Nissay Asset Management Corp Japan ADV Sells 12,791 Shares of Toro Company (The) $TTC

Key Points

• Nissay Asset Management Corp Japan ADV has significantly decreased its holdings in Toro Company by 51.7%, now owning approximately 11,955 shares valued at $870,000.
• Several institutional investors have made moves in Toro's stock, with AQR Capital Management LLC increasing their holdings by 1,184.6% to own over 1.9 million shares valued at $142.8 million.
• Toro recently announced a Q4 EPS of $1.24, beating analysts' estimates slightly, though its revenue declined 2.2% year-over-year to $1.13 billion.

Nissay Asset Management Corp Japan ADV decreased its position in Toro Company (The) (NYSE:TTC - Free Report) by 51.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,955 shares of the company's stock after selling 12,791 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Toro were worth $870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings in shares of Toro by 10.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company's stock worth $446,000 after purchasing an additional 586 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Toro by 1,184.6% in the first quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company's stock worth $142,827,000 after purchasing an additional 1,810,429 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new position in shares of Toro in the first quarter worth approximately $757,000. Cubist Systematic Strategies LLC grew its holdings in shares of Toro by 30.2% in the first quarter. Cubist Systematic Strategies LLC now owns 129,018 shares of the company's stock worth $9,386,000 after purchasing an additional 29,940 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Toro by 7.8% in the first quarter. The Manufacturers Life Insurance Company now owns 500,660 shares of the company's stock worth $36,423,000 after purchasing an additional 36,051 shares during the last quarter. Institutional investors own 87.95% of the company's stock.

Insider Activity at Toro

In other news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the sale, the vice president owned 11,646 shares in the company, valued at approximately $826,749.54. The trade was a 34.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TTC. DA Davidson raised their target price on shares of Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Northland Securities lifted their price target on shares of Toro from $80.00 to $90.00 and gave the company a "market perform" rating in a report on Tuesday. Robert W. Baird lifted their price target on shares of Toro from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Friday, September 5th. Raymond James Financial cut their price target on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. Finally, Northland Capmk cut shares of Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Toro presently has an average rating of "Moderate Buy" and a consensus target price of $92.60.

Toro Stock Performance

Shares of TTC stock opened at $78.78 on Wednesday. Toro Company has a 12 month low of $62.34 and a 12 month high of $89.50. The stock has a market cap of $7.71 billion, a PE ratio of 23.87 and a beta of 0.80. 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's fifty day moving average price is $76.41 and its 200-day moving average price is $73.58.

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