Tidal Investments LLC Buys 10,701 Shares of Toro Company (The) $TTC

Tidal Investments LLC lifted its stake in shares of Toro Company (The) (NYSE:TTC) by 69.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,014 shares of the company’s stock after purchasing an additional 10,701 shares during the quarter. Tidal Investments LLC’s holdings in Toro were worth $2,534,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Pinnacle Bancorp Inc. acquired a new position in Toro in the first quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. grew its stake in Toro by 237.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock worth $75,000 after buying an additional 541 shares in the last quarter. Root Financial Partners LLC increased its holdings in Toro by 277.8% in the 1st quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after buying an additional 714 shares during the period. Eagle Bay Advisors LLC bought a new position in Toro in the 1st quarter valued at about $209,000. Finally, Birchwood Financial Partners Inc. bought a new position in Toro in the 4th quarter valued at about $215,000. Institutional investors own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DA Davidson cut their price target on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a report on Friday, September 4th. Wall Street Zen cut shares of Toro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Robert W. Baird lowered their price objective 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. Finally, Weiss Ratings upgraded Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $107.50.

Insider Buying and Selling

In other Toro news, COO Edric C. Funk sold 856 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $97.97, for a total value of $83,862.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kurt Svendsen sold 6,600 shares of the company’s 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 owned 12,166 shares of the company’s stock, valued at $1,132,532.94. This trade represents a 35.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 8,128 shares of company stock valued at $763,569. 1.88% of the stock is owned by corporate insiders.

Toro Stock Performance

Toro stock opened at $93.26 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The stock has a market cap of $8.83 billion, a PE ratio of 24.94 and a beta of 0.70. Toro Company has a 12-month low of $67.64 and a 12-month high of $105.18. The business’s 50-day moving average price is $95.76 and its two-hundred day moving average price is $94.61.

Toro (NYSE:TTC) last posted its 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. Toro had a net margin of 7.64% and a return on equity of 31.86%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, analysts expect that Toro Company will post 4.64 earnings per share for the current fiscal year.

Toro 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.