Daiwa Securities Group Inc. Has $683,000 Stock Holdings in The Toro Company (NYSE:TTC)

Daiwa Securities Group Inc. raised its holdings in The Toro Company (NYSE:TTC) by 5.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,300 shares of the company’s stock after buying an additional 400 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Toro were worth $683,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in shares of Toro by 0.4% during the second quarter. Arizona State Retirement System now owns 28,680 shares of the company’s stock worth $2,682,000 after purchasing an additional 110 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Toro by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 46,925 shares of the company’s stock valued at $4,405,000 after acquiring an additional 123 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in 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 acquiring an additional 146 shares during the last quarter. Fifth Third Bancorp increased its position in Toro by 22.4% in the second quarter. Fifth Third Bancorp now owns 908 shares of the company’s stock worth $85,000 after purchasing an additional 166 shares during the period. Finally, UMB Bank n.a. raised its holdings in Toro by 1,204.8% during the 1st quarter. UMB Bank n.a. now owns 274 shares of the company’s stock worth $25,000 after purchasing an additional 253 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

Toro Trading Up 0.8 %

TTC opened at $83.65 on Monday. The firm’s fifty day moving average is $90.83 and its two-hundred day moving average is $89.58. The firm has a market cap of $8.58 billion, a PE ratio of 33.06 and a beta of 0.69. The Toro Company has a twelve month low of $77.15 and a twelve month high of $102.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, September 5th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). Toro had a return on equity of 25.94% and a net margin of 8.89%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that The Toro Company will post 4.16 EPS for the current year.

Analyst Upgrades and Downgrades

TTC has been the subject of several analyst reports. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Robert W. Baird dropped their target price on shares of Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. DA Davidson reduced their price target on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Finally, Northland Securities reiterated a “market perform” rating and issued a $100.00 price objective on shares of Toro in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Toro currently has an average rating of “Hold” and an average target price of $93.33.

Insider Activity at Toro

In other Toro news, CEO Richard M. Olson sold 20,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,705,138.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.62% of the stock is owned by insiders.

Toro Company 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.