Dimensional Fund Advisors LP Raises Position in Toro Company (The) $TTC

Key Points

• Dimensional Fund Advisors LP increased its holdings in Toro Company by 39.5%, gaining an additional 434,257 shares, totaling approximately $111.65 million as of the latest SEC filing.
• Multiple large investors, including Vanguard Group and Boston Trust Walden, have also increased their positions in Toro Company, with institutional investors owning 87.95% of its stock.
• Toro recently reported earnings of $1.42 per share, slightly beating expectations, but had a revenue decline of 2.3% compared to the same quarter last year.

Dimensional Fund Advisors LP increased its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 39.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,534,760 shares of the company's stock after buying an additional 434,257 shares during the period. Dimensional Fund Advisors LP owned 1.54% of Toro worth $111,654,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Trust Walden Corp raised its position in Toro by 133.3% during the first quarter. Boston Trust Walden Corp now owns 779,419 shares of the company's stock valued at $56,703,000 after purchasing an additional 445,287 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Toro by 411.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 464,609 shares of the company's stock valued at $37,215,000 after purchasing an additional 373,736 shares in the last quarter. Northern Trust Corp raised its position in Toro by 36.9% during the fourth quarter. Northern Trust Corp now owns 1,081,782 shares of the company's stock valued at $86,651,000 after purchasing an additional 291,593 shares in the last quarter. Ameriprise Financial Inc. raised its position in Toro by 172.9% during the fourth quarter. Ameriprise Financial Inc. now owns 368,368 shares of the company's stock valued at $29,508,000 after purchasing an additional 233,397 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Toro by 5,161.4% during the fourth quarter. Lazard Asset Management LLC now owns 220,402 shares of the company's stock valued at $17,653,000 after purchasing an additional 216,213 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Trading Up 1.7%

Shares of NYSE:TTC traded up $1.40 on Wednesday, reaching $82.61. 270,042 shares of the company traded hands, compared to its average volume of 948,729. The business's 50-day simple moving average is $74.30 and its 200 day simple moving average is $73.56. Toro Company has a 52 week low of $62.34 and a 52 week high of $93.00. The stock has a market capitalization of $8.15 billion, a P/E ratio of 21.17 and a beta of 0.80. 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 posted its 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 company had revenue of $1.32 billion for 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 quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.40 earnings per share. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. As a group, equities analysts anticipate that Toro Company will post 4.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Northland Capmk downgraded Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Northland Securities restated a "market perform" rating and set a $80.00 price target (down previously from $100.00) on shares of Toro in a research 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 research report on Tuesday, June 3rd. Longbow Research upgraded Toro from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research report on Monday. Finally, Raymond James Financial reduced their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.60.

Insider Activity

In related news, VP Kurt D. Svendsen sold 6,000 shares of the firm'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 directly owned 11,646 shares of the company's stock, valued at $826,749.54. This trade represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Lee Ellis sold 5,038 shares of the firm's 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 directly owned 34,062 shares in the company, valued at $2,411,930.22. The trade was a 12.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

About Toro

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.