American Century Companies Inc. Boosts Holdings in Toro Company (The) $TTC

American Century Companies Inc. lifted its stake in Toro Company (The) (NYSE:TTC) by 324.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,485 shares of the company’s stock after purchasing an additional 100,487 shares during the quarter. American Century Companies Inc. owned 0.13% of Toro worth $9,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its position in shares of Toro by 1.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company’s stock worth $1,033,000 after purchasing an additional 173 shares during the last quarter. True Wealth Design LLC raised its position in Toro by 127.2% in the 4th quarter. True Wealth Design LLC now owns 368 shares of the company’s stock worth $29,000 after buying an additional 206 shares during the last quarter. Baird Financial Group Inc. raised its position in Toro by 5.3% in the 4th quarter. Baird Financial Group Inc. now owns 4,396 shares of the company’s stock worth $352,000 after buying an additional 220 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Toro by 9.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company’s stock worth $209,000 after buying an additional 240 shares during the last quarter. Finally, Values First Advisors Inc. raised its position in Toro by 1.2% in the 1st quarter. Values First Advisors Inc. now owns 20,312 shares of the company’s stock worth $1,479,000 after buying an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Trading Down 1.4%

TTC stock opened at $81.28 on Wednesday. Toro Company has a 1-year low of $62.34 and a 1-year high of $93.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.81 and a quick ratio of 0.79. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 20.84 and a beta of 0.80. The business has a 50 day simple moving average of $74.30 and a two-hundred day simple moving average of $73.56.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, June 5th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%.The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. Research analysts anticipate that Toro Company will post 4.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. DA Davidson raised Toro from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $93.00 in a research report on Monday. Longbow Research raised Toro from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday. Northland Securities reissued a “market perform” rating and issued a $80.00 target price (down previously from $100.00) on shares of Toro in a research report on Friday, June 6th. Raymond James Financial decreased their target price on Toro from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, June 6th. Finally, Northland Capmk lowered shares of Toro from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 6th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.60.

Insider Activity at Toro

In other news, Director Gary Lee Ellis sold 5,038 shares of the 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 directly owned 34,062 shares in the company, valued at approximately $2,411,930.22. This represents a 12.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $425,940.00. Following the transaction, the vice president owned 11,646 shares of the company’s stock, valued at $826,749.54. This represents a 34.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

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.