Toro Company (The) $TTC Stock Holdings Lessened by Parallel Advisors LLC

Parallel Advisors LLC decreased its position in Toro Company (The) (NYSE:TTC) by 55.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,379 shares of the company’s stock after selling 15,328 shares during the quarter. Parallel Advisors LLC’s holdings in Toro were worth $943,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TTC. Davis Capital Management bought a new stake in shares of Toro in the 3rd quarter worth approximately $42,000. MTM Investment Management LLC acquired a new position in Toro in the second quarter valued at about $85,000. Quent Capital LLC acquired a new position in shares of Toro in the 3rd quarter valued at $97,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Toro during the 3rd quarter valued at about $216,000. Finally, GAMMA Investing LLC increased its stake in Toro by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,155 shares of the company’s stock worth $240,000 after purchasing an additional 237 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Down 0.9%

TTC stock opened at $98.90 on Wednesday. Toro Company has a 52 week low of $62.34 and a 52 week high of $105.18. The company has a market capitalization of $9.59 billion, a PE ratio of 29.61 and a beta of 0.80. The company’s 50-day simple moving average is $93.59 and its 200 day simple moving average is $81.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts anticipate that Toro Company will post 4.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James Financial downgraded Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. DA Davidson lifted their target price on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen raised Toro from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Robert W. Baird boosted their price target on Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $100.40.

Toro Company 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.