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 lifted its position in Toro Company (The) (NYSE:TTC - Free Report) by 58.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 acquiring an additional 206 shares in the last quarter. Brooklyn Investment Group grew its position in Toro by 94.1% in the first quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after acquiring an additional 240 shares in the last quarter. Financial Harvest LLC purchased a new position in Toro in the first quarter worth about $42,000. Allworth Financial LP grew its position in Toro by 91.6% in the first quarter. Allworth Financial LP now owns 663 shares of the company's stock worth $46,000 after acquiring an additional 317 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Toro by 81.2% in 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 in the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Trading Down 0.7%

Shares of NYSE:TTC traded down $0.57 during trading hours on Friday, hitting $79.35. 717,520 shares of the company's stock traded hands, compared to its average volume of 846,344. Toro Company has a 1 year low of $62.34 and a 1 year high of $89.50. The business has a fifty day moving average price of $76.69 and a 200-day moving average price of $73.51. The firm has a market capitalization of $7.77 billion, a P/E ratio of 24.05 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79.

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

Insider Buying and Selling at Toro

In other news, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction that occurred 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 completion of the sale, the vice president owned 11,646 shares of the company's stock, valued at approximately $826,749.54. The trade was a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

TTC has been the subject of several recent research reports. Northland Capmk lowered Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Raymond James Financial dropped their price target on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Robert W. Baird lifted their price target on Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Longbow Research upgraded Toro from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research report on Monday, August 25th. Finally, DA Davidson boosted their target price on Toro from $93.00 to $97.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company 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.