IFM Investors Pty Ltd Has $1.55 Million Holdings in Toro Company (The) $TTC

by · The Cerbat Gem

IFM Investors Pty Ltd increased its position in shares of Toro Company (The) (NYSE:TTC – Free Report) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,279 shares of the company’s stock after acquiring an additional 1,207 shares during the quarter. IFM Investors Pty Ltd’s holdings in Toro were worth $1,548,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Toro by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 10,495,037 shares of the company’s stock valued at $763,514,000 after buying an additional 169,865 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Toro by 16.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company’s stock valued at $595,649,000 after buying an additional 1,156,314 shares during the period. AQR Capital Management LLC increased its stake in Toro by 1,184.6% in the 1st quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company’s stock valued at $142,827,000 after buying an additional 1,810,429 shares during the period. Dimensional Fund Advisors LP increased its stake in Toro by 39.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company’s stock valued at $111,654,000 after buying an additional 434,257 shares during the period. Finally, King Luther Capital Management Corp increased its stake in Toro by 3.2% in the 1st quarter. King Luther Capital Management Corp now owns 1,077,753 shares of the company’s stock valued at $78,407,000 after buying an additional 33,920 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Stock Performance

Shares of TTC opened at $79.35 on Friday. The company’s fifty day moving average is $76.69 and its 200-day moving average is $73.61. 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 price-to-earnings ratio of 24.05 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 1.88 and a debt-to-equity ratio of 0.72.

Toro (NYSE:TTC – Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The company reported $1.24 EPS for the quarter, topping 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $1.18 EPS. Toro’s quarterly revenue was down 2.2% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. Equities analysts expect that Toro Company will post 4.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTC. DA Davidson upped their price objective on shares of Toro from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Raymond James Financial dropped their price objective on shares of Toro from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, June 6th. Robert W. Baird upped their price objective on shares of Toro from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, September 5th. Northland Securities upped their price objective on shares of Toro from $80.00 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Longbow Research upgraded shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, August 25th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.60.

Get Our Latest Stock Analysis on TTC

Insider Activity at Toro

In other news, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the transaction, the vice president owned 11,646 shares in the company, valued at $826,749.54. This represents a 34.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by company insiders.

About Toro

(Free Report)

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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