Trexquant Investment LP Sells 225,168 Shares of Toro Company (The) $TTC

Key Points

• Trexquant Investment LP significantly reduced its stake in Toro Company ($TTC), selling 225,168 shares and decreasing its holdings by 98.2%, now owning only 4,171 shares valued at approximately $303,000.
• Insider activity saw VP Kurt D. Svendsen selling 6,000 shares at an average price of $70.99, representing a 34% decline in his ownership.
• The company recently reported $1.24 EPS for the quarter, beating analysts' expectations, despite a 2.2% year-over-year revenue decline to $1.13 billion.

Trexquant Investment LP lessened its holdings in shares of Toro Company (The) (NYSE:TTC - Free Report) by 98.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,171 shares of the company's stock after selling 225,168 shares during the quarter. Trexquant Investment LP's holdings in Toro were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC raised its stake in Toro by 127.2% in 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 in the last quarter. Brooklyn Investment Group raised its stake in Toro by 94.1% in the first quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after buying an additional 240 shares in the last quarter. Financial Harvest LLC bought a new position in Toro in the first quarter worth about $42,000. Allworth Financial LP raised its stake in Toro by 91.6% in the first quarter. Allworth Financial LP now owns 663 shares of the company's stock worth $46,000 after buying an additional 317 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Toro by 81.2% in the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock worth $63,000 after buying an additional 389 shares in the last quarter. 87.95% of the stock is owned by institutional investors.

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 transaction of $425,940.00. Following the sale, the vice president owned 11,646 shares in the company, valued at $826,749.54. This represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.39% of the stock is currently owned by insiders.

Toro Trading Down 3.2%

NYSE:TTC opened at $78.78 on Wednesday. The company's 50 day moving average price is $76.41 and its 200-day moving average price is $73.58. Toro Company has a 52 week low of $62.34 and a 52 week high of $89.50. The company has a quick ratio of 0.79, a current ratio of 1.88 and a debt-to-equity ratio of 0.72. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 23.87 and a beta of 0.80.

Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.02. Toro had a net margin of 7.37% and a return on equity of 28.98%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. The business's revenue for the quarter was down 2.2% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. On average, equities research analysts forecast that Toro Company will post 4.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TTC shares. Northland Securities increased their price target on shares of Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a research note on Tuesday. Raymond James Financial cut their price objective on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. Robert W. Baird raised their target price on shares of Toro from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. Northland Capmk downgraded shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, 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. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Toro currently has an average rating of "Moderate Buy" and a consensus price target of $92.60.

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.

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