Intech Investment Management LLC Reduces Holdings in Toro Company (The) $TTC

Key Points

• Intech Investment Management LLC has reduced its holdings in Toro Company by 41.2%, selling 92,583 shares to own 132,324 shares valued at approximately $9.63 million.
• Multiple institutional investors have altered their positions in Toro, with AQR Capital Management LLC increasing its stake by an impressive 1,184.6% during the first quarter.
• Research analysts have mixed ratings on Toro stock, with three rating it as a Buy and three as a Hold, alongside an average price target of $92.60.

Intech Investment Management LLC lowered its position in shares of Toro Company (The) (NYSE:TTC - Free Report) by 41.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 132,324 shares of the company's stock after selling 92,583 shares during the period. Intech Investment Management LLC owned about 0.13% of Toro worth $9,627,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in Toro by 1,184.6% during the 1st quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company's stock worth $142,827,000 after buying an additional 1,810,429 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Toro by 16.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company's stock worth $595,649,000 after acquiring an additional 1,156,314 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of Toro by 133.3% during the first quarter. Boston Trust Walden Corp now owns 779,419 shares of the company's stock worth $56,703,000 after acquiring an additional 445,287 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Toro by 39.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company's stock valued at $111,654,000 after acquiring an additional 434,257 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Toro by 172.9% in the 4th quarter. Ameriprise Financial Inc. now owns 368,368 shares of the company's stock valued at $29,508,000 after purchasing an additional 233,397 shares during the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TTC shares. Northland Capmk downgraded shares of Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Raymond James Financial lowered their price target on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. Northland Securities boosted their price target on Toro from $80.00 to $90.00 and gave the company a "market perform" rating in a research report on Tuesday. 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 note on Monday, August 25th. Finally, Robert W. Baird lifted their target price on Toro from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Toro currently has an average rating of "Moderate Buy" and an average target price of $92.60.

Insiders Place Their Bets

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the 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 completion of the transaction, the vice president owned 11,646 shares in the company, valued at approximately $826,749.54. This represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.

Toro Trading Down 0.2%

NYSE TTC opened at $78.58 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.88 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $7.69 billion, a P/E ratio of 23.81 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 firm has a 50-day moving average price of $76.49 and a 200 day moving average price of $73.62.

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

Toro 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.

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