Engineers Gate Manager LP Acquires 32,003 Shares of Toro Company (The) $TTC

Engineers Gate Manager LP increased its holdings in Toro Company (The) (NYSE:TTC) by 73.9% in the second quarter, HoldingsChannel.com reports. The fund owned 75,330 shares of the company’s stock after acquiring an additional 32,003 shares during the period. Engineers Gate Manager LP’s holdings in Toro were worth $7,339,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. purchased a new position in Toro during the 1st quarter valued at $39,000. Danske Bank A S purchased a new stake in shares of Toro in the 3rd quarter worth about $46,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Toro by 237.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock valued at $75,000 after purchasing an additional 541 shares in the last quarter. 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 valued at $91,000 after purchasing an additional 714 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Toro during the third quarter valued at about $119,000. Institutional investors own 87.95% of the company’s stock.

Toro Trading Up 0.0%

NYSE TTC opened at $92.75 on Friday. Toro Company has a 12 month low of $67.64 and a 12 month high of $105.18. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. The stock’s fifty day moving average price is $95.86 and its 200-day moving average price is $94.75. The stock has a market cap of $8.78 billion, a P/E ratio of 24.80 and a beta of 0.70.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Toro had a return on equity of 31.86% and a net margin of 7.64%.Toro’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, equities analysts forecast that Toro Company will post 4.64 EPS for the current fiscal year.

Insider Activity

In other news, VP Kurt Svendsen sold 6,600 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the sale, the vice president owned 12,166 shares in the company, valued at $1,132,532.94. This represents a 35.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Edric C. Funk sold 856 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $97.97, for a total transaction of $83,862.32. The disclosure for this sale is available in the SEC filing. Insiders sold 8,128 shares of company stock valued at $763,569 over the last ninety days. Corporate insiders own 1.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Toro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. DA Davidson reduced their target price on Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, September 4th. Robert W. Baird dropped their price target on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Finally, Weiss Ratings raised Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $107.50.

About Toro

The Toro Company (NYSE:TTC) is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro’s product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.