Jump Financial LLC Takes Position in Toro Company (The) $TTC

Key Points

• Jump Financial LLC has acquired a new stake in Toro Company (The) worth approximately $277,000 by purchasing 3,802 shares, as per their recent SEC filing.
• Several hedge funds have increased their holdings in Toro, with True Wealth Design LLC expanding its holdings by 127.2% in the last quarter.
• Toro's latest quarterly earnings showed a slight increase in earnings per share to $1.42, beating analysts' estimates, but the company's revenue decreased by 2.3% compared to the previous year.

Jump Financial LLC bought a new stake in shares of Toro Company (The) (NYSE:TTC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,802 shares of the company's stock, valued at approximately $277,000.

Other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Toro by 1.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock worth $1,033,000 after acquiring an additional 173 shares during the last quarter. True Wealth Design LLC grew its position in 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 last quarter. Baird Financial Group Inc. boosted its stake in shares of Toro by 5.3% during the 4th quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock valued at $352,000 after buying an additional 220 shares during the period. Cornerstone Wealth Management LLC grew its holdings in shares of Toro by 9.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company's stock valued at $209,000 after acquiring an additional 240 shares in the last quarter. Finally, Brooklyn Investment Group lifted 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 last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Trading Down 0.9%

Shares of TTC stock traded down $0.70 on Monday, hitting $80.94. 300,630 shares of the stock traded hands, compared to its average volume of 961,554. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 1.88. The stock has a market capitalization of $7.92 billion, a PE ratio of 24.51 and a beta of 0.80. The firm's 50-day moving average price is $76.10 and its two-hundred day moving average price is $73.54. Toro Company has a twelve month low of $62.34 and a twelve month high of $89.50.

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

Insider Activity at Toro

In other Toro news, Director Gary Lee Ellis sold 5,038 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was 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. The trade was a 12.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kurt D. Svendsen sold 6,000 shares of the business's 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 sale, the vice president directly owned 11,646 shares in the company, valued at $826,749.54. This trade represents a 34.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.