MetLife Investment Management LLC Acquires 4,149 Shares of The Toro Company (NYSE:TTC)

MetLife Investment Management LLC raised its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,845 shares of the company's stock after acquiring an additional 4,149 shares during the period. MetLife Investment Management LLC owned about 0.06% of Toro worth $4,633,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in Toro in the third quarter worth $592,000. SkyView Investment Advisors LLC increased its holdings in shares of Toro by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 10,168 shares of the company's stock worth $882,000 after buying an additional 298 shares during the period. Tidal Investments LLC lifted its stake in shares of Toro by 79.2% in the 3rd quarter. Tidal Investments LLC now owns 17,646 shares of the company's stock valued at $1,530,000 after acquiring an additional 7,798 shares during the last quarter. Franklin Resources Inc. grew its position in Toro by 27.8% during the 3rd quarter. Franklin Resources Inc. now owns 47,912 shares of the company's stock worth $3,989,000 after acquiring an additional 10,409 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Toro in the 4th quarter worth approximately $208,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Stock Down 0.0 %

TTC traded down $0.01 on Tuesday, hitting $68.73. The company had a trading volume of 440,295 shares, compared to its average volume of 971,142. The stock has a fifty day simple moving average of $72.16 and a 200-day simple moving average of $79.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The firm has a market capitalization of $6.86 billion, a P/E ratio of 17.13 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.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given 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 2.21%. Toro's dividend payout ratio is presently 38.87%.

Analyst Ratings Changes

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