The Toro Company (NYSE:TTC) Holdings Raised by Nuance Investments LLC

Nuance Investments LLC grew its position in The Toro Company (NYSE:TTC - Free Report) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,160 shares of the company's stock after purchasing an additional 50,103 shares during the period. Toro makes up approximately 1.2% of Nuance Investments LLC's holdings, making the stock its 22nd largest holding. Nuance Investments LLC owned approximately 0.38% of Toro worth $30,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Empowered Funds LLC grew its stake in shares of Toro by 7.1% in the third quarter. Empowered Funds LLC now owns 2,366 shares of the company's stock valued at $205,000 after buying an additional 156 shares in the last quarter. Quest Partners LLC grew its position in Toro by 62,750.0% in the third quarter. Quest Partners LLC now owns 3,771 shares of the company's stock valued at $327,000 after acquiring an additional 3,765 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Toro by 2.5% during the third quarter. PNC Financial Services Group Inc. now owns 19,492 shares of the company's stock valued at $1,691,000 after purchasing an additional 478 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Toro during the third quarter worth $1,261,000. Finally, Citigroup Inc. boosted its stake in shares of Toro by 27.1% in the third quarter. Citigroup Inc. now owns 69,580 shares of the company's stock valued at $6,035,000 after purchasing an additional 14,826 shares during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target for the company in a report on Monday, February 24th. StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Robert W. Baird lowered their target price on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, Raymond James dropped their price objective on shares of Toro from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, December 20th. Three 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.75.

Toro Price Performance

TTC stock traded down $1.56 during trading on Friday, hitting $73.29. The company had a trading volume of 821,667 shares, compared to its average volume of 947,186. The business has a 50 day moving average of $79.00 and a 200 day moving average of $81.97. 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 capitalization of $7.32 billion, a price-to-earnings ratio of 18.28 and a beta of 0.70. The Toro Company has a fifty-two week low of $71.23 and a fifty-two week high of $100.93.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.52 annualized dividend and a yield of 2.07%. Toro's dividend payout ratio is currently 38.87%.

Toro declared that its board has authorized a stock buyback plan on Tuesday, December 10th that allows the company to buyback 4,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

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.