Parallel Advisors LLC Reduces Holdings in Toro Company (The) $TTC

Parallel Advisors LLC decreased its stake in shares of Toro Company (The) (NYSE:TTC) by 56.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,497 shares of the company’s stock after selling 5,804 shares during the period. Parallel Advisors LLC’s holdings in Toro were worth $420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hillsdale Investment Management Inc. raised its position in shares of Toro by 4.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 57,830 shares of the company’s stock worth $5,404,000 after acquiring an additional 2,200 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Toro in the 1st quarter valued at approximately $209,000. Root Financial Partners LLC boosted its position in shares of Toro by 277.8% during the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after purchasing an additional 714 shares in the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of Toro during the first quarter valued at approximately $39,000. Finally, Fifth Third Wealth Advisors LLC grew its stake in Toro by 70.8% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,427 shares of the company’s stock worth $507,000 after purchasing an additional 2,249 shares during the period. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Price Performance

Shares of NYSE TTC opened at $93.78 on Friday. The company has a 50 day simple moving average of $92.59 and a two-hundred day simple moving average of $93.79. Toro Company has a fifty-two week low of $67.64 and a fifty-two week high of $105.18. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 27.02 and a beta of 0.68. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.56.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, June 4th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Toro had a return on equity of 31.13% and a net margin of 7.29%.The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 EPS. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. Analysts expect that Toro Company will post 4.6 EPS for the current fiscal year.

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 16th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 16th. Toro’s payout ratio is 44.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Robert W. Baird decreased their price objective 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 cut shares of Toro from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.75.

Insider Transactions at Toro

In other news, COO Edric C. Funk sold 527 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $97.97, for a total value of $51,630.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary Lee Ellis sold 4,951 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total value of $455,046.41. Following the transaction, the director owned 35,297 shares of the company’s stock, valued at $3,244,147.27. The trade was a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 12,934 shares of company stock valued at $1,204,933. Insiders own 1.88% of the company’s stock.

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.