Vestmark Advisory Solutions Inc. Purchases 45,230 Shares of Toro Company (The) $TTC

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Toro Company by 93.3%, now owning 93,720 shares valued at approximately $6.8 million.
• Toro Company recently declared a quarterly dividend of $0.38 per share, reflecting an annualized amount of $1.52 with a dividend yield of 1.9%.
• Toro's stock has seen a 52-week range between $62.34 and $93.00, with recent earnings reporting a decline in revenue compared to the prior year.

Vestmark Advisory Solutions Inc. boosted its position in Toro Company (The) (NYSE:TTC - Free Report) by 93.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,720 shares of the company's stock after buying an additional 45,230 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.09% of Toro worth $6,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cambridge Investment Research Advisors Inc. grew its holdings in Toro by 1.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock worth $1,033,000 after buying an additional 173 shares in the last quarter. True Wealth Design LLC grew its holdings in Toro by 127.2% during the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after purchasing an additional 206 shares during the period. Baird Financial Group Inc. grew its stake in shares of Toro by 5.3% during the 4th quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock worth $352,000 after acquiring an additional 220 shares during the period. IHT Wealth Management LLC boosted its position in Toro by 7.9% during the fourth quarter. IHT Wealth Management LLC now owns 3,287 shares of the company's stock worth $263,000 after purchasing an additional 240 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Toro by 9.1% in the first quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company's stock worth $209,000 after acquiring an additional 240 shares during the period. Institutional investors own 87.95% of the company's stock.

Toro Stock Performance

Shares of TTC stock traded up $1.3890 during trading hours on Tuesday, reaching $78.0890. The company had a trading volume of 310,032 shares, compared to its average volume of 960,915. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 1.81. Toro Company has a one year low of $62.34 and a one year high of $93.00. The firm has a market cap of $7.71 billion, a PE ratio of 20.03 and a beta of 0.80. The business has a fifty day moving average price of $73.19 and a 200-day moving average price of $73.59.

Toro (NYSE:TTC - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.02. The business had revenue of $1.32 billion during 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 revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. Sell-side analysts predict that Toro Company will post 4.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gary Lee Ellis sold 5,038 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total transaction of $356,740.78. Following the completion of the transaction, the director owned 34,062 shares in the company, valued at approximately $2,411,930.22. This represents a 12.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the transaction, the vice president directly owned 11,646 shares of the company's stock, valued at $826,749.54. This trade represents a 34.00% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.39% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TTC. Northland Securities reiterated a "market perform" rating and set a $80.00 target price (down from $100.00) on shares of Toro in a research report on Friday, June 6th. Robert W. Baird increased their price target on shares of Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. DA Davidson set a $76.00 target price on Toro and gave the stock a "neutral" rating in a research report on Monday, June 9th. Raymond James Financial decreased their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, June 6th. Finally, Northland Capmk downgraded Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $82.75.

Toro 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.