The Toro Company (NYSE:TTC) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its stake in The Toro Company (NYSE:TTC - Free Report) by 33.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,435 shares of the company's stock after buying an additional 14,433 shares during the period. LPL Financial LLC owned approximately 0.06% of Toro worth $4,601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TTC. Asset Planning Inc purchased a new position in Toro during the 4th quarter valued at about $31,000. Venturi Wealth Management LLC increased its stake in shares of Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock worth $44,000 after purchasing an additional 362 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock worth $65,000 after purchasing an additional 285 shares during the last quarter. PrairieView Partners LLC lifted its stake in Toro by 14.7% in the 4th quarter. PrairieView Partners LLC now owns 1,547 shares of the company's stock valued at $123,000 after buying an additional 198 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in Toro by 87.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,657 shares of the company's stock valued at $133,000 after buying an additional 772 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Down 1.2 %

TTC traded down $0.81 during midday trading on Tuesday, hitting $67.53. The company's stock had a trading volume of 125,118 shares, compared to its average volume of 1,099,614. The Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. The firm has a 50-day moving average price of $74.82 and a two-hundred day moving average price of $80.41. 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 firm has a market cap of $6.74 billion, a P/E ratio of 16.84 and a beta of 0.72.

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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 issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 2.25%. Toro's payout ratio is 38.87%.

Analyst Ratings Changes

TTC has been the topic of several recent research reports. Northland Securities upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective on the stock in a research report on Monday, February 24th. Robert W. Baird reduced their target price 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 lowered their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. StockNews.com lowered shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Toro presently has an average rating of "Moderate Buy" and an average target price of $89.75.

Toro 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.