Advisors Asset Management Inc. Has $180,000 Stock Holdings in Toro Company (The) $TTC

Advisors Asset Management Inc. lessened its holdings in Toro Company (The) (NYSE:TTC) by 69.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,475 shares of the company’s stock after selling 5,532 shares during the period. Advisors Asset Management Inc.’s holdings in Toro were worth $180,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TTC. Baird Financial Group Inc. raised its position in Toro by 5.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,396 shares of the company’s stock worth $352,000 after purchasing an additional 220 shares in the last quarter. Focus Partners Wealth acquired a new position in Toro in the fourth quarter worth about $220,000. OMERS ADMINISTRATION Corp raised its position in Toro by 20.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 4,350 shares of the company’s stock worth $348,000 after purchasing an additional 737 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Toro in the fourth quarter worth about $1,091,000. Finally, Nissay Asset Management Corp Japan ADV raised its position in Toro by 18.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 24,746 shares of the company’s stock worth $2,005,000 after purchasing an additional 3,791 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. DA Davidson raised their price objective on shares of Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Longbow Research raised shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, August 25th. Raymond James Financial dropped their price objective on shares of Toro from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, June 6th. Northland Capmk lowered shares of Toro from a “strong-buy” rating to a “hold” rating in a report on Friday, June 6th. Finally, Robert W. Baird raised their price objective on shares of 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 given a Hold rating to the company’s stock. According to MarketBeat, Toro has a consensus rating of “Moderate Buy” and a consensus target price of $92.60.

Insider Transactions at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the firm’s 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 directly owned 11,646 shares of the company’s stock, valued at approximately $826,749.54. This trade represents a 34.00% 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 the SEC website. Insiders own 0.39% of the company’s stock.

Toro Price Performance

Shares of TTC stock opened at $79.35 on Friday. Toro Company has a 52-week low of $62.34 and a 52-week high of $89.50. The stock has a market cap of $7.77 billion, a PE ratio of 24.05 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 1.88. The firm’s 50 day moving average price is $76.69 and its two-hundred day moving average price is $73.61.

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

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.