Nuveen LLC Buys New Holdings in Toro Company (The) $TTC

Key Points

• Nuveen LLC recently invested approximately $13.56 million in Toro Company (TTC), acquiring 186,394 shares during the first quarter.
• Multiple institutional investors have increased their holdings in Toro, with notable increases including a 33.8% stake rise by Captrust Financial Advisors and an 87.5% stake rise by Wealth Enhancement Advisory Services LLC.
• Despite recent analyst reports downgrading target prices, Toro Company continues to maintain a consensus rating of "Hold" with an average target price set at $82.75.

Nuveen LLC bought a new stake in Toro Company (The) (NYSE:TTC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 186,394 shares of the company's stock, valued at approximately $13,560,000. Nuveen LLC owned 0.19% of Toro at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TTC. True Wealth Design LLC raised its position in Toro by 127.2% during the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after acquiring an additional 206 shares during the period. Financial Harvest LLC acquired a new position in Toro during the first quarter worth $42,000. Allworth Financial LP raised its position in Toro by 91.6% during the first quarter. Allworth Financial LP now owns 663 shares of the company's stock worth $46,000 after acquiring an additional 317 shares during the period. Versant Capital Management Inc raised its position in Toro by 81.2% during the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock worth $63,000 after acquiring an additional 389 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in Toro during the first quarter worth $82,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTC has been the subject of a number of research analyst reports. Longbow Research upgraded shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Monday. Raymond James Financial dropped their target price 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 Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Robert W. Baird upped their target price on shares of Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Finally, DA Davidson raised shares of Toro from a "neutral" rating to a "buy" rating and upped their target price for the stock from $76.00 to $93.00 in a report on Monday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $89.60.

Insider Activity

In other Toro 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 transaction 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 trade represents a 34.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Lee Ellis sold 5,038 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total transaction of $356,740.78. Following the sale, the director directly owned 34,062 shares in the company, valued at $2,411,930.22. This represents a 12.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.39% of the company's stock.

Toro Trading Down 1.6%

TTC stock traded down $1.34 during mid-day trading on Tuesday, hitting $81.10. 242,882 shares of the company were exchanged, compared to its average volume of 950,804. The company has a quick ratio of 0.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $8.00 billion, a P/E ratio of 20.76 and a beta of 0.80. The business has a fifty day simple moving average of $74.05 and a 200-day simple moving average of $73.51. Toro Company has a 12-month low of $62.34 and a 12-month high of $93.00.

Toro (NYSE:TTC - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.02. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. Toro had a net margin of 8.77% and a return on equity of 27.99%. Toro's revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. On average, equities research analysts predict that Toro Company will post 4.41 earnings per share for the current fiscal year.

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.