Cambiar Investors LLC Has $6.70 Million Holdings in Toro Company (The) $TTC

Key Points

• Cambiar Investors LLC has reduced its stake in Toro Company by 10.2%, now owning 92,031 shares valued at approximately $6.7 million.
• Several institutional investors are increasing their positions in Toro, with Kayne Anderson Rudnick Investment Management boosting its stake by 45.5% during the last quarter.
• Toro recently announced a quarterly dividend of $0.38 per share, representing an annualized yield of 2.0% and a payout ratio of 38.97%.

Cambiar Investors LLC reduced its stake in Toro Company (The) (NYSE:TTC - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,031 shares of the company's stock after selling 10,404 shares during the quarter. Cambiar Investors LLC owned about 0.09% of Toro worth $6,695,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Toro by 1.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock worth $1,033,000 after purchasing an additional 173 shares during the period. True Wealth Design LLC increased its holdings in shares of 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 purchasing an additional 206 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Toro by 5.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock worth $352,000 after purchasing an additional 220 shares during the period. IHT Wealth Management LLC increased its holdings in shares of Toro by 7.9% during the fourth quarter. IHT Wealth Management LLC now owns 3,287 shares of the company's stock worth $263,000 after purchasing an additional 240 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its position in shares of Toro by 9.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company's stock worth $209,000 after acquiring an additional 240 shares in the last quarter. 87.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Raymond James Financial reduced their price target on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Northland Securities reiterated a "market perform" rating and set a $80.00 price target (down previously from $100.00) on shares of Toro in a research report on Friday, June 6th. Robert W. Baird increased their price target on shares of Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, DA Davidson set a $76.00 price target on shares of Toro and gave the stock a "neutral" rating in a research report on Monday, June 9th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $82.75.

Toro Price Performance

Toro stock traded down $1.9150 during mid-day trading on Wednesday, reaching $76.1050. The company had a trading volume of 766,659 shares, compared to its average volume of 961,473. Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $93.00. The company has a current ratio of 1.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a market cap of $7.51 billion, a P/E ratio of 19.51 and a beta of 0.80. The business has a fifty day simple moving average of $73.31 and a 200 day simple moving average of $73.62.

Toro (NYSE:TTC - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $1.42 earnings per share 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 firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business posted $1.40 earnings per share. The company's quarterly revenue was down 2.3% on a year-over-year basis. 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 year.

Insiders Place Their Bets

In other news, 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 transaction of $356,740.78. Following the transaction, the director owned 34,062 shares in the company, valued at approximately $2,411,930.22. The trade was a 12.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $70.99, for a total transaction of $425,940.00. Following the transaction, the vice president owned 11,646 shares in the company, valued at approximately $826,749.54. This trade represents a 34.00% decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

About Toro

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.