Nissay Asset Management Corp Japan ADV Has $870,000 Stake in 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 trimmed its position in shares of Toro Company (The) (NYSE:TTC - Free Report) by 51.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTC. True Wealth Design LLC grew its position in Toro by 127.2% during the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after purchasing an additional 206 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Toro by 94.1% during the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company's stock valued at $36,000 after acquiring an additional 240 shares in the last quarter. Financial Harvest LLC purchased a new position in shares of Toro during the 1st quarter valued at $42,000. Allworth Financial LP grew 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 acquiring an additional 317 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of 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 in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Raymond James Financial lowered 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. Northland Securities boosted 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, September 9th. 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 report on Friday, September 5th. Longbow Research raised shares of 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, Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.60.

Toro Price Performance

NYSE:TTC traded up $0.41 during mid-day trading on Monday, hitting $79.69. The company's stock had a trading volume of 62,246 shares, compared to its average volume of 953,768. Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $89.50. 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 has a market capitalization of $7.80 billion, a price-to-earnings ratio of 24.14 and a beta of 0.80. The stock has a fifty day moving average of $76.69 and a 200-day moving average of $73.51.

Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $1.18 earnings per share. The company's quarterly revenue was down 2.2% compared to the same quarter last year. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. As a group, equities analysts forecast that Toro Company will post 4.41 EPS for the current fiscal year.

Insider Transactions at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction dated 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 owned 11,646 shares of the company's stock, valued at $826,749.54. This represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by company insiders.

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.