Van ECK Associates Corp trimmed its position in shares of Toro Company (The) (NYSE:TTC – Free 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
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:TTC – Get 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
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.
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