Van ECK Associates Corp Trims Holdings in Toro Company (The) $TTC

by · The Markets Daily

Van ECK Associates Corp lowered its stake in shares of Toro Company (The) (NYSE:TTC – Free Report) by 9.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 349,082 shares of the company’s stock after selling 34,715 shares during the period. Van ECK Associates Corp’s holdings in Toro were worth $34,008,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its stake in shares of Toro by 6.0% in the 4th quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock worth $284,000 after acquiring an additional 203 shares during the last quarter. Essential Partners LLC increased its position in Toro by 2.3% during the first quarter. Essential Partners LLC now owns 10,519 shares of the company’s stock worth $983,000 after purchasing an additional 233 shares during the last quarter. GAMMA Investing LLC raised its stake in Toro by 8.4% during the second quarter. GAMMA Investing LLC now owns 4,550 shares of the company’s stock worth $443,000 after purchasing an additional 351 shares during the period. Russell Investments Group Ltd. boosted its holdings in Toro by 0.3% in the 4th quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock valued at $9,889,000 after purchasing an additional 410 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new position in Toro in the 1st quarter valued at about $39,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gary Lee Ellis sold 4,951 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total transaction of $455,046.41. Following the completion of the transaction, the director owned 35,297 shares of the company’s stock, valued at approximately $3,244,147.27. This trade represents a 12.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Edric C. Funk sold 856 shares of Toro stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $97.97, for a total transaction of $83,862.32. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 12,934 shares of company stock valued at $1,204,933. Company insiders own 1.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Robert W. Baird lowered their price objective on Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.33.

Get Our Latest Analysis on Toro

Toro Trading Up 0.1%

NYSE TTC opened at $99.14 on Monday. The firm’s 50-day moving average is $96.02 and its two-hundred day moving average is $95.06. Toro Company has a 12 month low of $67.64 and a 12 month high of $105.18. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.74. The stock has a market capitalization of $9.44 billion, a P/E ratio of 28.57 and a beta of 0.69.

Toro (NYSE:TTC – Get Free Report) last announced its quarterly earnings results on Thursday, June 4th. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. Toro had a net margin of 7.29% and a return on equity of 31.13%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $1.42 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, sell-side analysts anticipate that Toro Company will post 4.6 earnings per share for the current year.

About Toro

(Free Report)

The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.

Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.

Further Reading

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