Campbell & CO Investment Adviser LLC Has $2.73 Million Holdings in Toro Company (The) $TTC

Campbell & CO Investment Adviser LLC boosted its holdings in shares of Toro Company (The) (NYSE:TTC) by 46.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,648 shares of the company’s stock after purchasing an additional 12,188 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Toro were worth $2,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TTC. Brooklyn Investment Group increased its stake in shares of Toro by 94.1% in the first quarter. Brooklyn Investment Group now owns 495 shares of the company’s stock valued at $36,000 after buying an additional 240 shares in the last quarter. Financial Harvest LLC bought a new stake in Toro during the 1st quarter worth about $42,000. Allworth Financial LP increased its position in Toro by 91.6% in the 1st quarter. Allworth Financial LP now owns 663 shares of the company’s stock valued at $46,000 after acquiring an additional 317 shares in the last quarter. iA Global Asset Management Inc. bought a new position in shares of Toro in the first quarter worth about $82,000. Finally, Hoese & Co LLP raised its stake in shares of Toro by 1,481.5% in the second quarter. Hoese & Co LLP now owns 1,708 shares of the company’s stock worth $121,000 after acquiring an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTC. Longbow Research raised shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, August 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Northland Securities boosted their target price on Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 9th. Robert W. Baird upped their price target on Toro from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, September 5th. Finally, DA Davidson lifted their price objective on Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Toro presently has an average rating of “Hold” and an average target price of $92.60.

Toro Stock Performance

Shares of Toro stock opened at $72.65 on Monday. The stock’s fifty day simple moving average is $76.57 and its 200 day simple moving average is $74.78. The company has a current ratio of 1.88, a quick ratio of 0.79 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $7.11 billion, a PE ratio of 22.01 and a beta of 0.85. Toro Company has a 12 month low of $62.34 and a 12 month high of $89.50.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, September 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.02. The company 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 revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 earnings per share. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. On average, research analysts predict that Toro Company will post 4.41 EPS for the current year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, October 7th. Toro’s payout ratio is currently 46.06%.

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.