Southeast Asset Advisors LLC Decreases Stock Position in Toro Company (The) $TTC

Key Points

• Southeast Asset Advisors LLC reduced its stake in Toro Company (NYSE:TTC) by 39.6%, holding 17,882 shares valued at $1.3 million after selling 11,748 shares in Q1.
• Toro stock has a consensus rating of "Hold" among analysts, with an average price target of $82.75, reflecting recent adjustments from various investment firms.
• In related insider transactions, Director Gary Lee Ellis and VP Kurt D. Svendsen sold shares, reflecting significant decreases in their ownership of the company's stock.

Southeast Asset Advisors LLC lowered its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 39.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,882 shares of the company's stock after selling 11,748 shares during the period. Southeast Asset Advisors LLC's holdings in Toro were worth $1,301,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in shares of Toro by 33.8% during the 4th quarter. Captrust Financial Advisors now owns 52,934 shares of the company's stock valued at $4,240,000 after acquiring an additional 13,373 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Toro by 7.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 535,787 shares of the company's stock valued at $38,882,000 after purchasing an additional 37,405 shares during the last quarter. M&T Bank Corp lifted its stake in Toro by 11.2% in the first quarter. M&T Bank Corp now owns 10,915 shares of the company's stock valued at $794,000 after purchasing an additional 1,098 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Toro by 87.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 45,449 shares of the company's stock valued at $3,306,000 after purchasing an additional 21,214 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Toro by 1.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock worth $1,033,000 after buying an additional 173 shares during the last quarter. Institutional investors own 87.95% of the company's stock.

Wall Street Analyst Weigh In

TTC has been the topic of several research reports. Northland Capmk lowered Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Longbow Research raised Toro from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Monday. Raymond James Financial lowered their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Robert W. Baird upped their price target on shares of Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Finally, DA Davidson upgraded shares of Toro from a "neutral" rating to a "buy" rating and raised their price objective for the company from $76.00 to $93.00 in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Toro presently has a consensus rating of "Moderate Buy" and an average price target of $89.60.

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 value of $425,940.00. Following the sale, the vice president owned 11,646 shares in the company, valued at approximately $826,749.54. This represents a 34.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total value of $356,740.78. Following the transaction, the director owned 34,062 shares of the company's stock, valued at $2,411,930.22. The trade was 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 0.6%

Shares of NYSE TTC traded down $0.52 during trading hours on Thursday, hitting $82.03. The company's stock had a trading volume of 926,055 shares, compared to its average volume of 951,795. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 1.81. Toro Company has a 12 month low of $62.34 and a 12 month high of $93.00. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 21.03 and a beta of 0.80. The business has a 50-day simple moving average of $74.57 and a 200-day simple moving average of $73.62.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.02. Toro had a net margin of 8.77% and a return on equity of 27.99%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned $1.40 EPS. The company's quarterly revenue was down 2.3% compared to the same quarter last year. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. On average, analysts anticipate 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.