Entropy Technologies LP Reduces Stake in Toro Company (The) $TTC

Entropy Technologies LP lessened its holdings in shares of Toro Company (The) (NYSE:TTC) by 88.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,500 shares of the company’s stock after selling 18,644 shares during the period. Entropy Technologies LP’s holdings in Toro were worth $234,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. increased its stake in Toro by 4.0% in the first quarter. Hillsdale Investment Management Inc. now owns 57,830 shares of the company’s stock valued at $5,404,000 after purchasing an additional 2,200 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Toro during the 1st quarter worth approximately $209,000. Root Financial Partners LLC lifted its position in shares of Toro by 277.8% during the 1st quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock worth $91,000 after buying an additional 714 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new position in shares of Toro in the 1st quarter valued at $39,000. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of Toro by 70.8% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,427 shares of the company’s stock valued at $507,000 after buying an additional 2,249 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Insider Activity at Toro

In other Toro news, COO Edric C. Funk sold 527 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $97.97, for a total transaction of $51,630.19. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary Lee Ellis sold 4,951 shares of Toro stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total transaction of $455,046.41. Following the completion of the transaction, the director owned 35,297 shares in the company, valued at approximately $3,244,147.27. This represents a 12.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,934 shares of company stock worth $1,204,933 in the last 90 days. 1.88% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TTC shares. Weiss Ratings downgraded shares of Toro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Robert W. Baird reduced their price target on shares of Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Toro has a consensus rating of “Hold” and an average target price of $101.75.

Toro Trading Up 0.3%

NYSE:TTC opened at $91.90 on Friday. The company has a market capitalization of $8.75 billion, a PE ratio of 26.48 and a beta of 0.68. Toro Company has a 52-week low of $67.64 and a 52-week high of $105.18. The stock’s 50 day moving average price is $92.94 and its 200 day moving average price is $94.07. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Toro (NYSE:TTC) last issued its quarterly earnings data 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. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Toro had a return on equity of 31.13% and a net margin of 7.29%.The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 earnings per share. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, research analysts anticipate that Toro Company will post 4.6 EPS for the current year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 16th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 16th. Toro’s payout ratio is presently 44.96%.

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.