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

Parallel Advisors LLC lowered its stake in shares of Toro Company (The) (NYSE:TTC) by 56.3% in the first quarter, HoldingsChannel.com reports. 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 filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TTC. Hillsdale Investment Management Inc. lifted its holdings in Toro by 379.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock valued at $4,379,000 after acquiring an additional 44,030 shares during the period. LSV Asset Management acquired a new stake in shares of Toro during the 4th quarter worth approximately $1,078,000. SG Americas Securities LLC increased its holdings in shares of Toro by 416.7% during the 1st quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock valued at $6,396,000 after purchasing an additional 55,206 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Toro by 45.2% during the 4th quarter. Farther Finance Advisors LLC now owns 18,108 shares of the company’s stock valued at $1,425,000 after purchasing an additional 5,634 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Toro in the 4th quarter valued at $1,664,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings raised shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Robert W. Baird cut their price objective on shares of Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.75.

Insider Transactions at Toro

In other Toro news, Director Gary Lee Ellis sold 4,951 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was 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 in the company, valued at approximately $3,244,147.27. This trade represents a 12.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kurt D. Svendsen sold 6,600 shares of Toro stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total transaction of $614,394.00. Following the sale, the vice president directly owned 12,166 shares in the company, valued at approximately $1,132,532.94. This trade represents a 35.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,934 shares of company stock valued at $1,204,933 over the last ninety days. Insiders own 1.88% of the company’s stock.

Toro Stock Down 0.9%

TTC stock opened at $98.74 on Tuesday. Toro Company has a 52 week low of $67.64 and a 52 week high of $105.18. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm has a 50-day simple moving average of $93.86 and a 200-day simple moving average of $94.50. The stock has a market capitalization of $9.40 billion, a P/E ratio of 28.46 and a beta of 0.69.

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

Toro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 16th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. Toro’s payout ratio is currently 44.96%.

About Toro

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.