ExodusPoint Capital Management LP Has $3.91 Million Stock Position in The Toro Company (NYSE:TTC)

ExodusPoint Capital Management LP trimmed its stake in The Toro Company (NYSE:TTC - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,780 shares of the company's stock after selling 13,197 shares during the quarter. ExodusPoint Capital Management LP's holdings in Toro were worth $3,907,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TTC. Pacer Advisors Inc. raised its holdings in shares of Toro by 0.8% in the 4th 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 during the period. Lowe Brockenbrough & Co. Inc. raised its stake in Toro by 1.1% in the fourth 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 during the period. CIBC Private Wealth Group LLC raised its stake 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 buying an additional 127 shares during the period. Northwest Financial Advisors lifted its position in shares of Toro by 2.0% in the fourth quarter. Northwest Financial Advisors now owns 6,945 shares of the company's stock valued at $556,000 after buying an additional 139 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in shares of Toro by 5.0% during the 4th quarter. Savant Capital LLC now owns 3,293 shares of the company's stock worth $264,000 after acquiring an additional 158 shares during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

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Toro Stock Performance

Shares of TTC stock traded up $1.39 on Friday, hitting $68.01. The company's stock had a trading volume of 875,135 shares, compared to its average volume of 971,770. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93. The company has a market capitalization of $6.79 billion, a PE ratio of 16.96 and a beta of 0.72. The stock's 50 day moving average is $75.07 and its 200-day moving average is $80.58. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.24%. Toro's payout ratio is presently 38.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTC. Northland Securities upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target on the stock in a research note on Monday, February 24th. DA Davidson dropped 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. StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Raymond James decreased their price target on shares of 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 Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.