Toro Company (The) $TTC Shares Sold by Intech Investment Management LLC

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 stake in Toro Company (The) (NYSE:TTC - Free Report) by 41.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,324 shares of the company's stock after selling 92,583 shares during the quarter. Intech Investment Management LLC owned approximately 0.13% of Toro worth $9,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTC. True Wealth Design LLC increased its holdings in shares of Toro by 127.2% in the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after buying an additional 206 shares during the period. Brooklyn Investment Group lifted its holdings in Toro by 94.1% in the first quarter. Brooklyn Investment Group now owns 495 shares of the company's stock valued at $36,000 after acquiring an additional 240 shares during the period. Financial Harvest LLC bought a new position in shares of Toro in the first quarter worth about $42,000. Allworth Financial LP grew its holdings in 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 boosted its holdings in Toro by 81.2% during the 1st quarter. Versant Capital Management Inc now owns 868 shares of the company's stock valued at $63,000 after acquiring an additional 389 shares during the period. 87.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TTC shares. Robert W. Baird upped their target price on Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Friday, September 5th. Raymond James Financial reduced their target price on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Longbow Research upgraded Toro from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Monday, August 25th. DA Davidson increased their price target on shares of Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Finally, Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $92.60.

Insider Activity at Toro

In other Toro 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 value of $425,940.00. Following the completion of the transaction, the vice president directly owned 11,646 shares in the company, valued at approximately $826,749.54. This represents a 34.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by insiders.

Toro Stock Performance

Shares of NYSE TTC traded down $0.57 during mid-day trading on Tuesday, reaching $79.02. 219,531 shares of the company were exchanged, compared to its average volume of 952,358. Toro Company has a twelve month low of $62.34 and a twelve month high of $89.50. 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 company's 50-day simple moving average is $76.81 and its 200-day simple moving average is $73.51. The stock has a market capitalization of $7.73 billion, a P/E ratio of 24.01 and a beta of 0.80.

Toro (NYSE:TTC - Get Free Report) last announced its quarterly 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. Toro had a net margin of 7.37% and a return on equity of 28.98%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm posted $1.18 EPS. The firm's revenue was down 2.2% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. As a group, research analysts predict that Toro Company will post 4.41 earnings per share for the current 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.