 on Friday. Toro Company has a 52 week low of $46.09 and a 52 week high of $73.86. The company has a market cap of $6.54 billion, a P/E ratio of 25.64 and a beta of 0.60. The firm has a 50-day moving average price of $66.67 and a 200 day moving average price of $66.28.

Toro Company (The) (NYSE:TTC) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The firm had revenue of $627.90 million for the quarter, compared to analyst estimates of $628.08 million. Toro Company (The) had a net margin of 10.63% and a return on equity of 45.32%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 EPS. Analysts expect that Toro Company will post $2.39 EPS for the current fiscal year.

Several research analysts have commented on TTC shares. Longbow Research upgraded Toro Company (The) from an “underperform” rating to a “neutral” rating in a research note on Monday, May 22nd. Zacks Investment Research downgraded Toro Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded Toro Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Dougherty & Co downgraded Toro Company (The) from a “buy” rating to a “neutral” rating in a research note 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 target price for the company. in a research note on Friday, August 25th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Toro Company (The) currently has a consensus rating of “Hold” and an average target price of $63.75.

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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