Nationwide Fund Advisors reduced its position in Toro Company (The) (NYSE:TTC) by 16.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,976 shares of the company’s stock after selling 34,713 shares during the quarter. Nationwide Fund Advisors owned 0.17% of Toro worth $11,293,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in TTC. Janney Montgomery Scott LLC raised its holdings in shares of Toro by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 12,413 shares of the company’s stock valued at $860,000 after acquiring an additional 72 shares in the last quarter. World Asset Management Inc raised its holdings in shares of Toro by 2.8% in 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. IFP Advisors Inc raised its holdings in shares of Toro by 3.9% in the second quarter. IFP Advisors Inc now owns 30,722 shares of the company’s stock valued at $2,129,000 after acquiring an additional 1,148 shares in the last quarter. Advisor Partners LLC bought a new stake in shares of Toro in the second quarter valued at about $212,000. Finally, Pioneer Investment Management Inc. grew its stake in Toro by 33.3% in the second quarter. Pioneer Investment Management Inc. now owns 76,665 shares of the company’s stock valued at $5,312,000 after purchasing an additional 19,167 shares during the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.
In other news, Director Katherine J. Harless sold 6,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $61.88, for a total transaction of $371,280.00. Following the sale, the director now owns 77,672 shares in the company, valued at $4,806,343.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 56,000 shares of company stock worth $375,780 in the last 90 days. Insiders own 5.69% of the company’s stock.
Several equities analysts have issued reports on the company. BidaskClub lowered Toro from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Dougherty & Co lowered Toro from a “buy” rating to a “neutral” rating in a research note on Friday, August 25th. Finally, Seaport Global Securities lowered Toro from a “buy” rating to a “neutral” rating and set a $67.00 target price on the stock. in a research note on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $63.75.
Toro Company (TTC) traded up $0.77 on Tuesday, reaching $66.25. The company’s stock had a trading volume of 603,700 shares, compared to its average volume of 586,618. Toro Company has a 52 week low of $52.60 and a 52 week high of $73.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.74 and a quick ratio of 1.10. The stock has a market capitalization of $7,056.66, a price-to-earnings ratio of 27.63, a PEG ratio of 2.56 and a beta of 0.62.
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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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