Dynamic Technology Lab Private Ltd lowered its holdings in The Toro Company (NYSE:TTC - Free Report) by 77.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,474 shares of the company's stock after selling 43,247 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Toro were worth $999,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of TTC. Asset Planning Inc bought a new position in Toro during the fourth quarter valued at about $31,000. CIBC Private Wealth Group LLC raised its holdings in shares of Toro by 30.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after purchasing an additional 127 shares during the period. Venturi Wealth Management LLC lifted its stake in 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 purchasing an additional 362 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Toro by 54.6% during the fourth quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock valued at $65,000 after purchasing an additional 285 shares during the period. Finally, PrairieView Partners LLC increased 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 buying an additional 198 shares during the last quarter. Institutional investors own 87.95% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Robert W. Baird cut their price target on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. DA Davidson reduced their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. 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. Finally, Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.75.
Get Our Latest Research Report on TTC
Toro Price Performance
Shares of NYSE TTC traded down $0.04 during midday trading on Friday, hitting $66.58. 166,965 shares of the company's stock were exchanged, compared to its average volume of 968,805. 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 Toro Company has a 12-month low of $62.34 and a 12-month high of $100.93. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 16.57 and a beta of 0.72. The business's fifty day moving average price is $75.33 and its two-hundred day moving average price is $80.71.
Toro Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.38 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.52 annualized dividend and a yield of 2.28%. Toro's dividend payout ratio (DPR) is presently 38.87%.
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.
Further Reading
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
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
