Russell Investments Group Ltd. grew its position in shares of The Toro Company (NYSE:TTC - Free Report) by 70.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,939 shares of the company's stock after buying an additional 37,714 shares during the period. Russell Investments Group Ltd. owned 0.09% of Toro worth $7,284,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted 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 worth $1,225,000 after purchasing an additional 120 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in Toro by 1.1% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company's stock valued at $923,000 after purchasing an additional 127 shares during the last quarter. CIBC Private Wealth Group LLC lifted 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 worth $43,000 after acquiring an additional 127 shares during the period. Northwest Financial Advisors raised its stake in Toro by 2.0% in the fourth quarter. Northwest Financial Advisors now owns 6,945 shares of the company's stock worth $556,000 after buying an additional 139 shares in the last quarter. Finally, Savant Capital LLC boosted its position in shares of Toro by 5.0% during the fourth quarter. Savant Capital LLC now owns 3,293 shares of the company's stock valued at $264,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 87.95% of the company's stock.
Toro Stock Performance
Toro stock traded down $0.94 during midday trading on Wednesday, hitting $66.52. 874,118 shares of the company were exchanged, compared to its average volume of 972,933. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The firm has a market capitalization of $6.64 billion, a PE ratio of 16.59 and a beta of 0.72. The business has a fifty day simple moving average of $74.55 and a two-hundred day simple moving average of $80.32. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93.
Toro Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.52 annualized dividend and a dividend yield of 2.29%. Toro's payout ratio is 38.87%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on TTC shares. Northland Securities upgraded shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective for the company in a research note on Monday, February 24th. Robert W. Baird decreased 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. Raymond James dropped their price target on Toro from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, December 20th. 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. Finally, Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Three 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $89.75.
Read Our Latest Research Report on Toro
Toro Company Profile
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Free Report)
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.
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