Parallel Advisors LLC Sells 5,804 Shares of Toro Company (The) $TTC

Parallel Advisors LLC trimmed its position in Toro Company (The) (NYSE:TTC) by 56.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,497 shares of the company’s stock after selling 5,804 shares during the quarter. Parallel Advisors LLC’s holdings in Toro were worth $420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings in Toro by 10.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after acquiring an additional 586 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Toro by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after purchasing an additional 124,373 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Toro in the 1st quarter worth approximately $285,000. Empowered Funds LLC boosted its stake in shares of Toro by 9.8% during the first quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after purchasing an additional 3,464 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Toro by 191.5% during the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after purchasing an additional 4,984 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

Insiders Place Their Bets

In related news, VP Kurt D. Svendsen sold 6,600 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total value of $614,394.00. Following the completion of the transaction, the vice president owned 12,166 shares in the company, valued at $1,132,532.94. This trade represents a 35.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Edric C. Funk sold 856 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $97.97, for a total value of $83,862.32. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 12,934 shares of company stock valued at $1,204,933. Insiders own 1.88% of the company’s stock.

Toro Trading Down 0.9%

Shares of NYSE:TTC opened at $98.74 on Tuesday. The business’s 50-day moving average is $93.86 and its 200 day moving average is $94.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.74. Toro Company has a 1 year low of $67.64 and a 1 year high of $105.18. The firm 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, topping the consensus estimate of $1.50 by $0.10. Toro had a return on equity of 31.13% and a net margin of 7.29%.The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company earned $1.42 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, research analysts predict that Toro Company will post 4.6 earnings per share for the current fiscal year.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 16th were issued 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 dividend payout ratio (DPR) is currently 44.96%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Robert W. Baird lowered their target price on Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Weiss Ratings raised Toro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $101.75.

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.