Envestnet Asset Management Inc. Has $24.25 Million Stock Position in The Toro Company (NYSE:TTC)

Envestnet Asset Management Inc. lifted its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,702 shares of the company's stock after buying an additional 41,615 shares during the quarter. Envestnet Asset Management Inc. owned about 0.30% of Toro worth $24,246,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Toro by 1.5% during the 3rd 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 grew its stake in shares of 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. Amundi increased its holdings in Toro by 30.3% in the fourth quarter. Amundi now owns 1,121,116 shares of the company's stock valued at $89,701,000 after purchasing an additional 260,746 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Toro by 3.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,043,833 shares of the company's stock valued at $83,611,000 after buying an additional 36,750 shares during the period. Finally, US Bancorp DE boosted its holdings in Toro by 3.2% during the fourth quarter. US Bancorp DE now owns 799,385 shares of the company's stock worth $64,031,000 after buying an additional 24,596 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

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Toro Stock Down 1.4 %

Shares of Toro stock traded down $0.94 during trading on Wednesday, reaching $66.52. The stock had a trading volume of 874,118 shares, compared to its average volume of 972,164. 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 company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 16.59 and a beta of 0.72. The Toro Company has a 52 week low of $62.34 and a 52 week high of $100.93. The stock has a fifty day moving average price of $74.55 and a two-hundred day moving average price of $80.32.

Toro Dividend Announcement

The firm 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. The ex-dividend date was Monday, March 31st. This represents a $1.52 annualized dividend and a dividend yield of 2.29%. Toro's dividend payout ratio is currently 38.87%.

Wall Street Analyst Weigh In

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

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.