Fox Run Management L.L.C. Makes New $1.41 Million Investment in Toro Company (The) $TTC

Key Points

• Fox Run Management L.L.C. acquired 19,315 shares of Toro Company worth approximately $1.4 million, marking a new position in the company.
• Institutional investors and hedge funds currently own 87.95% of Toro’s stock, indicating strong institutional interest.
• Toro announced a quarterly dividend of $0.38 per share with a yield of 2.0%, reinforcing its commitment to returning value to shareholders.

Fox Run Management L.L.C. acquired a new stake in Toro Company (The) (NYSE:TTC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,315 shares of the company's stock, valued at approximately $1,405,000.

Several other large investors also recently bought and sold shares of TTC. Kayne Anderson Rudnick Investment Management LLC grew its position in Toro by 45.5% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company's stock valued at $563,207,000 after acquiring an additional 2,199,920 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Toro in the fourth quarter valued at approximately $36,561,000. Boston Trust Walden Corp grew its position in Toro by 133.3% in the first quarter. Boston Trust Walden Corp now owns 779,419 shares of the company's stock valued at $56,703,000 after acquiring an additional 445,287 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Toro by 411.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 464,609 shares of the company's stock valued at $37,215,000 after buying an additional 373,736 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Toro by 36.9% during the 4th quarter. Northern Trust Corp now owns 1,081,782 shares of the company's stock valued at $86,651,000 after buying an additional 291,593 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Insiders Place Their Bets

In related news, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the sale, the vice president directly owned 11,646 shares in the company, valued at $826,749.54. The trade was a 34.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total transaction of $356,740.78. Following the sale, the director owned 34,062 shares in the company, valued at approximately $2,411,930.22. This represents a 12.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.39% of the company's stock.

Toro Stock Performance

TTC traded up $1.10 during trading hours on Tuesday, hitting $77.80. 199,812 shares of the stock were exchanged, compared to its average volume of 960,256. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.81 and a quick ratio of 0.79. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 19.96 and a beta of 0.80. Toro Company has a 12 month low of $62.34 and a 12 month high of $93.00. The stock has a 50-day simple moving average of $73.19 and a 200-day simple moving average of $73.59.

Toro (NYSE:TTC - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.02. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.35 billion. Toro had a return on equity of 27.99% and a net margin of 8.77%.The firm's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. Analysts anticipate that Toro Company will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. DA Davidson set a $76.00 target price on Toro and gave the company a "neutral" rating in a research note on Monday, June 9th. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Robert W. Baird increased their target price on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Raymond James Financial reduced their target price on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, June 6th. Finally, Northland Securities reiterated a "market perform" rating and set a $80.00 target price (down from $100.00) on shares of Toro in a research note on Friday, June 6th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Toro currently has a consensus rating of "Hold" and a consensus price target of $82.75.

Toro 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.