Baird Financial Group Inc. Raises Stake in Toro Company (The) $TTC

Baird Financial Group Inc. raised its holdings in Toro Company (The) (NYSE:TTC) by 4,227.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,893 shares of the company’s stock after purchasing an additional 171,828 shares during the quarter. Baird Financial Group Inc.’s holdings in Toro were worth $17,135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TTC. Nykredit A S acquired a new position in Toro in the 2nd quarter valued at $345,000. VELA Investment Management LLC lifted its stake in shares of Toro by 9.6% during the second quarter. VELA Investment Management LLC now owns 30,136 shares of the company’s stock worth $2,936,000 after purchasing an additional 2,633 shares in the last quarter. Corient Private Wealth LP grew its position in Toro by 1,063.5% in the second quarter. Corient Private Wealth LP now owns 187,982 shares of the company’s stock valued at $18,314,000 after acquiring an additional 171,826 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Toro by 18.2% in the second quarter. HighTower Advisors LLC now owns 10,316 shares of the company’s stock valued at $1,005,000 after purchasing an additional 1,586 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Toro during the 2nd quarter valued at $974,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Stock Up 0.0%

Shares of NYSE TTC opened at $92.75 on Friday. The business has a fifty day moving average of $95.86 and a two-hundred day moving average of $94.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. Toro Company has a 52-week low of $67.64 and a 52-week high of $105.18. The stock has a market cap of $8.78 billion, a PE ratio of 24.80 and a beta of 0.70.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The business had revenue of $1.23 billion for 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 revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.24 EPS. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, equities research analysts expect that Toro Company will post 4.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTC has been the topic of a number of research reports. Weiss Ratings upgraded Toro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Robert W. Baird dropped their price target on shares of Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. DA Davidson dropped their price target on Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, September 4th. Finally, Wall Street Zen downgraded shares of Toro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $107.50.

Insiders Place Their Bets

In other Toro news, COO Edric Funk sold 856 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $97.97, for a total value of $83,862.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the vice president directly owned 12,166 shares in the company, valued at approximately $1,132,532.94. This represents a 35.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 8,128 shares of company stock worth $763,569. 1.88% of the stock is currently owned by company insiders.

Toro Company Profile

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.