Bank of Montreal Can Has $3.53 Million Stock Holdings in The Toro Company (NYSE:TTC)

Bank of Montreal Can lessened its stake in The Toro Company (NYSE:TTC - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,055 shares of the company's stock after selling 17,329 shares during the period. Bank of Montreal Can's holdings in Toro were worth $3,529,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTC. Pacer Advisors Inc. boosted its holdings in Toro by 0.8% during the fourth quarter. Pacer Advisors Inc. now owns 15,298 shares of the company's stock valued at $1,225,000 after purchasing an additional 120 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake in Toro by 1.1% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company's stock valued at $923,000 after buying an additional 127 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Toro by 30.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock valued at $43,000 after acquiring an additional 127 shares during the period. Northwest Financial Advisors raised its stake in Toro by 2.0% during the fourth quarter. Northwest Financial Advisors now owns 6,945 shares of the company's stock worth $556,000 after acquiring an additional 139 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of Toro by 5.0% during the fourth quarter. Savant Capital LLC now owns 3,293 shares of the company's stock valued at $264,000 after acquiring an additional 158 shares during the period. 87.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TTC has been the subject of a number of recent analyst reports. DA Davidson dropped their target price 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. StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. 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 report on Friday, March 7th. Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Finally, Northland Securities upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toro presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.75.

Toro Trading Down 1.9 %

TTC stock traded down $1.25 during trading on Monday, hitting $65.89. The company had a trading volume of 879,469 shares, compared to its average volume of 975,329. The firm has a 50-day moving average price of $73.49 and a 200-day moving average price of $79.74. The Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93. 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 cap of $6.58 billion, a price-to-earnings ratio of 16.43 and a beta of 0.72.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, March 31st. Toro's dividend payout ratio (DPR) is presently 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.