Brandywine Global Investment Management LLC Grows Position in Toro Company (The) $TTC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Toro Company by 176.0% in the first quarter, owning about 0.06% of the company, valued at $4.35 million.
• Institutional investors collectively hold 87.95% of Toro's stock, with several firms significantly increasing their positions in recent quarters.
• Toro's stock recently experienced a slight decline of 1.4%, pricing at $76.91, with a current market cap of $7.59 billion.

Brandywine Global Investment Management LLC increased its holdings in shares of Toro Company (The) (NYSE:TTC - Free Report) by 176.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,735 shares of the company's stock after acquiring an additional 38,088 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of Toro worth $4,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC grew its holdings in 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 acquiring an additional 206 shares during the period. Financial Harvest LLC acquired a new stake in Toro in the first quarter valued at $42,000. Allworth Financial LP grew its holdings in Toro by 91.6% in the first quarter. Allworth Financial LP now owns 663 shares of the company's stock valued at $46,000 after purchasing an additional 317 shares during the last quarter. Versant Capital Management Inc grew its holdings in Toro by 81.2% in the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock valued at $63,000 after purchasing an additional 389 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in Toro in the first quarter valued at $82,000. Institutional investors and hedge funds own 87.95% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on TTC. Robert W. Baird upped their target price on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Raymond James Financial lowered their target price on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. DA Davidson set a $76.00 target price on Toro and gave the company a "neutral" rating in a report on Monday, June 9th. Northland Capmk lowered Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Finally, Northland Securities restated a "market perform" rating and issued a $80.00 price objective (down from $100.00) on shares of Toro in a research report on Friday, June 6th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $82.75.

Toro Price Performance

Shares of NYSE:TTC traded up $3.0440 on Friday, hitting $79.0140. The company had a trading volume of 293,832 shares, compared to its average volume of 953,676. The business has a 50 day moving average of $73.55 and a 200 day moving average of $73.60. Toro Company has a 52-week low of $62.34 and a 52-week high of $93.00. The company has a market cap of $7.80 billion, a PE ratio of 20.25 and a beta of 0.80. The company has a current ratio of 1.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Toro (NYSE:TTC - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%.The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The firm'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 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gary Lee Ellis sold 5,038 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total transaction of $356,740.78. Following the transaction, the director directly owned 34,062 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $70.99, for a total value of $425,940.00. Following the transaction, the vice president owned 11,646 shares in the company, valued at $826,749.54. This trade 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.