Focus Partners Advisor Solutions LLC Makes New Investment in Toro Company (The) $TTC

Key Points

• Focus Partners Advisor Solutions LLC invested approximately $757,000 in Toro Company, purchasing 10,409 shares during the first quarter.
• Analysts have given Toro Company a consensus rating of "Moderate Buy", with an average target price of $89.60, despite some firms reducing their price estimates.
• Recent insider trading revealed significant stock sales, including VP Kurt D. Svendsen selling 6,000 shares and Director Gary Lee Ellis selling 5,038 shares, indicating a decrease in ownership positions.

Focus Partners Advisor Solutions LLC purchased a new stake in Toro Company (The) (NYSE:TTC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,409 shares of the company's stock, valued at approximately $757,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in Toro by 127.2% during the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after purchasing an additional 206 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Toro by 94.1% in the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company's stock valued at $36,000 after purchasing an additional 240 shares during the period. Financial Harvest LLC acquired a new position in Toro during the first quarter worth approximately $42,000. Allworth Financial LP raised its holdings in shares of Toro by 91.6% during the 1st quarter. Allworth Financial LP now owns 663 shares of the company's stock worth $46,000 after buying an additional 317 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Toro by 81.2% in the 1st quarter. Versant Capital Management Inc now owns 868 shares of the company's stock valued at $63,000 after buying an additional 389 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Stock Down 0.3%

Toro stock traded down $0.22 during trading on Monday, hitting $81.42. 720,469 shares of the company were exchanged, compared to its average volume of 963,001. The company has a current ratio of 1.88, a quick ratio of 0.79 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $7.97 billion, a P/E ratio of 24.67 and a beta of 0.80. Toro Company has a 52 week low of $62.34 and a 52 week high of $89.50. The business's 50 day moving average is $76.10 and its 200 day moving average is $73.54.

Toro (NYSE:TTC - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.02. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.16 billion. Toro had a return on equity of 28.98% and a net margin of 7.37%.The business's revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 earnings per share. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. Analysts predict that Toro Company will post 4.41 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on TTC shares. Longbow Research raised Toro from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research note on Monday, August 25th. Robert W. Baird increased their price objective on shares of Toro from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Friday. Northland Securities reiterated a "market perform" rating and set a $80.00 price target (down from $100.00) on shares of Toro in a research note on Friday, June 6th. Raymond James Financial cut their price objective on shares of Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Finally, DA Davidson increased their price objective on shares of Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a report on Friday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Toro currently has a consensus rating of "Moderate Buy" and an average price target of $90.60.

Insiders Place Their Bets

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

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.