Scientech Research LLC Buys 3,714 Shares of Toro Company (The) $TTC

Key Points

• Scientech Research LLC increased its holdings in Toro Company by 58.3% in the first quarter, now owning shares worth approximately $734,000.
• Insider transactions revealed that VP Kurt D. Svendsen and Director Gary Lee Ellis sold significant amounts of stock, with Ellis's ownership decreasing by 12.88% after selling over 5,000 shares.
• A number of research firms adjusted their price targets for Toro, with DA Davidson raising it to $97.00 while Northland Capital Markets downgraded their rating from "strong-buy" to "hold".

Scientech Research LLC increased its stake in Toro Company (The) (NYSE:TTC - Free Report) by 58.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,084 shares of the company's stock after purchasing an additional 3,714 shares during the quarter. Scientech Research LLC's holdings in Toro were worth $734,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of Toro by 172.9% in the fourth quarter. Ameriprise Financial Inc. now owns 368,368 shares of the company's stock valued at $29,508,000 after buying an additional 233,397 shares in the last quarter. Baird Financial Group Inc. lifted its position 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 acquiring an additional 220 shares during the period. Focus Partners Wealth acquired a new position in Toro in the 4th quarter worth about $220,000. LRT Capital Management LLC increased its stake in shares of Toro by 24.9% in the fourth quarter. LRT Capital Management LLC now owns 25,641 shares of the company's stock valued at $2,054,000 after buying an additional 5,109 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in Toro by 5,161.4% in the fourth quarter. Lazard Asset Management LLC now owns 220,402 shares of the company's stock worth $17,653,000 after acquiring an additional 216,213 shares in the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.

Toro Trading Up 1.8%

Shares of Toro stock traded up $1.38 during mid-day trading on Thursday, hitting $79.87. The stock had a trading volume of 728,292 shares, compared to its average volume of 890,425. The firm has a 50-day moving average of $76.60 and a two-hundred day moving average of $73.62. The company has a quick ratio of 0.79, a current ratio of 1.88 and a debt-to-equity ratio of 0.72. Toro Company has a 12-month low of $62.34 and a 12-month high of $89.50. The firm has a market cap of $7.82 billion, a P/E ratio of 24.20 and a beta of 0.80.

Toro (NYSE:TTC - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported $1.24 earnings per share 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 business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned $1.18 EPS. The company'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. Sell-side analysts forecast that Toro Company will post 4.41 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Kurt D. Svendsen sold 6,000 shares of the firm'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 transaction, the vice president owned 11,646 shares of the company's stock, valued at approximately $826,749.54. This trade represents a 34.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TTC shares. Longbow Research upgraded Toro from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research note on Monday, August 25th. 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 report on Friday, June 6th. DA Davidson upped their price target on Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Northland Securities increased their price target on Toro from $80.00 to $90.00 and gave the company a "market perform" rating in a report on Tuesday. Finally, Robert W. Baird raised their target price on Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $92.60.

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.