Today, Smithfield Trust Co. Boosts Position in Toro Co. (TTC)

Today, Smithfield Trust Co. Boosts Position in Toro Co. (TTC)
Smithfield Trust Co. boosted its position in shares of Toro Co. (NYSE:TTC) by 89.0% during the third quarter, Holdings Channel reports. The firm owned 4,650 shares of the company’s stock after buying an additional 2,190 shares during the period. Smithfield Trust Co.’s holdings in Toro were worth $218,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Cim LLC increased its stake in shares of Toro by 1.8% in the second quarter. Cim LLC now owns 7,715 shares of the company’s stock valued at $680,000 after buying an additional 140 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Toro by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 37,840 shares of the company’s stock valued at $3,337,000 after buying an additional 200 shares during the last quarter. Cape Cod Five Cents Savings Bank increased its stake in shares of Toro by 0.7% in the second quarter. Cape Cod Five Cents Savings Bank now owns 49,218 shares of the company’s stock valued at $4,341,000 after buying an additional 366 shares during the last quarter. Denali Advisors LLC increased its stake in shares of Toro by 37.6% in the second quarter. Denali Advisors LLC now owns 54,500 shares of the company’s stock valued at $4,807,000 after buying an additional 14,900 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Toro by 2.3% in the second quarter. Creative Planning now owns 1,492 shares of the company’s stock valued at $132,000 after buying an additional 33 shares during the last quarter. 55.84% of the stock is owned by hedge funds and other institutional investors.

Shares of Toro Co. (NYSE:TTC) traded up 0.53% on Friday, reaching $53.50. The company had a trading volume of 282,381 shares. The firm has a market capitalization of $5.85 billion, a PE ratio of 26.80 and a beta of 0.43. The company has a 50-day moving average price of $48.54 and a 200-day moving average price of $46.40. Toro Co. has a 52-week low of $32.35 and a 52-week high of $54.15.

TTC has been the subject of several analyst reports. Zacks Investment Research downgraded Toro from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd. Dougherty & Co initiated coverage on Toro in a research report on Friday, November 4th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $45.67.

In related news, VP William E. Brown, Jr. sold 6,000 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $98.34, for a total transaction of $590,040.00. Following the completion of the sale, the vice president now directly owns 93,469 shares in the company, valued at $9,191,741.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.94% of the company’s stock.

About Toro

The Toro Company designs, manufactures and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The Company operates through three segments: Professional, Residential and Distribution.

Related posts

Leave a Comment