Cubist Systematic Strategies LLC Boosts Holdings in Toro Company (The) $TTC

Key Points

• Cubist Systematic Strategies LLC increased its stake in Toro Company by 30.2% in the first quarter, owning approximately 129,018 shares valued at $9,386,000.
• Toro Company reported $1.42 earnings per share (EPS), exceeding estimates by $0.02, but experienced a 2.3% revenue decline year-over-year.
• Institutional investors hold 87.95% of Toro Company's stock, reflecting strong confidence in the company's performance.

Cubist Systematic Strategies LLC lifted its stake in Toro Company (The) (NYSE:TTC - Free Report) by 30.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,018 shares of the company's stock after buying an additional 29,940 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.13% of Toro worth $9,386,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased 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 buying 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 in the last quarter. Baird Financial Group Inc. raised its position in Toro by 5.3% during 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 during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Toro by 9.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company's stock valued at $209,000 after purchasing an additional 240 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in Toro by 94.1% in the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after acquiring an additional 240 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

Insider Activity

In other Toro news, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total value of $356,740.78. Following the completion of the sale, the director owned 34,062 shares in the company, valued at $2,411,930.22. The trade was a 12.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $70.99, for a total value of $425,940.00. Following the sale, the vice president owned 11,646 shares of the company's stock, valued at $826,749.54. The trade was a 34.00% decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

Toro Stock Performance

Shares of TTC opened at $81.02 on Tuesday. The company has a market capitalization of $8.00 billion, a PE ratio of 20.77 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 Company has a 52-week low of $62.34 and a 52-week high of $93.00. The company has a 50-day simple moving average of $75.27 and a 200-day simple moving average of $73.56.

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

Analyst Upgrades and Downgrades

TTC has been the subject of a number of research reports. Raymond James Financial dropped their target price on shares of Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, June 6th. Robert W. Baird upped their target price on shares of Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. DA Davidson raised shares of Toro from a "neutral" rating to a "buy" rating and raised their price objective for the company from $76.00 to $93.00 in a research note on Monday, August 25th. Longbow Research raised shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research note on Monday, August 25th. Finally, Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Toro presently has an average rating of "Moderate Buy" and a consensus price target of $89.60.

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.

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