4,090 Shares in Toro Company (The) $TTC Bought by Kaufman Rossin Wealth LLC

Key Points

• Kaufman Rossin Wealth LLC has acquired a new stake in Toro Company, purchasing 4,090 shares valued at approximately $298,000.
• Several institutional investors significantly increased their holdings in Toro during the fourth quarter, with Canada Pension Plan Investment Board raising its stake by 125%.
• Wall Street analysts have mixed forecasts for Toro, with target price adjustments ranging from $76.00 to $90.00, leading to a consensus rating of "Hold" and an average target price of $82.75.

Kaufman Rossin Wealth LLC purchased a new stake in Toro Company (The) (NYSE:TTC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,090 shares of the company's stock, valued at approximately $298,000.

Several other institutional investors have also recently bought and sold shares of TTC. Canada Pension Plan Investment Board raised its holdings in shares of Toro by 125.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,800 shares of the company's stock valued at $144,000 after purchasing an additional 1,000 shares during the last quarter. First Trust Advisors LP increased its position in shares of Toro by 264.5% during the 4th quarter. First Trust Advisors LP now owns 211,849 shares of the company's stock worth $16,969,000 after purchasing an additional 153,730 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Toro by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock valued at $88,152,000 after buying an additional 164,069 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Toro by 5.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,100 shares of the company's stock valued at $649,000 after acquiring an additional 442 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Toro by 7.7% during the 4th quarter. MetLife Investment Management LLC now owns 57,845 shares of the company's stock worth $4,633,000 after purchasing an additional 4,149 shares during the last quarter. Institutional investors own 87.95% of the company's stock.

Insider Activity at Toro

In other news, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $70.99, for a total value of $425,940.00. Following the completion of the transaction, the vice president directly owned 11,646 shares in the company, valued at approximately $826,749.54. This represents a 34.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Lee Ellis sold 5,038 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total value of $356,740.78. Following the sale, the director owned 34,062 shares in the company, valued at $2,411,930.22. This represents a 12.88% decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Robert W. Baird boosted their target price on Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Northland Securities reaffirmed a "market perform" rating and issued a $80.00 target price (down previously from $100.00) on shares of Toro in a research report on Friday, June 6th. Raymond James Financial lowered their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. DA Davidson set a $76.00 price target on shares of Toro and gave the stock a "neutral" rating in a research report on Monday, June 9th. Finally, Northland Capmk downgraded shares of Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Toro currently has an average rating of "Hold" and a consensus target price of $82.75.

Toro Price Performance

Shares of TTC stock opened at $76.1050 on Thursday. The business has a fifty day simple moving average of $73.42 and a 200 day simple moving average of $73.64. The company has a market cap of $7.51 billion, a P/E ratio of 19.51 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.73. Toro Company has a twelve month low of $62.34 and a twelve month high of $93.00.

Toro (NYSE:TTC - Get Free Report) last released 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 firm 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 business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 earnings per share. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. On average, sell-side analysts forecast that Toro Company will post 4.41 EPS for the current fiscal year.

About Toro

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.

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