Sept. 10 2018 10:53 AM

Several hedge funds, company insiders buy and sell shares.

Several hedge funds, institutional investors and company insiders have bought and sold shares of Bloomington, Minnesota-based The Toro Company’s stock during the second quarter of 2018, according to financial website Fairfield Current.

Raymond James Financial Services, St. Petersburg, Florida, increased its holdings by 113.4 percent in the second quarter, with the purchase of 22,099 shares of company stock. The purchase increased the investment company’s holdings to 41,581 shares valued at approximately $2.5 million as of its most recent Securities and Exchange Commission filing.

The website also reports several other hedge funds and institutional investors buying and selling shares of Toro stock. First Quadrant LP, Pasadena, California, now owns 551,243 shares of the company’s stock worth $33.2 million after purchasing an additional 156,134 shares during the quarter. AdvisorNet Financial Inc., Minneapolis, reportedly increased its holdings by 22.6 percent in the second quarter, putting its shares at 25,186 worth $1.5 million after buying an additional 4,638 shares during the period.

Kaizen Advisory LLC, Wheaton, Illinois, increased its shares in Toro 573.8 percent after purchasing an additional 15,011 shared in the second quarter for a total of 17,627 shares worth $1.06 million.

Adding to the list of investors are Alps Advisors Inc., which purchased a new stake in shares of Toro during the second quarter worth $608,000 with 76.33 percent owned by institutional investors. LeJeune Puetz Investment Counsel LLC, Traverse City, Michigan, also purchased a new stake in shares of Toro worth $175,000.

The site also reports earlier transactions from corporate members of Toro. Director Janet Katherine Cooper sold 3,536 shares of the firm’s stock June 19, for $214,812. Following the sale, the director now directly owns 5,736 shares of the company’s stock, valued at $348,462. Phil Burkart, vice president, lighting and irrigation division, reportedly sold 17,000 shares of the firm’s stock in Aug. 28 for $1.038 million. He now directly owns 168,962 shares in the company, valued at $10.3 million. The site reports that 31,762 shares of company stock worth $1.933 million were sold by corporate insiders over the last three months.

In its quarterly earnings released Aug. 23, Toro reported revenues of $655.80 million, which was higher than analysts’ predictions. Revenues went up 4.4 percent compared to the same quarter last year.