Thematics Asset Management Has $7.67 Million Holdings in Toro Company (The) $TTC

Key Points

• Thematics Asset Management reduced its holding in Toro Company by 30.4%, selling 46,000 shares, and now owns approximately 0.11% of the company valued at $7.67 million.
• Toro's stock saw a 4.1% increase, with a current share price of $79.11, and the company has a market cap of $7.81 billion.
• Analysts have given Toro a consensus rating of "Hold", with an average target price of $82.75, following various price target adjustments from several research firms.

Thematics Asset Management decreased its stake in shares of Toro Company (The) (NYSE:TTC - Free Report) by 30.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,473 shares of the company's stock after selling 46,000 shares during the period. Thematics Asset Management owned 0.11% of Toro worth $7,673,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TTC. Canada Pension Plan Investment Board lifted its position in Toro by 125.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,800 shares of the company's stock valued at $144,000 after buying an additional 1,000 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Toro by 264.5% in the 4th quarter. First Trust Advisors LP now owns 211,849 shares of the company's stock valued at $16,969,000 after acquiring an additional 153,730 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Toro by 17.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock valued at $88,152,000 after acquiring an additional 164,069 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Toro by 5.5% in the fourth quarter. MML Investors Services LLC now owns 24,196 shares of the company's stock valued at $1,938,000 after buying an additional 1,261 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Toro by 136.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,116 shares of the company's stock valued at $490,000 after buying an additional 3,529 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on TTC shares. Raymond James Financial lowered their price objective on shares of Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Longbow Research raised shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday. Northland Securities reiterated a "market perform" rating and issued a $80.00 price objective (down previously from $100.00) on shares of Toro in a report on Friday, June 6th. Northland Capmk cut shares of Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, DA Davidson raised Toro from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $93.00 in a research report on Monday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.60.

Toro Stock Performance

TTC stock traded down $0.52 during trading on Thursday, hitting $82.03. 926,068 shares of the company's stock traded hands, compared to its average volume of 951,795. The stock has a fifty day moving average price of $74.57 and a two-hundred day moving average price of $73.62. The company has a quick ratio of 0.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.73. Toro Company has a 52 week low of $62.34 and a 52 week high of $93.00. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 21.03 and a beta of 0.80.

Toro (NYSE:TTC - Get Free Report) last released 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 return on equity of 27.99% and a net margin of 8.77%.The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. As a group, equities analysts anticipate that Toro Company will post 4.41 EPS for the current fiscal year.

Insider Activity

In other Toro news, Director Gary Lee Ellis sold 5,038 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was 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 approximately $2,411,930.22. This represents a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kurt D. Svendsen sold 6,000 shares of the company'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 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 disclosure for this sale can be found here. Corporate insiders own 0.39% of the company's stock.

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.