Azimuth Capital Investment Management LLC Has $997,000 Stock Holdings in Toro Company (The) $TTC

Key Points

• Azimuth Capital Investment Management LLC reduced its stake in Toro Company (NYSE:TTC) by 27.4% during the first quarter, now holding shares worth approximately $997,000.
• Recent trades show that insiders, including Director Gary Lee Ellis and VP Kurt D. Svendsen, have sold shares, reflecting a decrease in their ownership of 12.88% and 34.00%, respectively.
• Toro Company reported a net revenue decline of 2.3% year-over-year in its latest earnings report and beat analysts' EPS expectations, with a forecasted EPS of 4.41 for the current fiscal year.

Azimuth Capital Investment Management LLC lessened its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 27.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,710 shares of the company's stock after selling 5,170 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in Toro were worth $997,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Toro by 1.6% in the first quarter. Vanguard Group Inc. now owns 10,495,037 shares of the company's stock valued at $763,514,000 after buying an additional 169,865 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Toro by 45.5% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company's stock worth $563,207,000 after acquiring an additional 2,199,920 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Toro by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock worth $88,152,000 after acquiring an additional 164,069 shares in the last quarter. Northern Trust Corp raised its position in Toro by 36.9% in the fourth quarter. Northern Trust Corp now owns 1,081,782 shares of the company's stock worth $86,651,000 after acquiring an additional 291,593 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in Toro by 3.2% in the 1st quarter. King Luther Capital Management Corp now owns 1,077,753 shares of the company's stock worth $78,407,000 after purchasing an additional 33,920 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TTC shares. DA Davidson set a $76.00 target price on Toro and gave the company a "neutral" rating in a research note on Monday, June 9th. 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. Northland Capmk lowered Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Robert W. Baird boosted their target price on Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Finally, Raymond James Financial cut their price target on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, June 6th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $82.75.

Toro Price Performance

NYSE:TTC traded up $1.3050 during trading hours on Tuesday, reaching $78.0050. The company had a trading volume of 538,123 shares, compared to its average volume of 962,483. The stock has a 50-day moving average of $73.19 and a two-hundred day moving average of $73.59. Toro Company has a one year low of $62.34 and a one year high of $93.00. The firm has a market capitalization of $7.70 billion, a PE ratio of 20.00 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 (NYSE:TTC - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.35 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The business's revenue was down 2.3% compared to the same quarter last year. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. Analysts forecast that Toro Company will post 4.41 earnings per share for the current year.

Insider Buying and Selling at Toro

In other news, VP Kurt D. Svendsen sold 6,000 shares of the company'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 transaction, the vice president 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary Lee Ellis sold 5,038 shares of the stock in a transaction dated 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 directly owned 34,062 shares in the company, valued at $2,411,930.22. The trade was a 12.88% decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

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.