Farther Finance Advisors LLC Grows Stock Holdings in The Toro Company (NYSE:TTC)

Farther Finance Advisors LLC grew its holdings in shares of The Toro Company (NYSE:TTC) by 2,990.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,141 shares of the company’s stock after purchasing an additional 4,007 shares during the period. Farther Finance Advisors LLC’s holdings in Toro were worth $378,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Fifth Third Bancorp grew its stake in Toro by 19.5% during the first quarter. Fifth Third Bancorp now owns 742 shares of the company’s stock worth $68,000 after buying an additional 121 shares during the period. Nisa Investment Advisors LLC grew its stake in Toro by 0.3% during the second quarter. Nisa Investment Advisors LLC now owns 46,925 shares of the company’s stock worth $4,405,000 after buying an additional 123 shares during the period. Natixis Advisors L.P. grew its stake in Toro by 0.5% during the fourth quarter. Natixis Advisors L.P. now owns 25,092 shares of the company’s stock worth $2,408,000 after buying an additional 137 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Toro by 3.5% in the first quarter. Assenagon Asset Management S.A. now owns 4,270 shares of the company’s stock valued at $391,000 after purchasing an additional 146 shares during the period. Finally, Spire Wealth Management boosted its stake in shares of Toro by 3.8% in the fourth quarter. Spire Wealth Management now owns 4,749 shares of the company’s stock valued at $441,000 after purchasing an additional 176 shares during the period. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their target price on shares of Toro from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $99.25.

Insiders Place Their Bets

In other Toro news, CEO Richard M. Olson sold 20,000 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $95.19, for a total transaction of $1,903,800.00. Following the sale, the chief executive officer now directly owns 17,913 shares of the company’s stock, valued at $1,705,138.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.62% of the stock is owned by corporate insiders.

Toro Trading Down 0.7 %

NYSE TTC opened at $91.00 on Thursday. The Toro Company has a 12 month low of $77.15 and a 12 month high of $103.12. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.93 and a quick ratio of 0.87. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 35.97 and a beta of 0.69. The company’s fifty day moving average price is $91.99 and its two-hundred day moving average price is $90.12.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, June 6th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Toro had a net margin of 6.00% and a return on equity of 25.04%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 EPS. As a group, research analysts predict that The Toro Company will post 4.32 earnings per share for the current fiscal year.

Toro Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.