Toro Company (The) $TTC Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its Toro stake by 14.5% in the third quarter, selling 425,678 shares. It retained 2.52 million shares, valued at about $246.4 million.
• Analysts have a “Moderate Buy” consensus on Toro, with an average price target of $111.67; ratings are split between three Buys and three Holds.
• Toro reported quarterly EPS of $1.33, slightly above estimates, and revenue of $1.23 billion, up 8.4% year over year. Its quarterly dividend was $0.39 per share.

Allspring Global Investments Holdings LLC decreased its position in shares of Toro Company (The) (NYSE:TTC - Free Report) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,519,626 shares of the company's stock after selling 425,678 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.66% of Toro worth $246,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Baird Financial Group Inc. boosted its position in Toro by 4,227.0% during the second quarter. Baird Financial Group Inc. now owns 175,893 shares of the company's stock worth $17,135,000 after purchasing an additional 171,828 shares in the last quarter. Corient Private Wealth LP increased its holdings in Toro by 1,063.5% during the 2nd quarter. Corient Private Wealth LP now owns 187,982 shares of the company's stock valued at $18,314,000 after acquiring an additional 171,826 shares in the last quarter. CX Institutional acquired a new position in Toro during the third quarter worth about $6,647,000. Engineers Gate Manager LP raised its position in Toro by 73.9% during the second quarter. Engineers Gate Manager LP now owns 75,330 shares of the company's stock worth $7,339,000 after acquiring an additional 32,003 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in Toro by 344.1% during the third quarter. Kestra Advisory Services LLC now owns 35,622 shares of the company's stock worth $3,435,000 after acquiring an additional 27,601 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Wall Street Analysts Forecast Growth

TTC has been the topic of several recent research reports. Weiss Ratings raised shares of Toro from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 29th. Oppenheimer began coverage on shares of Toro in a research note on Wednesday, September 23rd. They set an "outperform" rating and a $120.00 price objective for the company. DA Davidson cut their price objective on Toro from $117.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, September 4th. Finally, Wall Street Zen downgraded Toro from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 4th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Toro has a consensus rating of "Moderate Buy" and an average price target of $111.67.

Toro Trading Up 0.0%

Toro stock opened at $104.84 on Monday. The stock has a market cap of $9.92 billion, a PE ratio of 28.03, a P/E/G ratio of 2.06 and a beta of 0.67. The stock has a 50-day moving average price of $98.96 and a 200 day moving average price of $95.86. Toro Company has a 52 week low of $67.64 and a 52 week high of $110.87. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72.

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

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th were issued a $0.39 dividend. The ex-dividend date was Tuesday, October 6th. This represents a $1.56 annualized dividend and a yield of 1.5%. Toro's payout ratio is 41.71%.

Toro Profile

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