AlphaQuest LLC Purchases 20,736 Shares of Toro Company (The) $TTC

Key Points

• AlphaQuest LLC significantly increased its stake in Toro Company by purchasing 20,736 shares, resulting in a total of 22,896 shares valued at approximately $1.67 million.
• According to Wall Street analysts, Toro has an average rating of "Hold" with a price target of $82.75, reflecting recent adjustments from firms like Raymond James and Northland Capital.
• Toro reported earnings of $1.42 per share, slightly surpassing estimates, although revenue for the quarter decreased by 2.3% year-over-year.

AlphaQuest LLC lifted its holdings in shares of Toro Company (The) (NYSE:TTC - Free Report) by 960.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,896 shares of the company's stock after purchasing an additional 20,736 shares during the period. AlphaQuest LLC's holdings in Toro were worth $1,666,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kaufman Rossin Wealth LLC bought a new position in Toro during the 1st quarter worth $298,000. Dorsey & Whitney Trust CO LLC increased its stake in shares of Toro by 4.5% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 155,434 shares of the company's stock valued at $11,308,000 after buying an additional 6,715 shares during the period. Capital Fund Management S.A. raised its position in shares of Toro by 350.3% during the first quarter. Capital Fund Management S.A. now owns 84,745 shares of the company's stock worth $6,165,000 after acquiring an additional 65,927 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Toro in the first quarter worth approximately $244,000. Finally, Brooklyn Investment Group lifted its stake in shares of Toro by 94.1% in the first quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after acquiring an additional 240 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TTC. Robert W. Baird raised their price target on shares of Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Northland Capmk downgraded shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Raymond James Financial cut their price target on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. Northland Securities reiterated a "market perform" rating and set a $80.00 price target (down from $100.00) on shares of Toro in a report on Friday, June 6th. Finally, Longbow Research raised Toro from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Monday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.60.

Insider Buying and Selling at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $70.99, for a total transaction of $425,940.00. Following the completion of the sale, the vice president directly owned 11,646 shares of the company's stock, valued at approximately $826,749.54. The trade was a 34.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary Lee Ellis sold 5,038 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total value of $356,740.78. Following the completion of the transaction, 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. Corporate insiders own 0.39% of the company's stock.

Toro Stock Up 1.9%

NYSE:TTC traded up $1.54 on Wednesday, hitting $82.75. The stock had a trading volume of 771,427 shares, compared to its average volume of 950,008. The business's fifty day moving average is $74.30 and its 200 day moving average is $73.56. The company has a market cap of $8.17 billion, a PE ratio of 21.22 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 52 week low of $62.34 and a 52 week high of $93.00.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company's quarterly revenue was down 2.3% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. On average, equities research analysts expect that Toro Company will post 4.41 EPS for the current fiscal year.

Toro Company 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.