Aviva PLC Buys New Holdings in The Toro Company (NYSE:TTC)

Aviva PLC bought a new position in The Toro Company (NYSE:TTC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 57,644 shares of the company's stock, valued at approximately $4,617,000. Aviva PLC owned approximately 0.06% of Toro at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in Toro by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,959,875 shares of the company's stock valued at $169,639,000 after acquiring an additional 29,105 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Toro by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock valued at $95,123,000 after purchasing an additional 60,068 shares during the last quarter. Amundi grew its holdings in shares of Toro by 30.3% during the 4th quarter. Amundi now owns 1,121,116 shares of the company's stock worth $89,701,000 after purchasing an additional 260,746 shares during the period. King Luther Capital Management Corp increased its position in shares of Toro by 3.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,043,833 shares of the company's stock worth $83,611,000 after purchasing an additional 36,750 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Toro by 3.2% in the 4th quarter. US Bancorp DE now owns 799,385 shares of the company's stock valued at $64,031,000 after buying an additional 24,596 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TTC. Raymond James lowered their target price on shares of Toro from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, December 20th. DA Davidson lowered their price objective on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a research report on Monday, February 24th. Robert W. Baird decreased their price target on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.75.

Toro Stock Down 1.1 %

Toro stock traded down $0.77 during mid-day trading on Tuesday, reaching $67.57. 203,843 shares of the company's stock were exchanged, compared to its average volume of 969,622. 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 Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. The company has a market cap of $6.74 billion, a P/E ratio of 16.85 and a beta of 0.72. The company has a fifty day moving average of $74.82 and a 200-day moving average of $80.41.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Monday, March 31st. Toro's 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.