Amundi Lowers Stock Holdings in Toro Company (The) $TTC

Key Points

• Amundi has reduced its stake in Toro Company by 16.4%, selling 184,123 shares, and now holds 0.94% of the company worth approximately $68.1 million.
• Multiple institutional investors, including the Canada Pension Plan Investment Board, significantly increased their holdings in Toro, with the latter boosting its position by 1,383.3%.
• Analysts have set varying price targets for Toro, with a consensus average target of $90.60 and mixed ratings ranging from "buy" to "hold."

Amundi decreased its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 936,993 shares of the company's stock after selling 184,123 shares during the period. Amundi owned about 0.94% of Toro worth $68,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. True Wealth Design LLC grew its stake in shares of Toro by 127.2% in the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after acquiring an additional 206 shares in the last quarter. Brooklyn Investment Group grew 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 in the last quarter. Financial Harvest LLC acquired a new position in shares of Toro in the first quarter worth $42,000. Allworth Financial LP grew its stake in shares of Toro by 91.6% in the first quarter. Allworth Financial LP now owns 663 shares of the company's stock worth $46,000 after acquiring an additional 317 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Toro by 81.2% in the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock worth $63,000 after acquiring an additional 389 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Stock Performance

NYSE TTC traded down $0.57 during trading hours on Friday, hitting $79.35. The company had a trading volume of 717,520 shares, compared to its average volume of 853,569. The business has a 50 day moving average of $76.69 and a 200-day moving average of $73.61. Toro Company has a 1-year low of $62.34 and a 1-year high of $89.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 1.88. The company has a market cap of $7.77 billion, a PE ratio of 24.05 and a beta of 0.80.

Toro (NYSE:TTC - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.02. Toro had a net margin of 7.37% and a return on equity of 28.98%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the company earned $1.18 earnings per share. The business's revenue was down 2.2% compared to the same quarter last year. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. As a group, equities research analysts expect that Toro Company will post 4.41 EPS for the current year.

Insider Transactions at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of the 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 completion of the transaction, the vice president directly owned 11,646 shares of the company's stock, valued at $826,749.54. This represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Longbow Research upgraded shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Monday, August 25th. DA Davidson boosted their target price on shares of Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Northland Capmk downgraded shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Robert W. Baird boosted their target price on shares of Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Friday, September 5th. Finally, Northland Securities boosted their target price on shares of Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a research note on Tuesday. Three equities 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.com, Toro has an average rating of "Moderate Buy" and an average target price of $92.60.

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.