Toro Company (The) $TTC Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its position in shares of Toro Company (The) (NYSE:TTCFree Report) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,082 shares of the company’s stock after selling 34,715 shares during the quarter. Van ECK Associates Corp owned approximately 0.37% of Toro worth $34,008,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TTC. Pinnacle Bancorp Inc. acquired a new stake in Toro during the first quarter valued at $39,000. Danske Bank A S purchased a new stake in shares of Toro during the 3rd quarter worth about $46,000. Root Financial Partners LLC boosted its stake in shares of Toro by 277.8% during the 1st quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock worth $91,000 after acquiring an additional 714 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Toro during the 3rd quarter valued at about $119,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Toro in the 1st quarter valued at about $209,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toro

In other news, VP Kurt D. Svendsen sold 6,600 shares of Toro stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total value of $614,394.00. Following the sale, the vice president directly owned 12,166 shares of the company’s stock, valued at $1,132,532.94. The trade was a 35.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Edric C. Funk sold 856 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $97.97, for a total value of $83,862.32. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,934 shares of company stock valued at $1,204,933 over the last quarter. 1.88% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TTC shares. Robert W. Baird reduced their price target on Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Weiss Ratings raised Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.33.

Read Our Latest Stock Report on TTC

Toro Stock Up 0.1%

Shares of NYSE TTC opened at $99.14 on Monday. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 28.57 and a beta of 0.69. The company’s 50-day simple moving average is $96.02 and its 200-day simple moving average is $95.06. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Toro Company has a 52-week low of $67.64 and a 52-week high of $105.18.

Toro (NYSE:TTCGet Free Report) last released its quarterly earnings results on Thursday, June 4th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.10. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. Toro had a net margin of 7.29% and a return on equity of 31.13%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. Equities analysts predict that Toro Company will post 4.6 EPS for the current fiscal year.

Toro Profile

(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

Want to see what other hedge funds are holding TTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toro Company (The) (NYSE:TTCFree Report).

Institutional Ownership by Quarter for Toro (NYSE:TTC)

Receive News & Ratings for Toro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro and related companies with MarketBeat.com's FREE daily email newsletter.