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This question is about Toro.
Who owns Toro?
Institutional Investors own Toro with a combined stake of 85.78% of the company. This interest is higher than most other companies in the Truck/Construction/Farm Machinery industry. The top ten shareholders include:
The Vanguard Group, Inc (9.65%)
BlackRock Fund Advisors (7.9%)
Select Equity Group LP (5.04%)
T. Rowe Price Associates Inc (4.33%)
Victory Capital Management, Inc (3.47%)
Kayne Anderson Rudnick Investment (3.28%)
Mairs Power, Inc (2.83%)
SSgA Funds Management Inc (2.74%)
Champlain Investment Partners LLC (2.64%)
JP Morgan Investment Management (2.44%)
Toro is an American company that designs, manufactures, and markets lawn mowers, snow blowers, and irrigation system supplies for commercial, residential, and agricultural use. The company was established in 1914 as the "Toro Motor Company" to build tractor engines for the Bull Tractor Company.
In 1948, Toro entered the push mower market, and they sold push mowers under this name for several years. In 1968, Toro acquired the Wheel Horse Products Division of American Motors Corporation. Lawn and garden tractors were then marketed under the Toro, Wheel Horse, and Toro Wheel Horse names.
Toro continued to grow their portfolio to include snow and ice management, underground utility construction, and outdoor lighting solutions. The company is headquartered in Bloomington, Minnesota, and includes the following brands:
Toro
Toro Ag
Boss Snowplow
Dingo
eXmark
Hayter
Irritrol Systems
Lawn-Boy
Lawn Genie
Pope Products
Unique Lighting
Ventrac
In 2020, the annual revenue reported for Toro was $3.4 billion. They have approximately 10,000 full-time employees.
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