Toro Company
About: The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
Employees: 10,706
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
56% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 55
19% more call options, than puts
Call options by funds: $23.5M | Put options by funds: $19.9M
6% more funds holding
Funds holding: 491 [Q1] → 522 (+31) [Q2]
1.24% more ownership
Funds ownership: 92.96% [Q1] → 94.19% (+1.24%) [Q2]
3% more capital invested
Capital invested by funds: $8.89B [Q1] → $9.2B (+$302M) [Q2]
2% more repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 178
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
DA Davidson Michael Shlisky 46% 1-year accuracy 11 / 24 met price target | 8%upside $88 | Neutral Maintained | 9 Sept 2024 |
Northland Capital Markets Ted Jackson 75% 1-year accuracy 6 / 8 met price target | 22%upside $100 | Market Perform Reiterated | 6 Sept 2024 |
Baird Timothy Wojs 76% 1-year accuracy 22 / 29 met price target | 13%upside $92 | Neutral Maintained | 6 Sept 2024 |
Baird Timothy Wojs 76% 1-year accuracy 22 / 29 met price target | 25%upside $102 | Neutral Maintained | 28 Aug 2024 |
