Capital Fund Management S.A. Has $6.17 Million Stock Position in Toro Company (The) $TTC

Key Points

• Capital Fund Management S.A. significantly increased its stake in Toro Company by 350.3% in the first quarter, now holding about 0.08% of the company's shares valued at over $6 million.
• Insider sales included Gary Lee Ellis and Kurt D. Svendsen, who sold shares representing declines in their ownership by 12.88% and 34.00% respectively.
• Toro Company recently reported earnings of $1.42 per share, beating estimates, but its quarterly revenue was down 2.3% year-over-year.

Capital Fund Management S.A. grew its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 350.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,745 shares of the company's stock after buying an additional 65,927 shares during the quarter. Capital Fund Management S.A. owned approximately 0.08% of Toro worth $6,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTC. Canada Pension Plan Investment Board increased its stake in shares of Toro by 125.0% in 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 increased its position in Toro by 264.5% in the fourth quarter. First Trust Advisors LP now owns 211,849 shares of the company's stock worth $16,969,000 after purchasing an additional 153,730 shares during the period. Dimensional Fund Advisors LP increased its position in Toro by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock worth $88,152,000 after purchasing an additional 164,069 shares during the period. MetLife Investment Management LLC increased its position in Toro by 7.7% in the fourth quarter. MetLife Investment Management LLC now owns 57,845 shares of the company's stock worth $4,633,000 after purchasing an additional 4,149 shares during the period. Finally, MML Investors Services LLC increased its position in Toro by 5.5% in the fourth quarter. MML Investors Services LLC now owns 24,196 shares of the company's stock worth $1,938,000 after purchasing an additional 1,261 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TTC. Longbow Research upgraded Toro from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Monday. Northland Capmk lowered Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Robert W. Baird lifted their price objective on Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Raymond James Financial lowered their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Finally, DA Davidson upgraded Toro from a "neutral" rating to a "buy" rating and raised their target price for the stock from $76.00 to $93.00 in a 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.60.

Toro Stock Up 2.0%

Shares of NYSE:TTC traded up $1.60 during trading on Wednesday, hitting $82.81. 359,409 shares of the company's stock traded hands, compared to its average volume of 949,093. Toro Company has a 52 week low of $62.34 and a 52 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 $8.17 billion, a price-to-earnings ratio of 21.22 and a beta of 0.80. The company has a 50-day moving average price of $74.30 and a 200-day moving average price of $73.56.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.02. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.35 billion. Toro had a return on equity of 27.99% and a net margin of 8.77%.Toro's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 EPS. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. As a group, research analysts forecast that Toro Company will post 4.41 EPS for the current fiscal year.

Insider Activity at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was 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. The trade was a 34.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Lee Ellis sold 5,038 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 34,062 shares in the company, 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. 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.