Baird Financial Group Inc. Acquires 171,828 Shares of Toro Company (The) $TTC

Key Points

• Baird Financial Group increased its Toro position by 4,227% in the second quarter, purchasing 171,828 additional shares for a total holding valued at approximately $17.1 million. Institutional investors collectively own 87.95% of the company.
• Analysts maintain a generally cautious outlook, with one Buy rating and four Holds. Toro has an average price target of $107.50, while recent targets were lowered by DA Davidson and Robert W. Baird.
• Toro exceeded quarterly expectations with earnings of $1.33 per share versus the $1.31 consensus and revenue of $1.23 billion, up 8.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $4.60–$4.65.

Baird Financial Group Inc. boosted its position in Toro Company (The) (NYSE:TTC - Free Report) by 4,227.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,893 shares of the company's stock after buying an additional 171,828 shares during the period. Baird Financial Group Inc. owned approximately 0.19% of Toro worth $17,135,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Pinnacle Bancorp Inc. bought a new position in shares of Toro during the 1st quarter worth approximately $39,000. Danske Bank A S purchased a new stake in shares of Toro during the 3rd quarter valued at approximately $46,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Toro by 237.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company's stock valued at $75,000 after buying an additional 541 shares during the period. Root Financial Partners LLC raised its holdings in shares of Toro by 277.8% in the 1st quarter. Root Financial Partners LLC now owns 971 shares of the company's stock valued at $91,000 after acquiring an additional 714 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Toro in the third quarter valued at $119,000. 87.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Toro Stock Up 0.0%

Toro stock opened at $92.75 on Friday. Toro Company has a twelve month low of $67.64 and a twelve month high of $105.18. The business has a fifty day moving average of $95.86 and a two-hundred day moving average of $94.75. 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 quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

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

Insiders Place Their Bets

In related news, COO Edric Funk sold 856 shares of the firm's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $97.97, for a total value of $83,862.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Kurt D. Svendsen sold 6,600 shares of the company's stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total transaction of $614,394.00. Following the sale, the vice president directly owned 12,166 shares of the company's stock, valued at $1,132,532.94. The trade was a 35.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,128 shares of company stock valued at $763,569 over the last 90 days. 1.88% of the stock is currently owned by company 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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