Toro Company (The) $TTC Position Boosted by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lifted its stake in Toro Company (The) (NYSE:TTC) by 46.1% in the second quarter, according to its most recent disclosure 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 quarter. Campbell & CO Investment Adviser LLC’s holdings in Toro were worth $2,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its stake in 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 acquiring an additional 240 shares during the last quarter. Versor Investments LP boosted its position in Toro by 3.1% during the first quarter. Versor Investments LP now owns 8,400 shares of the company’s stock worth $611,000 after purchasing an additional 253 shares during the period. Cetera Investment Advisers raised its position in shares of 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 purchasing an additional 282 shares during the period. Allworth Financial LP raised its position in shares of Toro by 91.6% in the first quarter. Allworth Financial LP now owns 663 shares of the company’s stock valued at $46,000 after purchasing an additional 317 shares during the period. Finally, Argent Trust Co lifted its stake in shares of Toro by 7.5% in the first quarter. Argent Trust Co now owns 6,429 shares of the company’s stock worth $468,000 after buying an additional 446 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TTC. Robert W. Baird lifted their target price on shares of Toro from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, September 5th. Northland Securities increased their target price on Toro from $80.00 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, September 9th. 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 note on Monday, August 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Finally, DA Davidson boosted their price objective on shares of Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Toro has a consensus rating of “Hold” and a consensus price target of $92.60.

Toro Stock Performance

NYSE:TTC opened at $72.65 on Monday. The firm has a market capitalization of $7.11 billion, a PE ratio of 22.01 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 Company has a 12-month low of $62.34 and a 12-month high of $89.50. The firm has a 50-day moving average price of $76.57 and a 200 day moving average price of $74.78.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, September 4th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.02. Toro had a return on equity of 28.98% and a net margin of 7.37%.The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. Research analysts anticipate that Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.1%. Toro’s dividend payout ratio (DPR) is presently 46.06%.

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.