Champlain Investment Partners LLC Sells 126,345 Shares of The Toro Company (NYSE:TTC)

Champlain Investment Partners LLC trimmed its stake in The Toro Company (NYSE:TTC - Free Report) by 7.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,550,336 shares of the company's stock after selling 126,345 shares during the quarter. Champlain Investment Partners LLC owned approximately 1.54% of Toro worth $124,182,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Asset Planning Inc acquired a new stake in shares of Toro in the fourth quarter valued at about $31,000. CIBC Private Wealth Group LLC grew its holdings in Toro by 30.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock valued at $43,000 after buying an additional 127 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Toro by 195.7% during the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock worth $44,000 after buying an additional 362 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Toro by 54.6% in the fourth quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock worth $65,000 after acquiring an additional 285 shares during the last quarter. Finally, Covestor Ltd increased its position in Toro by 60.5% during the fourth quarter. Covestor Ltd now owns 1,181 shares of the company's stock worth $95,000 after acquiring an additional 445 shares during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Price Performance

NYSE:TTC traded down $1.25 during trading hours on Monday, reaching $65.89. The company had a trading volume of 879,204 shares, compared to its average volume of 1,092,636. The firm has a market capitalization of $6.58 billion, a PE ratio of 16.43 and a beta of 0.72. The stock has a 50-day moving average of $73.76 and a two-hundred day moving average of $79.86. The Toro Company has a one year low of $62.34 and a one year 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.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.31%. The ex-dividend date was Monday, March 31st. Toro's dividend payout ratio is currently 38.87%.

Analyst Upgrades and Downgrades

TTC has been the subject of a number of research analyst reports. Northland Securities raised shares of 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. DA Davidson reduced their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Robert W. Baird lowered their price objective on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. StockNews.com lowered Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.