Gamco Investors INC. ET AL Buys 27,120 Shares of Toro Company (The) $TTC

Key Points

• Gamco Investors INC. ET AL increased its stake in Toro Company by 46.0%, acquiring an additional 27,120 shares and now owns approximately 0.09% of the company valued at $6,258,000.
• Several hedge funds, including True Wealth Design LLC and Brooklyn Investment Group, have significantly boosted their holdings in Toro, indicating growing institutional interest in the company.
• Toro reported an EPS of $1.42 for the last quarter, surpassing estimates, but experienced a 2.3% decline in revenue year-over-year.

Gamco Investors INC. ET AL increased its stake in shares of Toro Company (The) (NYSE:TTC - Free Report) by 46.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,020 shares of the company's stock after acquiring an additional 27,120 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.09% of Toro worth $6,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Toro

In related news, Director Gary Lee Ellis sold 5,038 shares of Toro 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 approximately $2,411,930.22. This trade represents a 12.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kurt D. Svendsen sold 6,000 shares of the business'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 completion of the transaction, the vice president directly owned 11,646 shares of the company's stock, valued at approximately $826,749.54. This trade represents 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 Price Performance

Shares of NYSE TTC opened at $82.75 on Thursday. Toro Company has a twelve month low of $62.34 and a twelve month high of $93.00. The firm has a market cap of $8.17 billion, a P/E ratio of 21.22 and a beta of 0.80. The company has a 50 day moving average of $74.57 and a 200 day moving average of $73.62. 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 (NYSE:TTC - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.40 by $0.02. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. Toro had a return on equity of 27.99% and a net margin of 8.77%.The company's revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.40 EPS. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. As a group, research analysts expect that Toro Company will post 4.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DA Davidson raised shares of Toro from a "neutral" rating to a "buy" rating and lifted their price target for the company from $76.00 to $93.00 in a research report on Monday. Robert W. Baird lifted their target price on shares of Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Longbow Research raised 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. Finally, Raymond James Financial lowered their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Toro presently has a consensus rating of "Moderate Buy" and an average price target of $89.60.

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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