Selling Buzz: The Toro Company [TTC] Group VP, Construction & RLC Rodier Richard W sells 4,000 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The Toro Company shares valued at $317,200 were sold by Rodier Richard W on Jun 15. At $79.30 per share, Rodier Richard W sold 4,000 shares. The insider’s holdings dropped to 23,696 shares worth approximately $1.79 million following the completion of this transaction.

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Also, Ellis Gary Lee sold 6,842 shares, netting a total of over 569,514 in proceeds. Following the sale of shares at $83.24 each, the insider now holds 31,169 shares.

Before that, COOPER JANET KATHERINE had sold 5,192 shares from its account. In a trade valued at $449,523, the Director traded The Toro Company shares for $86.58 each. Upon closing the transaction, the insider’s holdings decreased to 5,192 shares, worth approximately $54176.520000000004.

As published in a research note from BofA Securities on October 27, 2021, The Toro Company [TTC] has been rated down from a Neutral to an Underperform and the price target has been revised to $85 from $118. This represents a 11.11% premium over Thursday’s closing price. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of January 04, 2021, BofA Securities has initiated its “Neutral” rating for TTC. Earlier on September 04, 2020, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for TTC stock which previously was a “a Neutral”.

Analyzing TTC’s Price Performance

On Thursday, The Toro Company [NYSE: TTC] rose 0.39% to $75.56. The stock’s lowest price that day was $73.95, but it reached a high of $75.86 in the same session. During the last five days, there has been a drop of approximately -5.10%. Over the course of the year, The Toro Company shares have dropped approximately -24.37%. Shares of the company reached a 52-week high of $103.10 on 01/05/22 and a 52-week low of $71.86 on 06/22/22. A 50-day SMA is recorded $80.88, while a 200-day SMA reached $92.64. Nevertheless, trading volume fell to 1.56 million shares from 1.05 million shares the previous day.

Support And Resistance Levels for The Toro Company (TTC)

According to the 24-hour chart, there is a support level at 74.39, which, if violated, would cause prices to drop to 73.21. In the upper region, resistance lies at 76.30. The next price resistance is at 77.03. RSI (Relative Strength Index) is 39.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.07, which suggests the price will decrease in the coming days. Percent R is at 77.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of The Toro Company (TTC)?

According to The Vanguard Group, Inc. filings, the company currently owns 10,093,536 shares, which is about 9.62% of the total TTC shares outstanding. The investor’s shares have plunged by -320,836 from its previous 13-F filing of 10414372.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $681,704,289. Select Equity Group LP acquire a 13.89% interest valued at $434.69 million while T. Rowe Price Associates, Inc. sold a -1,718,993 stake. A total of 514,970 shares of The Toro Company were sold by Victory Capital Management, Inc. during the quarter, and -76,579 were sold by Kayne Anderson Rudnick Investment. In its current portfolio, Mairs & Power, Inc. holds 2,955,871 shares valued at $243.83 million.

In terms of The Toro Company share price expectations, FactSet research, analysts set an average price target of $96.00 in the next 12 months, up nearly 27.54% from the previous closing price of $75.27. Analysts anticipate The Toro Company stock to reach $96.00 by 2022, with the lowest price target being $96.00. In spite of this, 5 analysts ranked The Toro Company stock as a Hold at the end of 2022.


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