Toro Company (The) $TTC Holdings Decreased by Select Equity Group L.P.

Key Points

• Select Equity Group L.P. has reduced its stake in Toro Company by 52.6%, selling 2,578,711 shares and now owning approximately $169.3 million in Toro stock.
• Insider activity has increased as directors and executives sold significant portions of their shares, with Gary Lee Ellis and VP Kurt D. Svendsen reducing their holdings by 12.88% and 34.00% respectively.
• Analysts have varied views on Toro's stock, with Longbow Research upgrading it to a "buy" rating and setting a price target of $100, while other firms have downgraded their ratings or adjusted price targets downward.

Select Equity Group L.P. reduced its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 52.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,327,264 shares of the company's stock after selling 2,578,711 shares during the quarter. Select Equity Group L.P. owned approximately 2.33% of Toro worth $169,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in shares of Toro by 1,184.6% during the 1st quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company's stock valued at $142,827,000 after acquiring an additional 1,810,429 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Toro by 16.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company's stock valued at $595,649,000 after purchasing an additional 1,156,314 shares during the period. Boston Trust Walden Corp grew its holdings in Toro by 133.3% in the first quarter. Boston Trust Walden Corp now owns 779,419 shares of the company's stock valued at $56,703,000 after purchasing an additional 445,287 shares during the period. Dimensional Fund Advisors LP grew its holdings in Toro by 39.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company's stock valued at $111,654,000 after purchasing an additional 434,257 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in 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 acquiring an additional 233,397 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Price Performance

TTC stock traded down $0.96 during trading on Friday, hitting $78.97. The company had a trading volume of 158,955 shares, compared to its average volume of 955,637. The business has a 50 day moving average of $76.60 and a 200 day moving average of $73.62. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 23.94 and a beta of 0.80. 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.

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

Insider Buying and Selling

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the company's 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 sale, the vice president directly owned 11,646 shares of the company's stock, valued at approximately $826,749.54. This represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

TTC has been the subject of several recent research reports. 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. Robert W. Baird upped their target price on shares of Toro from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. DA Davidson upped their target price on shares of Toro from $93.00 to $97.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Finally, Raymond James Financial lowered their target price on shares of Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.