Toro Company (The) $TTC Stock Holdings Lessened by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly reduced its stake in Toro Company by 74.5% during the first quarter, holding now only 2,064 shares worth $150,000.
• Multiple analysts have adjusted their price targets for Toro, with the consensus target price set at $82.75 and an average rating of "Hold".
• Toro reported stronger than expected earnings of $1.42 per share in its last earnings report, despite a 2.3% year-over-year decline in revenue.

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in shares of Toro Company (The) (NYSE:TTC - Free Report) by 74.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,064 shares of the company's stock after selling 6,036 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Toro were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC boosted its position in shares of 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 buying an additional 206 shares during the period. Brooklyn Investment Group boosted its position in shares of Toro by 94.1% during the first quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after buying an additional 240 shares during the period. Financial Harvest LLC acquired a new position in shares of Toro during the first quarter worth approximately $42,000. Allworth Financial LP boosted its position in shares of Toro by 91.6% during the first quarter. Allworth Financial LP now owns 663 shares of the company's stock worth $46,000 after buying an additional 317 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Toro by 81.2% during the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock valued at $63,000 after acquiring an additional 389 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Down 1.2%

Shares of Toro stock traded down $0.98 during trading on Friday, hitting $81.02. The stock had a trading volume of 1,130,950 shares, compared to its average volume of 712,128. The stock has a 50 day simple moving average of $75.05 and a 200 day simple moving average of $73.64. The company has a market capitalization of $8.00 billion, a PE ratio of 20.77 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.73. Toro Company has a 1 year low of $62.34 and a 1 year high of $93.00.

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. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. Toro had a net margin of 8.77% and a return on equity of 27.99%. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. On average, research analysts expect that Toro Company will post 4.41 EPS for the current fiscal year.

Analysts Set New Price Targets

TTC has been the topic of a number of research analyst reports. Raymond James Financial lowered their price objective on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Longbow Research raised shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Monday, August 25th. Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Northland Securities restated a "market perform" rating and issued a $80.00 target price (down from $100.00) on shares of Toro in a report on Friday, June 6th. Finally, DA Davidson upgraded Toro from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $93.00 in a report on Monday, August 25th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.60.

Insider Activity at Toro

In other news, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total value of $425,940.00. Following the completion of the sale, the vice president directly owned 11,646 shares of the company's stock, valued at $826,749.54. This represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Lee Ellis sold 5,038 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total transaction of $356,740.78. Following the completion of the sale, the director directly owned 34,062 shares of the company's stock, valued at $2,411,930.22. This trade represents a 12.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.