Toro Company (The) $TTC Stake Decreased by Deutsche Bank AG

Deutsche Bank AG cut its holdings in shares of Toro Company (The) (NYSE:TTC) by 91.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,330 shares of the company’s stock after selling 129,070 shares during the period. Deutsche Bank AG’s holdings in Toro were worth $824,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. True Wealth Design LLC boosted its position in Toro by 127.2% during the 4th quarter. True Wealth Design LLC now owns 368 shares of the company’s stock worth $29,000 after acquiring an additional 206 shares during the period. Financial Harvest LLC bought a new stake in shares of Toro during the first quarter valued at about $42,000. Allworth Financial LP lifted its holdings 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 purchasing an additional 317 shares during the period. Versant Capital Management Inc lifted its holdings 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 purchasing an additional 389 shares during the period. Finally, iA Global Asset Management Inc. bought a new position in Toro in the 1st quarter valued at about $82,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Raymond James Financial reduced their price target on shares of Toro from $95.00 to $90.00 and set an “outperform” rating for the company 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. 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. Robert W. Baird upped their price target on shares of Toro from $84.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, June 3rd. Finally, Northland Capmk downgraded shares of Toro from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 6th. Three investment 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.com, the company has an average rating of “Moderate Buy” and an average target price of $89.60.

Toro Price Performance

Shares of Toro stock opened at $82.51 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.81 and a quick ratio of 0.79. Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $93.00. The firm has a fifty day moving average price of $74.05 and a two-hundred day moving average price of $73.51. The company has a market cap of $8.14 billion, a PE ratio of 21.16 and a beta of 0.80.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, June 5th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The firm 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 business’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. Analysts expect that Toro Company will post 4.41 EPS for the current year.

Insider Transactions at Toro

In related news, Director Gary Lee Ellis sold 5,038 shares of the stock in a transaction dated 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 sale, the director owned 34,062 shares in the company, valued at $2,411,930.22. This trade represents a 12.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction dated 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. This trade represents a 34.00% decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by company insiders.

About Toro

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.