Azimuth Capital Investment Management LLC Sells 5,170 Shares of 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 shares of Toro Company (The) (NYSE:TTC - Free Report) by 27.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in Toro by 127.2% during the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after purchasing an additional 206 shares during the period. Financial Harvest LLC purchased a new position in Toro during the 1st quarter valued at approximately $42,000. Allworth Financial LP grew its holdings in Toro by 91.6% during the 1st quarter. Allworth Financial LP now owns 663 shares of the company's stock valued at $46,000 after buying an additional 317 shares in the last quarter. Versant Capital Management Inc grew its holdings in Toro by 81.2% during the 1st quarter. Versant Capital Management Inc now owns 868 shares of the company's stock valued at $63,000 after buying an additional 389 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in Toro during the 1st quarter valued at approximately $82,000. Institutional investors 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 price target on Toro and gave the company a "neutral" rating in a report on Monday, June 9th. 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. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Robert W. Baird raised their price target on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Finally, Northland Securities reiterated a "market perform" rating and issued a $80.00 target price (down previously from $100.00) on shares of Toro in a report on Friday, June 6th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $82.75.

Toro Trading Down 0.4%

Shares of Toro stock traded down $0.30 on Thursday, reaching $75.71. The company had a trading volume of 117,408 shares, compared to its average volume of 956,106. The firm's 50-day moving average price is $73.42 and its two-hundred day moving average price is $73.64. Toro Company has a 1 year low of $62.34 and a 1 year high of $93.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.81 and a quick ratio of 0.79. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 19.41 and a beta of 0.80.

Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.02. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. Toro had a return on equity of 27.99% and a net margin of 8.77%.Toro's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 EPS. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. As a group, research analysts predict that Toro Company will post 4.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toro news, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total transaction of $356,740.78. Following the completion of the sale, the director directly owned 34,062 shares of the company's stock, valued at $2,411,930.22. The trade was a 12.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 of the company's stock, valued at approximately $826,749.54. The trade was a 34.00% 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.

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.