Barclays PLC Has $9.52 Million Position in The Toro Company (NYSE:TTC)

Barclays PLC trimmed its position in The Toro Company (NYSE:TTC - Free Report) by 56.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,884 shares of the company's stock after selling 151,846 shares during the period. Barclays PLC owned approximately 0.12% of Toro worth $9,522,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Toro by 5.3% in 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. Amundi raised its stake in 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 buying an additional 260,746 shares during the period. King Luther Capital Management Corp lifted its holdings in Toro by 3.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,043,833 shares of the company's stock worth $83,611,000 after acquiring an additional 36,750 shares in the last quarter. US Bancorp DE grew its stake in Toro by 3.2% in the fourth quarter. US Bancorp DE now owns 799,385 shares of the company's stock valued at $64,031,000 after acquiring an additional 24,596 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Toro by 12.0% in the fourth quarter. Wells Fargo & Company MN now owns 684,623 shares of the company's stock worth $54,838,000 after acquiring an additional 73,300 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

Toro Stock Up 1.6 %

Toro stock opened at $66.87 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The Toro Company has a 1-year low of $62.34 and a 1-year high of $100.93. The company has a fifty day simple moving average of $73.23 and a 200 day simple moving average of $79.65. The company has a market cap of $6.67 billion, a P/E ratio of 16.68 and a beta of 0.72.

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Monday, March 31st. Toro's dividend payout ratio is currently 38.87%.

Analyst Upgrades and Downgrades

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

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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