Toro Company (The) $TTC Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC significantly increased its stake in Toro Company, boosting ownership by 1,184.6% to $142.83 million, holding nearly 1.97% of the company's shares as of its latest SEC filing.
• Several large investors, including Captrust Financial Advisors and Allspring Global Investments Holdings LLC, have also increased their positions in Toro, reflecting strong institutional interest in the company.
• Wall Street analysts have a moderate buy consensus rating for Toro, with target prices ranging from $76.00 to $100.00, indicating expected growth for the company's stock.

AQR Capital Management LLC lifted its stake in Toro Company (The) (NYSE:TTC - Free Report) by 1,184.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,963,253 shares of the company's stock after buying an additional 1,810,429 shares during the quarter. AQR Capital Management LLC owned approximately 1.97% of Toro worth $142,827,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in 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 purchasing an additional 13,373 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Toro by 7.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 535,787 shares of the company's stock valued at $38,882,000 after purchasing an additional 37,405 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Toro by 11.2% in the first quarter. M&T Bank Corp now owns 10,915 shares of the company's stock valued at $794,000 after purchasing an additional 1,098 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Toro by 87.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 45,449 shares of the company's stock valued at $3,306,000 after purchasing an additional 21,214 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Toro by 1.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock worth $1,033,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TTC shares. DA Davidson raised their price target on Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Longbow Research upgraded Toro from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research report on Monday, August 25th. Raymond James Financial dropped their price target on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. Finally, Robert W. Baird boosted their target price on Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.60.

Toro Price Performance

TTC stock traded down $0.22 on Monday, reaching $81.42. The company had a trading volume of 720,469 shares, compared to its average volume of 964,097. 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's fifty day moving average is $76.10 and its 200 day moving average is $73.54. The company has a market cap of $7.97 billion, a P/E ratio of 24.67 and a beta of 0.80.

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

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 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. The trade was a 34.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Lee Ellis sold 5,038 shares of the business's stock in a transaction 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 of the company's stock, valued at $2,411,930.22. This trade represents a 12.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.39% of the company's stock.

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.