Dorsey & Whitney Trust CO LLC Increases Stock Holdings in Toro Company (The) $TTC

Key Points

• Dorsey & Whitney Trust CO LLC increased its holdings in Toro Company by purchasing an additional 6,715 shares, raising its total ownership to 155,434 shares, valued at approximately $11.3 million.
• Several hedge funds, including Vanguard Group and Dimensional Fund Advisors, also boosted their positions in Toro Company, with institutional investors collectively owning 87.95% of the stock.
• Toro's quarterly earnings beat estimates with $1.42 earnings per share and revenue of $1.32 billion, although it experienced a 2.3% decline in revenue compared to the previous year.

Dorsey & Whitney Trust CO LLC raised its stake in Toro Company (The) (NYSE:TTC - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,434 shares of the company's stock after buying an additional 6,715 shares during the quarter. Dorsey & Whitney Trust CO LLC owned approximately 0.16% of Toro worth $11,308,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Capital Fund Management S.A. lifted its stake in Toro by 350.3% during the 1st quarter. Capital Fund Management S.A. now owns 84,745 shares of the company's stock worth $6,165,000 after acquiring an additional 65,927 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Toro in the 1st quarter valued at about $244,000. Brooklyn Investment Group grew its stake in Toro by 94.1% during the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after buying an additional 240 shares during the last quarter. Versor Investments LP grew its stake in Toro by 3.1% during the 1st quarter. Versor Investments LP now owns 8,400 shares of the company's stock worth $611,000 after buying an additional 253 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in Toro by 8.8% during the 1st quarter. Raymond James Financial Inc. now owns 496,608 shares of the company's stock worth $36,128,000 after buying an additional 40,166 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Wall Street Analysts Forecast Growth

TTC has been the topic of several analyst reports. Robert W. Baird lifted their target price on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Raymond James Financial lowered their target price on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. DA Davidson set a $76.00 target price on Toro and gave the company a "neutral" rating in a research note on Monday, June 9th. Northland Capmk downgraded Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Northland Securities reissued a "market perform" rating and issued a $80.00 price target (down from $100.00) on shares of Toro in a report on Friday, June 6th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Toro has a consensus rating of "Hold" and an average target price of $82.75.

Toro Price Performance

TTC stock traded up $3.1370 during midday trading on Friday, hitting $79.1070. 468,925 shares of the stock were exchanged, compared to its average volume of 671,509. The stock's 50-day moving average price is $73.78 and its 200-day moving average price is $73.59. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 20.28 and a beta of 0.80. Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $93.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 1.81.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data 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 firm 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. Research analysts predict that Toro Company will post 4.41 earnings per share for the current year.

Insider Buying and Selling at Toro

In other Toro news, Director Gary Lee Ellis sold 5,038 shares of the firm's 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 transaction, the director owned 34,062 shares of the company's stock, valued at approximately $2,411,930.22. This trade represents a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kurt D. Svendsen sold 6,000 shares of the firm'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 transaction, the vice president directly 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. Company insiders own 0.39% of the company's stock.

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.