Teacher Retirement System of Texas bought a new position in shares of The Toro Company (NYSE:TTC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 48,261 shares of the company's stock, valued at approximately $3,866,000.
Several other large investors also recently bought and sold shares of TTC. Asset Planning Inc acquired a new position in shares of Toro in the 4th quarter valued at $31,000. Venturi Wealth Management LLC raised its position in 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 buying an additional 362 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Toro by 54.6% in the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock valued at $65,000 after purchasing an additional 285 shares in the last quarter. PrairieView Partners LLC raised its position in Toro by 14.7% in the fourth quarter. PrairieView Partners LLC now owns 1,547 shares of the company's stock worth $123,000 after acquiring an additional 198 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its stake in shares of Toro by 87.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,657 shares of the company's stock valued at $133,000 after purchasing an additional 772 shares during the period. Hedge funds and other institutional investors own 87.95% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Raymond James reduced their target price on Toro from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, December 20th. Robert W. Baird reduced their target price on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. 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 upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective on the stock in a report on Monday, February 24th. Finally, StockNews.com lowered shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.75.
View Our Latest Stock Report on TTC
Toro Stock Down 0.5 %
Shares of NYSE:TTC traded down $0.41 during trading on Thursday, reaching $74.48. 80,719 shares of the company traded hands, compared to its average volume of 920,357. The firm has a market cap of $7.43 billion, a P/E ratio of 18.57 and a beta of 0.70. The firm has a fifty day simple moving average of $79.35 and a 200 day simple moving average of $82.09. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The Toro Company has a 1-year low of $71.23 and a 1-year high of $100.93.
Toro Announces Dividend
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 $0.38 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 2.04%. Toro's payout ratio is presently 38.87%.
Toro announced that its board has initiated a share repurchase plan on Tuesday, December 10th that permits the company to buyback 4,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.
About Toro
(
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.
Featured Articles
Before you consider Toro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toro wasn't on the list.
While Toro currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
