The Toro Company (NYSE:TTC) Holdings Trimmed by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. reduced its position in shares of The Toro Company (NYSE:TTC - Free Report) by 85.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,695 shares of the company's stock after selling 203,330 shares during the period. T. Rowe Price Investment Management Inc.'s holdings in Toro were worth $2,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Inc bought a new stake in shares of Toro in the 4th quarter worth approximately $31,000. CIBC Private Wealth Group LLC grew its position 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 buying an additional 127 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Toro by 195.7% in the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock valued at $44,000 after buying an additional 362 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock worth $65,000 after acquiring an additional 285 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Toro by 60.5% in the 4th quarter. Covestor Ltd now owns 1,181 shares of the company's stock worth $95,000 after acquiring an additional 445 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors.

Toro Price Performance

Shares of TTC opened at $68.02 on Monday. The business's 50-day moving average is $72.44 and its 200-day moving average is $79.29. 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 company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 16.96 and a beta of 0.72. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93.

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.38 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 2.23%. Toro's payout ratio is 38.87%.

Wall Street Analyst Weigh In

TTC has been the subject of several analyst reports. Robert W. Baird reduced 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. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. DA Davidson decreased 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. StockNews.com lowered shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Northland Securities raised 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. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.

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