Arrowstreet Capital Limited Partnership Buys Shares of 55,193 The Toro Company (NYSE:TTC)

Arrowstreet Capital Limited Partnership purchased a new stake in The Toro Company (NYSE:TTC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 55,193 shares of the company's stock, valued at approximately $4,421,000. Arrowstreet Capital Limited Partnership owned 0.05% of Toro as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in Toro by 33.6% in the 4th quarter. LPL Financial LLC now owns 57,435 shares of the company's stock valued at $4,601,000 after purchasing an additional 14,433 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Toro by 294.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,652 shares of the company's stock worth $1,975,000 after purchasing an additional 18,401 shares in the last quarter. Quantbot Technologies LP raised its stake in Toro by 111.4% in the fourth quarter. Quantbot Technologies LP now owns 51,945 shares of the company's stock valued at $4,161,000 after purchasing an additional 27,376 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Toro by 5.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock worth $95,123,000 after purchasing an additional 60,068 shares during the period. Finally, Geode Capital Management LLC grew its stake in Toro by 1.5% during the third quarter. Geode Capital Management LLC now owns 1,959,875 shares of the company's stock worth $169,639,000 after buying an additional 29,105 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on TTC. StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a research note on Monday, February 24th. DA Davidson lowered their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Raymond James cut their price objective on Toro from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, December 20th. Finally, Robert W. Baird lowered their target price on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.75.

Toro Stock Up 1.3 %

NYSE TTC traded up $0.87 on Monday, reaching $68.87. The company had a trading volume of 15,557 shares, compared to its average volume of 968,813. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.87 billion, a P/E ratio of 17.09 and a beta of 0.72. The company's fifty day moving average is $75.07 and its 200 day moving average is $80.54. The Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93.

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.38 per share. The ex-dividend date is Monday, March 31st. This represents a $1.52 annualized dividend and a yield of 2.21%. Toro's payout ratio is currently 38.87%.

About Toro

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.