Toro Company (The) (TTC) Position Cut by Cigna Investments Inc. New

Cigna Investments Inc. New lowered its position in shares of Toro Company (The) (NYSE:TTC) by 17.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,277 shares of the company’s stock after selling 4,781 shares during the period. Cigna Investments Inc. New’s holdings in Toro Company (The) were worth $1,547,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pioneer Investment Management Inc. increased its stake in shares of Toro Company (The) 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 buying an additional 19,167 shares during the period. Advisor Partners LLC bought a new stake in shares of Toro Company (The) during the second quarter valued at about $212,000. IFP Advisors Inc increased its stake in shares of Toro Company (The) 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 buying an additional 1,148 shares during the period. Lowe Brockenbrough & Co. Inc. increased its stake in shares of Toro Company (The) by 0.5% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 12,075 shares of the company’s stock valued at $837,000 after buying an additional 65 shares during the period. Finally, World Asset Management Inc increased its stake in shares of Toro Company (The) 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 buying an additional 214 shares during the period. Hedge funds and other institutional investors own 76.52% of the company’s stock.

Shares of Toro Company (NYSE TTC) traded up 1.83% during trading on Friday, hitting $70.12. The company had a trading volume of 1,258,687 shares. The stock has a market cap of $7.57 billion, a PE ratio of 31.19 and a beta of 0.56. The firm has a 50 day moving average of $71.24 and a 200 day moving average of $65.94. Toro Company has a 12-month low of $46.09 and a 12-month high of $73.86.

Toro Company (The) (NYSE:TTC) last posted its quarterly earnings results on Thursday, May 25th. The company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.05. The company had revenue of $872.77 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.89 EPS. On average, analysts forecast that Toro Company will post $2.37 earnings per share for the current fiscal year.

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TTC has been the topic of several recent analyst reports. Longbow Research raised Toro Company (The) from an “underperform” rating to a “neutral” rating in a research note on Monday, May 22nd. BidaskClub downgraded Toro Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research raised Toro Company (The) from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Thursday, July 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $62.75.

In other Toro Company (The) news, VP William E. Brown, Jr. sold 19,332 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $70.88, for a total transaction of $1,370,252.16. Following the completion of the transaction, the vice president now owns 189,790 shares in the company, valued at approximately $13,452,315.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas J. Larson sold 6,600 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $69.04, for a total value of $455,664.00. The disclosure for this sale can be found here. In the last three months, insiders sold 72,872 shares of company stock worth $5,119,937. 5.69% of the stock is currently owned by company insiders.

Toro Company (The) Company Profile

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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