Amundi Trims Position in Toro Company (The) $TTC

Key Points

• Amundi reduced its Toro stake by 12.8% in the second quarter, selling 96,193 shares and retaining 652,573 shares valued at approximately $63.6 million. Institutional investors collectively own 87.95% of the company.
• Toro reported quarterly earnings of $1.33 per share, exceeding estimates by $0.02, while revenue rose 8.4% year over year to $1.23 billion. The company maintained fiscal 2026 EPS guidance of $4.60–$4.65.
• Analyst sentiment remains cautious, with one Buy rating and four Holds; Toro has an average rating of Hold and a consensus price target of $107.50, compared with a recent share price of $92.75.

Amundi decreased its holdings in shares of Toro Company (The) (NYSE:TTC - Free Report) by 12.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 652,573 shares of the company's stock after selling 96,193 shares during the quarter. Amundi owned about 0.69% of Toro worth $63,602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of Toro by 9,394.1% during the 2nd quarter. California State Teachers Retirement System now owns 10,923,412 shares of the company's stock valued at $1,064,159,000 after acquiring an additional 10,808,357 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company's stock worth $33,237,000 after acquiring an additional 124,373 shares during the period. Van ECK Associates Corp boosted its position in shares of Toro by 4.4% in the fourth quarter. Van ECK Associates Corp now owns 258,444 shares of the company's stock worth $20,345,000 after acquiring an additional 10,835 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Toro by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company's stock worth $9,889,000 after acquiring an additional 410 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in Toro by 22.0% in the second quarter. Benjamin Edwards Inc. now owns 74,419 shares of the company's stock valued at $7,250,000 after purchasing an additional 13,433 shares during the period. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Price Performance

TTC stock opened at $92.75 on Friday. The firm has a market cap of $8.78 billion, a P/E ratio of 24.80 and a beta of 0.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. Toro Company has a 1 year low of $67.64 and a 1 year high of $105.18. The stock has a 50-day simple moving average of $95.94 and a 200-day simple moving average of $94.76.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.02. Toro had a net margin of 7.64% and a return on equity of 31.86%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business earned $1.24 EPS. The business's revenue was up 8.4% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, equities analysts predict that Toro Company will post 4.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on TTC. DA Davidson lowered their price objective on shares of Toro from $117.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, September 4th. Wall Street Zen lowered Toro from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th. Robert W. Baird reduced their target price on Toro from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, June 5th. Finally, Weiss Ratings raised Toro from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $107.50.

Insiders Place Their Bets

In other Toro news, VP Kurt D. Svendsen sold 6,600 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the transaction, the vice president directly owned 12,166 shares in the company, valued at $1,132,532.94. This represents a 35.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Edric Funk sold 856 shares of the firm's stock in a transaction on Friday, June 26th. The stock was sold at an average price of $97.97, for a total transaction of $83,862.32. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,128 shares of company stock worth $763,569 over the last quarter. 1.88% of the stock is currently owned by insiders.

About Toro

The Toro Company NYSE: TTC is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro's product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.

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