The Vanguard Group, Inc. has recently announced that it has increased stake in The Toro Company (NYSE:TTC) by 0.34%. After grabbing 10.18 million shares, the institutional investor is now in possession of 34008.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 9.77% having worth around $1.07 billion. Moreover, BlackRock Fund Advisors increased its share by 23923.0 to have a control over 8.34 million shares. And Victory Capital Management, Inc. raised its holdings to 0.23 million shares by acquiring 4.43 million shares or 4.25% of the stake.
The Toro Company (TTC) concluded trading on 11/23/22 at a closing price of $111.60, with 0.47 million shares of worth about $52.35 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.18% during that period and on Wednesday the price saw a gain of about 0.03%. Currently the company’s common shares owned by public are about 104.83M shares, out of which, 103.87M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 88 times over the past 12 months. They bought 132,217 shares in 50 of the transactions. In 38 selling transactions, insiders dumped 78,616 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Victory Sycamore Established Valu are the top 3 mutual funds which are holding stakes in The Toro Company iShares Core S&P Mid Cap ETF is currently holding 3.14 million shares of worth totaling $331.32 million. The company recently came buying 1222.0 shares which brought its stake up to 3.02% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 16005.0 shares, after which its hold over company’s outstanding shares expand to 3.01%, leaving 3.14 million shares with the mutual fund that have a worth of about $331.11 million. Victory Sycamore Established Valu, after buying 3.06 million shares, have now control over 2.93% of the stake in the company. It holds 0.49 million shares of worth $322.09 million.
However, the stock later moved at a day high price of 112.85, or with a gain of 0.03%. Stock saw a price change of 0.23% in past 5 days and over the past one month there was a price change of 11.29%. Year-to-date (YTD), TTC shares are showing a performance of 11.70% which increased to 7.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $71.86 but also hit the highest price of $113.37 during that period. The average intraday trading volume for The Toro Company shares is 490.68K. The stock is currently trading 3.17% above its 20-day simple moving average (SMA20), while that difference is up 13.46% for SMA50 and it goes to 26.63% higher than SMA200.
The Vanguard Group, Inc. acquired 10.18 million shares of The Toro Company having value of about $1.07 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 34008.0 shares in the company valued at close to $3795292.8, or have control over 0.34% stake in the company. The Toro Company (NYSE: TTC) currently have 104.83M outstanding shares and institutions hold larger chunk of about 88.70% of that. Holding of mutual funds in the company is about 5.47% while other institutional holders and individual stake holders have control over 53.92% and 33.64% of the stake respectively.
The stock has a current market capitalization of $11.58B and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 30.64, while it has posted earnings per share of $3.64 in the same period. Its PEG reads 3.00 and has Quick Ratio of 0.70 while making debt-to-equity ratio of 0.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TTC, volatility over the week remained 1.60% while standing at 2.22% over the month.
Analysts are in expectations that The Toro Company (TTC) stock would likely to be making an EPS of $1.06 in the current quarter, while forecast for next quarter EPS is $1.02 and it is $4.89 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.02 which is $1.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.56 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 24.50% while it is estimated to increase by 18.83% in next year. EPS is likely to shrink at an annualized rate of 10.20% for next 5-years, compared to annual growth of 12.90% made by the stock over the past 5-years.
Coverage by BofA Securities stated The Toro Company (TTC) stock as an Underperform in their note to investors on October 27, 2021, suggesting a price target of $85 for the stock. On August 19, 2021, Robert W. Baird Downgrade their recommendations, while on January 04, 2021, BofA Securities Initiated their ratings for the stock with a price target of $102. Stock get an Outperform rating from Robert W. Baird on September 04, 2020.