Campbell & CO Investment Adviser LLC Acquires New Holdings in Toro Company (The) $TTC

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new stake in Toro Company, purchasing 26,460 shares valued at approximately $1.93 million.
• Recent analyst reports have resulted in a mix of upgrades and downgrades for Toro, with a target price range between $76.00 and $93.00.
• Insider activity includes VP Kurt D. Svendsen selling 6,000 shares of Toro's stock, reflecting a 34% decrease in his ownership position.

Campbell & CO Investment Adviser LLC acquired a new position in Toro Company (The) (NYSE:TTC - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,460 shares of the company's stock, valued at approximately $1,925,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Toro by 1.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock worth $1,033,000 after purchasing an additional 173 shares during the period. True Wealth Design LLC boosted its stake in Toro by 127.2% in the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after purchasing an additional 206 shares during the period. Baird Financial Group Inc. lifted its position in Toro by 5.3% in the 4th quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock worth $352,000 after buying an additional 220 shares in the last quarter. IHT Wealth Management LLC lifted its position in Toro by 7.9% in the 4th quarter. IHT Wealth Management LLC now owns 3,287 shares of the company's stock worth $263,000 after buying an additional 240 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in Toro by 9.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company's stock worth $209,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Price Performance

TTC stock traded down $0.98 during trading on Friday, hitting $81.02. 1,130,950 shares of the stock traded hands, compared to its average volume of 952,881. Toro Company has a one year low of $62.34 and a one year high of $93.00. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 20.77 and a beta of 0.80. The company has a 50 day simple moving average of $74.82 and a 200 day simple moving average of $73.64. The company has a current ratio of 1.81, a quick ratio of 0.79 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 (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.02. Toro had a net margin of 8.77% and a return on equity of 27.99%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the firm posted $1.40 EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. Equities analysts expect that Toro Company will post 4.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Longbow Research upgraded shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research report on Monday. 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 research report on Friday, June 6th. Raymond James Financial cut their price target on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. DA Davidson upgraded shares of Toro from a "neutral" rating to a "buy" rating and raised their price target for the company from $76.00 to $93.00 in a report on Monday. Finally, Robert W. Baird raised their price target on shares of Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Toro presently has a consensus rating of "Moderate Buy" and an average price target of $89.60.

Insider Transactions at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gary Lee Ellis sold 5,038 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 34,062 shares of the company's stock, valued at approximately $2,411,930.22. This 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.

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.