BlackRock Fund Advisors recently announced the acquisition of new stake in Toro Co. (NYSE:TTC). The institutional investor has increased its shareholding in the Industrials company by 0.35% to 8.77 million shares with purchase of 30601.0 shares. This fresh investment now brings its stake to 8.45% valued currently at $842.14 million. In addition, Select Equity Group LP raised its holdings by 0.16 million to 5.71 million shares. And Kayne Anderson Rudnick Investment has lifted its position by 24.98% or 0.84 million shares – to 4.18 million shares.
With over 0.46 million Toro Co. (TTC) shares trading Friday and a closing price of $89.55 on the day, the dollar volume was approximately $40.87 million. The shares have shown a negative half year performance of -13.84% and its price on 01/12/24 gained nearly 0.13%. Currently, there are 103.84M common shares owned by the public and among those 103.33M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The analysts have set the share’s price value over the next 12 months at a high of $112.00 and a low of $93.00. The average price target is 11.34% above its recent price level and an upside to the estimated low will see the stock gain 3.71% over that period. But an upside of 20.04% will see the stock hit the forecast high price target while median target price for the stock is $100.00.
Insiders at the company have transacted a total of 56 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 93,989 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 79,457 shares.
The top 3 mutual fund holders in Toro Co. are T Rowe Price New Horizons Fund, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF. T Rowe Price New Horizons Fund owns 3.73 million shares of the company’s stock, all valued at over $358.09 million. The company sold 1282.0 shares recently to bring their total holdings to about 3.59% of the shares outstanding. Vanguard Total Stock Market ETF bought 15370.0 shares to see its total holdings expand to 3.27 million shares valued at over $313.68 million and representing 3.15% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 2855.0 shares to bring its total holdings to over 3.16 million shares at a value of $302.86 million. iShares Core S&P Mid Cap ETF now owns shares totaling to 3.04% of the shares outstanding.
Shares of Toro Co. (NYSE: TTC) opened at $89.98, up $0.55 from a prior closing price of $89.43. However, the script later moved the day high at 90.62, up 0.13%. The company’s stock has a 5-day price change of -1.98% and 5.79% over the past three months. TTC shares are trading -6.71% year to date (YTD), with the 12-month market performance down to -22.29% lower. It has a 12-month low price of $78.35 and touched a high of $117.66 over the same period. TTC has an average intraday trading volume of 686.99K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.43%, 2.37%, and -5.70% respectively.
Institutional ownership of Toro Co. (NYSE: TTC) shares accounts for 89.15% of the company’s 103.84M shares outstanding. Mutual fund holders own 5.61%, while other institutional holders and individual stakeholders account for 51.48% and 38.43% respectively.
It has a market capitalization of $9.30B and a beta (3y monthly) value of 0.76. The stock’s trailing 12-month PE ratio is 28.66, while the earnings-per-share (ttm) stands at $3.13. The company has a PEG of 2.81 and a Quick Ratio of 0.75 with the debt-to-equity ratio at 0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.48% over the week and 2.35% over the month.
Analysts forecast that Toro Co. (TTC) will achieve an EPS of $The Trade Desk, Inc. for the current quarter, $66.96 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Truist Financial Corporation while analysts give the company a high EPS estimate of $TotalEnergies SE. Comparatively, EPS for the current quarter was $Solo Brands, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 2.01%, and 9.29% over the next financial year. EPS should grow at an annualized rate of 10.20% over the next five years, compared to 4.32% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Toro Co. (TTC) as a “Moderate Buy” at a consensus score of 2.67. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 4 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TTC, a number of firms have released research notes about the stock. DA Davidson stated their Neutral rating for the stock in a research note on December 05, 2023, with the firm’s price target at $110-$87.
