Epoch Investment Partners Inc. Grows Holdings in Toro Company (The) $TTC

Key Points

• Epoch Investment Partners Inc. increased its holdings in Toro Company by 96.9% in Q1, owning a total of 8,260 shares worth $601,000 after additional purchases.
• Several institutional investors have also raised their positions in Toro, with hedge funds and other institutions collectively owning 87.95% of the company's stock.
• Toro's stock has received mixed ratings from analysts, with a current average rating of "Moderate Buy" and a price target of $89.60, while recent earnings showed a slight revenue decline year-over-year.

Epoch Investment Partners Inc. boosted its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 96.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,260 shares of the company's stock after purchasing an additional 4,065 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Toro were worth $601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors raised its position in Toro by 33.8% in the 4th quarter. Captrust Financial Advisors now owns 52,934 shares of the company's stock valued at $4,240,000 after purchasing an additional 13,373 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Toro by 7.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 535,787 shares of the company's stock valued at $38,882,000 after purchasing an additional 37,405 shares during the last quarter. M&T Bank Corp raised its position in Toro by 11.2% in the 1st quarter. M&T Bank Corp now owns 10,915 shares of the company's stock valued at $794,000 after purchasing an additional 1,098 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Toro by 87.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 45,449 shares of the company's stock valued at $3,306,000 after purchasing an additional 21,214 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Toro by 1.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock valued at $1,033,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Longbow Research upgraded shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Monday. Northland Securities restated a "market perform" rating and set a $80.00 price objective (down previously from $100.00) on shares of Toro in a research report on Friday, June 6th. Robert W. Baird upped their price objective on shares of Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Northland Capmk downgraded shares of Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, DA Davidson upgraded shares of Toro from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $76.00 to $93.00 in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Toro presently has an average rating of "Moderate Buy" and an average price target of $89.60.

Insiders Place Their Bets

In other news, VP Kurt D. Svendsen sold 6,000 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction 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. This represents a 34.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary Lee Ellis sold 5,038 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total transaction of $356,740.78. Following the completion of the sale, the director directly owned 34,062 shares in the company, valued at approximately $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. Corporate insiders own 0.39% of the company's stock.

Toro Stock Performance

NYSE:TTC opened at $82.75 on Thursday. 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 fifty-two week low of $62.34 and a fifty-two week high of $93.00. The stock has a market cap of $8.17 billion, a PE ratio of 21.22 and a beta of 0.80. The firm's fifty day simple moving average is $74.57 and its 200-day simple moving average is $73.62.

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

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.

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