Toro Company (The) $TTC Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of Toro Company (The) (NYSE:TTC) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 276,203 shares of the company’s stock after selling 6,077 shares during the quarter. Rhumbline Advisers’ holdings in Toro were worth $19,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its stake in Toro by 4.2% in the first quarter. Cetera Investment Advisers now owns 6,936 shares of the company’s stock valued at $505,000 after buying an additional 282 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Toro by 46.7% in the 1st quarter. HB Wealth Management LLC now owns 5,185 shares of the company’s stock valued at $377,000 after acquiring an additional 1,650 shares during the last quarter. LPL Financial LLC boosted its holdings in Toro by 4.4% in the first quarter. LPL Financial LLC now owns 59,986 shares of the company’s stock valued at $4,364,000 after purchasing an additional 2,551 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Toro during the first quarter worth about $522,000. Finally, XTX Topco Ltd grew its stake in shares of Toro by 67.7% during the 1st quarter. XTX Topco Ltd now owns 23,340 shares of the company’s stock worth $1,698,000 after purchasing an additional 9,422 shares during the period. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Price Performance

NYSE:TTC opened at $70.39 on Friday. Toro Company has a 52 week low of $62.34 and a 52 week high of $89.50. The stock’s fifty day moving average is $73.89 and its two-hundred day moving average is $74.78. The company has a market capitalization of $6.89 billion, a P/E ratio of 21.33 and a beta of 0.85. 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) last issued its quarterly earnings data on Thursday, September 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.02. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.16 billion. Toro had a return on equity of 28.98% and a net margin of 7.37%.The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the company earned $1.18 EPS. 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 year.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, October 7th. Toro’s payout ratio is 46.06%.

Analyst Ratings Changes

A number of research firms have recently commented on TTC. DA Davidson raised their target price on Toro from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Longbow Research upgraded shares of 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, August 25th. Robert W. Baird lifted their price objective on Toro from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, September 5th. Northland Securities lifted their price target on Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, September 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $92.60.

Toro 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.