Engineers Gate Manager LP Buys 32,003 Shares of Toro Company (The) $TTC

Engineers Gate Manager LP lifted its position in Toro Company (The) (NYSE:TTC - Free Report) by 73.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,330 shares of the company's stock after buying an additional 32,003 shares during the quarter. Engineers Gate Manager LP owned approximately 0.08% of Toro worth $7,339,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TTC. California State Teachers Retirement System increased its stake in Toro by 9,394.1% in the 2nd quarter. California State Teachers Retirement System now owns 10,923,412 shares of the company's stock worth $1,064,159,000 after acquiring an additional 10,808,357 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company's stock valued at $33,237,000 after acquiring an additional 124,373 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Toro by 4.4% during the fourth quarter. Van ECK Associates Corp now owns 258,444 shares of the company's stock worth $20,345,000 after purchasing an additional 10,835 shares in the last quarter. Corient Private Wealth LP increased its position in shares of Toro by 1,063.5% in the second quarter. Corient Private Wealth LP now owns 187,982 shares of the company's stock worth $18,314,000 after purchasing an additional 171,826 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Toro by 4,227.0% in the second quarter. Baird Financial Group Inc. now owns 175,893 shares of the company's stock worth $17,135,000 after purchasing an additional 171,828 shares during the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity

In related news, VP Kurt Svendsen sold 6,600 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president directly owned 12,166 shares in the company, valued at $1,132,532.94. This trade represents a 35.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Edric C. Funk sold 856 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $97.97, for a total value of $83,862.32. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 8,128 shares of company stock worth $763,569. Company insiders own 1.88% of the company's stock.

Toro Price Performance

TTC stock opened at $92.75 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. Toro Company has a 52 week low of $67.64 and a 52 week high of $105.18. The firm's fifty day moving average is $95.86 and its 200 day moving average is $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.

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

Toro Company Profile

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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