Stifel Financial Corp Buys 46,353 Shares of The Toro Company (NYSE:TTC)

Stifel Financial Corp increased its position in shares of The Toro Company (NYSE:TTC - Free Report) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,847 shares of the company's stock after acquiring an additional 46,353 shares during the quarter. Stifel Financial Corp owned about 0.27% of Toro worth $22,015,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TTC. Virtu Financial LLC acquired a new position in Toro during the 3rd quarter valued at about $592,000. SkyView Investment Advisors LLC lifted its holdings in Toro by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 10,168 shares of the company's stock valued at $882,000 after buying an additional 298 shares during the period. Tidal Investments LLC lifted its holdings in Toro by 79.2% in the third quarter. Tidal Investments LLC now owns 17,646 shares of the company's stock valued at $1,530,000 after buying an additional 7,798 shares during the period. Franklin Resources Inc. boosted its stake in Toro by 27.8% in the third quarter. Franklin Resources Inc. now owns 47,912 shares of the company's stock valued at $3,989,000 after acquiring an additional 10,409 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in Toro during the 4th quarter worth $208,000. Institutional investors own 87.95% of the company's stock.

Toro Stock Performance

Shares of Toro stock traded down $0.24 on Tuesday, hitting $68.50. The stock had a trading volume of 482,345 shares, compared to its average volume of 971,447. The business's 50 day moving average is $72.16 and its two-hundred day moving average is $79.19. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 17.08 and a beta of 0.72. The Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, March 31st. Toro's dividend payout ratio is currently 38.87%.

Analysts Set New Price Targets

A number of analysts recently weighed in on TTC shares. StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. DA Davidson lowered their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Northland Securities upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price for the company in a research note on Monday, February 24th. Finally, Robert W. Baird dropped their price target on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Toro presently has a consensus rating of "Moderate Buy" and an average target price 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.