SG Americas Securities LLC Acquires 3,962 Shares of Toro Company (The) $TTC

SG Americas Securities LLC grew its stake in shares of Toro Company (The) (NYSE:TTC) by 124.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,154 shares of the company’s stock after purchasing an additional 3,962 shares during the quarter. SG Americas Securities LLC’s holdings in Toro were worth $506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Toro by 1.6% during the first quarter. Vanguard Group Inc. now owns 10,495,037 shares of the company’s stock valued at $763,514,000 after acquiring an additional 169,865 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Toro by 16.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company’s stock valued at $595,649,000 after purchasing an additional 1,156,314 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Toro by 1,184.6% in the first quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company’s stock worth $142,827,000 after purchasing an additional 1,810,429 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Toro by 39.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company’s stock worth $111,654,000 after buying an additional 434,257 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in Toro by 3.2% during the first quarter. King Luther Capital Management Corp now owns 1,077,753 shares of the company’s stock valued at $78,407,000 after buying an additional 33,920 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

Toro Trading Down 1.4%

TTC stock opened at $70.39 on Thursday. Toro Company has a twelve month low of $62.34 and a twelve month high of $89.50. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 21.33 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. The firm’s fifty day simple moving average is $74.08 and its two-hundred day simple moving average is $74.82.

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

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, October 7th. Toro’s dividend payout ratio is presently 46.06%.

Analysts Set New Price Targets

A number of analysts have issued reports on TTC shares. DA Davidson lifted their price objective on Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Robert W. Baird upped their price target on shares of Toro from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, September 5th. Longbow Research raised shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Monday, August 25th. Finally, Northland Securities boosted their target price on shares of Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, September 9th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Toro currently has a consensus rating of “Hold” and a consensus price target of $92.60.

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.