Parallel Advisors LLC Sells 15,328 Shares of Toro Company (The) $TTC

Parallel Advisors LLC lowered its stake in Toro Company (The) (NYSE:TTC) by 55.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,379 shares of the company’s stock after selling 15,328 shares during the period. Parallel Advisors LLC’s holdings in Toro were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Toro by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after buying an additional 124,373 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Toro by 14,306.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock worth $3,634,000 after purchasing an additional 47,353 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Toro by 17.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company’s stock worth $7,975,000 after acquiring an additional 16,854 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Toro by 193.8% during the third quarter. SG Americas Securities LLC now owns 21,019 shares of the company’s stock valued at $1,602,000 after purchasing an additional 13,865 shares during the period. Finally, Natixis Advisors LLC grew its stake in Toro by 84.1% in the 3rd quarter. Natixis Advisors LLC now owns 25,992 shares of the company’s stock worth $1,981,000 after acquiring an additional 11,870 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Toro Stock Down 0.9%

Shares of NYSE:TTC opened at $98.90 on Wednesday. Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $105.18. The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75. The firm’s 50-day simple moving average is $93.59 and its 200-day simple moving average is $81.87. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 29.61 and a beta of 0.80.

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

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.