5,150 Shares in The Toro Company (NYSE:TTC) Purchased by Two Sigma Securities LLC

Two Sigma Securities LLC acquired a new stake in The Toro Company (NYSE:TTC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,150 shares of the company's stock, valued at approximately $413,000.

Several other hedge funds have also recently added to or reduced their stakes in TTC. Integrated Wealth Concepts LLC grew its position in shares of Toro by 69.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 5,550 shares of the company's stock valued at $445,000 after purchasing an additional 2,279 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in Toro by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 39,106 shares of the company's stock valued at $3,132,000 after buying an additional 11,703 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Toro by 95.2% during the 4th quarter. Hsbc Holdings PLC now owns 76,085 shares of the company's stock valued at $6,109,000 after buying an additional 37,107 shares during the last quarter. IHT Wealth Management LLC increased its position in Toro by 7.9% during the fourth quarter. IHT Wealth Management LLC now owns 3,287 shares of the company's stock worth $263,000 after buying an additional 240 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Toro by 20.3% in the fourth quarter. Stifel Financial Corp now owns 274,847 shares of the company's stock worth $22,015,000 after acquiring an additional 46,353 shares during the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TTC shares. DA Davidson decreased their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Northland Securities upgraded shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target for the company in a report on Monday, February 24th. Robert W. Baird cut their price objective on shares of Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Finally, StockNews.com downgraded Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $89.75.

Toro Trading Down 1.3 %

Shares of TTC stock opened at $68.02 on Friday. The firm's 50-day simple moving average is $72.44 and its 200-day simple moving average is $79.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The Toro Company has a 1-year low of $62.34 and a 1-year high of $100.93. The firm has a market cap of $6.79 billion, a P/E ratio of 16.96 and a beta of 0.72.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Monday, March 31st. Toro's dividend payout ratio is currently 38.87%.

Toro Company Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.

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