Toro Company (The) $TTC Shares Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its Toro stake by 160.8% in the second quarter, bringing its holdings to 41,067 shares valued at approximately $3.98 million. Institutional investors collectively own 87.95% of Toro.
• Toro exceeded quarterly expectations, reporting $1.33 in earnings per share and $1.23 billion in revenue, with revenue up 8.4% year over year. The company set fiscal 2026 EPS guidance at $4.60–$4.65.
• Analyst sentiment remains cautious: Toro has an average rating of “Hold” and an average price target of $107.50, while recent targets were lowered by DA Davidson and Robert W. Baird.

Hsbc Holdings PLC raised its holdings in shares of Toro Company (The) (NYSE:TTC - Free Report) by 160.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,067 shares of the company's stock after purchasing an additional 25,318 shares during the period. Hsbc Holdings PLC's holdings in Toro were worth $3,976,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Hillsdale Investment Management Inc. raised its stake in Toro by 379.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company's stock worth $4,379,000 after acquiring an additional 44,030 shares during the period. LSV Asset Management acquired a new position in Toro in the fourth quarter valued at approximately $1,078,000. SG Americas Securities LLC grew its holdings in shares of Toro by 416.7% during the first quarter. SG Americas Securities LLC now owns 68,455 shares of the company's stock valued at $6,396,000 after purchasing an additional 55,206 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Toro during the fourth quarter valued at approximately $1,664,000. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Toro by 70.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,427 shares of the company's stock worth $507,000 after purchasing an additional 2,249 shares during the period. 87.95% of the stock is currently owned by institutional investors.

Toro Price Performance

Shares of TTC opened at $92.75 on Friday. Toro Company has a one year low of $67.64 and a one year high of $105.18. The stock's fifty day moving average is $95.94 and its 200-day moving average is $94.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 24.80 and a beta of 0.70.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, COO Edric Funk sold 527 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $97.97, for a total value of $51,630.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kurt D. Svendsen sold 6,600 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the transaction, the vice president owned 12,166 shares in the company, valued at $1,132,532.94. This represents a 35.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 8,128 shares of company stock valued at $763,569. Company insiders own 1.88% of the company's stock.

Toro Company 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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