Allworth Financial LP Acquires 150 Shares of Toro Company
January 7, 2023
Trending News ☀️
The Toro Company ($NYSE:TTC) is an American manufacturer of turf maintenance equipment, outdoor power equipment, snow and ice control products, agricultural irrigation equipment, and specialty construction equipment. It is a publicly traded company listed on the New York Stock Exchange (NYSE: TTC). Recently, Allworth Financial LP has acquired 150 shares of Toro Company. Allworth Financial LP is a privately held financial services company that provides asset management services to a variety of clients. It is headquartered in San Francisco, California with offices throughout the US. The acquisition of the Toro Company by Allworth Financial LP is a strategic move that will allow Allworth to diversify its portfolio and increase its market presence in the outdoor power equipment industry. This move will also help Toro Company strategically increase its own presence in the market, as well as solidify its position as a leader in the outdoor power equipment industry. This acquisition by Allworth Financial LP will provide additional resources and expertise to help Toro Company continue to grow and expand its market reach.
Additionally, it will provide a platform for Toro Company to develop new products and services that will help them better serve their customers. With this acquisition, Allworth Financial LP has solidified its position as a leader in the financial services industry and Toro Company has increased its presence in the outdoor power equipment industry. Both companies are poised to benefit from the strategic move, and it will be interesting to see how they continue to develop in the future.
Share Price
The news quickly spread and media coverage of the acquisition was mostly positive. On the day of the announcement, Toro Company‘s stock opened at $113.6 and closed at $113.2. It also indicates that they see potential for significant growth in Toro Company’s stock price over the coming months.
This could lead to more purchases of Toro Company shares, furthering investor confidence in the company. The increased investor confidence could lead to further purchases of Toro Company stock, and hopefully a sustained increase in stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Toro Company. More…
| Total Revenues | Net Income | Net Margin |
| 4.51k | 443.34 | 9.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Toro Company. More…
| Operations | Investing | Financing |
| 297.17 | -548.25 | 42.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Toro Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.56k | 2.2k | 13 |
Key Ratios Snapshot
Some of the financial key ratios for Toro Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.9% | 21.0% | 13.0% |
| FCF Margin | ROE | ROA |
| 3.4% | 27.9% | 10.3% |
VI Analysis
TORO COMPANY is a medium risk investment according to VI Risk Rating. This rating reflects the company’s long term potential in terms of financial and business aspects. The rating is based on a number of factors, such as financial statements, management team, market conditions, competitive environment, product and services, and industry trends. In addition to financial risk, VI App has detected 1 risk warnings in non-financial areas. This could be related to a number of factors, such as corporate governance, legal compliance, operational risks, and more. Investors should register on vi.app to understand these risks fully before investing in TORO COMPANY. Overall, VI Risk Rating provides an overall analysis of TORO COMPANY’s fundamentals and long term potential. Investors should consider the risk ratings and additional risks before investing in the company, and should keep up to date with the company’s performance to make sure their investments are sound. More…
VI Peers
Toro Co is a leading manufacturer of hydraulic elements and systems. Its products are used in a wide range of industries, including construction, agriculture, and automotive. The company has a strong competitive position in the market, with a wide range of products and a strong brand.
However, it faces competition from a number of other companies, including Hydraulic Elements and Systems AD, Cummins Inc, and Groupe SFPI SA.
– Hydraulic Elements and Systems AD ($LTS:0NZ4)
Hydraulic Elements and Systems AD is a leading manufacturer of hydraulic components and systems for a variety of industries. The company has a strong reputation for quality and innovation, and its products are used in a wide range of applications. Hydraulic Elements and Systems AD has a market cap of 113.71M as of 2022, a Return on Equity of 13.72%. The company is a major supplier of hydraulic components and systems for the automotive, construction, and mining industries, among others. Its products are known for their quality and reliability, and the company has a strong commitment to customer satisfaction.
– Cummins Inc ($NYSE:CMI)
Cummins Inc is a global power leader that designs, manufactures, sells and services diesel engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, USA, Cummins employs approximately 62,600 people in about 190 countries and territories.
– Groupe SFPI SA ($LTS:0N9P)
Groupe SFPI is a French holding company that specializes in financial and investment services. The company has a market capitalization of 189.59 million as of 2022 and a return on equity of 12.35%. The company’s core businesses include asset management, private equity, and venture capital. Groupe SFPI also has a minority stake in a number of listed companies, including Credit Agricole and AXA.
Summary
Investing in Toro Company (TTC) is looking promising, as evidenced by Allworth Financial LP’s recent acquisition of 150 of the company’s shares. Analysts seem to be positive on the stock, citing its strong balance sheet, robust earnings and steady dividend payment history as reasons to stay bullish.
Additionally, the company has been able to capitalize on its industry-leading position to expand its portfolio of products and services and increase its market share. Toro Company has also been able to benefit from the strength of its brand and customer loyalty to keep their sales growing. The stock is currently trading at a discount due to the current market conditions, making it an attractive option for long-term investors looking to add some value to their portfolios.
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