Voleon Capital Management LP Makes New $1.32 Million Investment in Toro Company (The) $TTC

Key Points

• Voleon Capital Management LP invested approximately $1.32 million in Toro Company, acquiring 18,083 shares during the first quarter.
• Multiple large investors, including Vanguard Group and AQR Capital Management, have recently increased their stakes in Toro Company, indicating growing institutional interest.
• Wall Street analysts have mixed ratings on Toro, with price targets ranging from $80.00 to $100.00, reflecting diverse outlooks on the stock's future performance.

Voleon Capital Management LP purchased a new position in shares of Toro Company (The) (NYSE:TTC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,083 shares of the company's stock, valued at approximately $1,316,000.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Toro by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 10,495,037 shares of the company's stock worth $763,514,000 after purchasing an additional 169,865 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Toro by 16.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company's stock worth $595,649,000 after purchasing an additional 1,156,314 shares during the period. AQR Capital Management LLC lifted its stake in shares of Toro by 1,184.6% during the 1st quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company's stock worth $142,827,000 after purchasing an additional 1,810,429 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Toro by 39.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company's stock worth $111,654,000 after purchasing an additional 434,257 shares during the period. Finally, King Luther Capital Management Corp raised its position in shares of Toro by 3.2% in the 1st quarter. King Luther Capital Management Corp now owns 1,077,753 shares of the company's stock worth $78,407,000 after buying an additional 33,920 shares during the period. Hedge funds and other institutional investors own 87.95% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TTC shares. DA Davidson increased their target price on Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday. Northland Securities reiterated a "market perform" rating and issued a $80.00 price target (down from $100.00) on shares of Toro in a report on Friday, June 6th. Raymond James Financial lowered their price target on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, June 6th. Robert W. Baird raised their target price on Toro from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Longbow Research upgraded 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 issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.60.

Toro Stock Down 0.3%

NYSE:TTC opened at $81.42 on Tuesday. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 24.67 and a beta of 0.80. Toro Company has a one year low of $62.34 and a one year high of $89.50. The stock has a 50-day simple moving average of $76.31 and a 200 day simple moving average of $73.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 1.88.

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, topping analysts' consensus estimates of $1.22 by $0.02. Toro had a return on equity of 28.98% and a net margin of 7.37%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm earned $1.18 earnings per share. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. Sell-side analysts predict that Toro Company will post 4.41 EPS for the current fiscal year.

Insider Activity at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was 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 of the company's stock, valued at $826,749.54. The trade was a 34.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Lee Ellis sold 5,038 shares of Toro 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 transaction, the director owned 34,062 shares in the company, valued at approximately $2,411,930.22. This trade represents a 12.88% decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

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.

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