18,083 Shares in Toro Company (The) $TTC Acquired by Voleon Capital Management LP

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 acquired a new position in Toro Company (The) (NYSE:TTC - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,083 shares of the company's stock, valued at approximately $1,316,000.

Several other hedge funds have also modified their holdings of TTC. Goldman Sachs Group Inc. grew its stake in Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company's stock valued at $33,237,000 after purchasing an additional 124,373 shares in the last quarter. Scientech Research LLC lifted its holdings in shares of Toro by 58.3% in the 1st quarter. Scientech Research LLC now owns 10,084 shares of the company's stock worth $734,000 after purchasing an additional 3,714 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Toro by 10.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company's stock valued at $446,000 after acquiring an additional 586 shares in the last quarter. AQR Capital Management LLC raised its stake in Toro by 1,184.6% during the 1st quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company's stock valued at $142,827,000 after acquiring an additional 1,810,429 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of Toro in the 1st quarter worth $757,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Stock Performance

Shares of NYSE:TTC traded down $0.57 during trading on Friday, reaching $79.35. 717,520 shares of the stock were exchanged, compared to its average volume of 846,344. Toro Company has a 12 month low of $62.34 and a 12 month high of $89.50. The firm has a market cap of $7.77 billion, a PE ratio of 24.05 and a beta of 0.80. The stock has a 50-day moving average price of $76.69 and a 200-day moving average price of $73.51. The company has a current ratio of 1.88, a quick ratio of 0.79 and a debt-to-equity ratio of 0.72.

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

Insider Buying and Selling at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction 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 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 SEC, which is available through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TTC. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. DA Davidson boosted their price objective on Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Raymond James Financial lowered their price target on Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Northland Securities increased their target price on Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a report on Tuesday, September 9th. Finally, Robert W. Baird upped their price objective on Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.