Toro Company (The) $TTC Shares Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its Toro stake by 1,063.5% in the second quarter, acquiring 171,826 additional shares and bringing its holdings to 187,982 shares valued at approximately $18.3 million.
• Toro exceeded quarterly expectations, reporting $1.33 in EPS versus the $1.31 consensus and $1.23 billion in revenue versus $1.19 billion expected; revenue rose 8.4% year over year.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $107.50, while company insiders sold 8,128 shares worth about $763,569 over the past 90 days.

Corient Private Wealth LP increased its stake in shares of Toro Company (The) (NYSE:TTC - Free Report) by 1,063.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,982 shares of the company's stock after purchasing an additional 171,826 shares during the quarter. Corient Private Wealth LP owned approximately 0.20% of Toro worth $18,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new position in Toro in the 1st quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Toro by 237.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company's stock worth $75,000 after buying an additional 541 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Toro by 277.8% during the first quarter. Root Financial Partners LLC now owns 971 shares of the company's stock worth $91,000 after buying an additional 714 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Toro in the first quarter valued at approximately $209,000. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of Toro in the fourth quarter valued at approximately $215,000. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Stock Performance

Shares of NYSE:TTC opened at $93.65 on Tuesday. The firm has a market capitalization of $8.87 billion, a PE ratio of 25.04 and a beta of 0.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 0.74. The business has a 50-day moving average of $95.79 and a two-hundred day moving average of $94.65. Toro Company has a 12 month low of $67.64 and a 12 month high of $105.18.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%.The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $1.24 EPS. The company's quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, research analysts forecast that Toro Company will post 4.64 earnings per share for the current year.

Insider Activity at Toro

In other news, COO Edric C. Funk sold 856 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $97.97, for a total value of $83,862.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kurt Svendsen sold 6,600 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total transaction of $614,394.00. Following the completion of the sale, the vice president directly owned 12,166 shares of the company's stock, valued at $1,132,532.94. The trade was a 35.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,128 shares of company stock worth $763,569 in the last 90 days. 1.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTC. DA Davidson reduced their price objective on shares of Toro from $117.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday, September 4th. Wall Street Zen cut shares of Toro from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Robert W. Baird cut their price target on Toro from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, June 5th. Finally, Weiss Ratings raised Toro from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $107.50.

Toro Profile

The Toro Company NYSE: TTC is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro's product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.

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