Amundi Has $68.11 Million Stake 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 shares of Toro Company (The) (NYSE:TTC - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 936,993 shares of the company's stock after selling 184,123 shares during the quarter. Amundi owned about 0.94% of Toro worth $68,107,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TTC. Mercer Global Advisors Inc. ADV boosted its stake in Toro by 263.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,911 shares of the company's stock valued at $874,000 after purchasing an additional 7,910 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Toro by 172.9% in the 4th quarter. Ameriprise Financial Inc. now owns 368,368 shares of the company's stock worth $29,508,000 after acquiring an additional 233,397 shares during the period. Baird Financial Group Inc. lifted its position in shares of Toro by 5.3% in the 4th quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock worth $352,000 after acquiring an additional 220 shares during the period. Captrust Financial Advisors lifted its position in shares of Toro by 33.8% in the 4th quarter. Captrust Financial Advisors now owns 52,934 shares of the company's stock worth $4,240,000 after acquiring an additional 13,373 shares during the period. Finally, Crestline Management LP bought a new stake in shares of Toro in the 4th quarter worth approximately $509,000. Institutional investors own 87.95% of the company's stock.

Insiders Place Their Bets

In related news, VP Kurt D. Svendsen sold 6,000 shares of the firm's stock in a transaction 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 $826,749.54. This trade represents a 34.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TTC has been the subject of a number of research reports. DA Davidson raised their price objective on Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Longbow Research upgraded Toro from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Monday, August 25th. Raymond James Financial reduced their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Northland Securities raised their price objective on Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a research report on Tuesday. Finally, Robert W. Baird raised their price objective on Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $92.60.

Toro Price Performance

Shares of Toro stock traded down $1.03 during midday trading on Friday, hitting $78.89. 91,245 shares of the company were exchanged, compared to its average volume of 955,267. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79. The firm has a market cap of $7.72 billion, a P/E ratio of 23.93 and a beta of 0.80. Toro Company has a 52 week low of $62.34 and a 52 week high of $89.50. The firm has a 50 day simple moving average of $76.60 and a 200-day simple moving average of $73.62.

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