Renaissance Technologies LLC Sells 26,300 Shares of The Toro Company (NYSE:TTC)

Renaissance Technologies LLC reduced its position in shares of The Toro Company (NYSE:TTC - Free Report) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 261,300 shares of the company's stock after selling 26,300 shares during the period. Renaissance Technologies LLC owned 0.26% of Toro worth $20,930,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TTC. Geode Capital Management LLC grew its stake in Toro by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,959,875 shares of the company's stock worth $169,639,000 after buying an additional 29,105 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Toro by 5.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock valued at $95,123,000 after acquiring an additional 60,068 shares in the last quarter. Amundi boosted its holdings in Toro by 30.3% in the fourth quarter. Amundi now owns 1,121,116 shares of the company's stock worth $89,701,000 after purchasing an additional 260,746 shares during the last quarter. King Luther Capital Management Corp grew its position in Toro by 3.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,043,833 shares of the company's stock valued at $83,611,000 after buying an additional 36,750 shares during the period. Finally, US Bancorp DE increased its holdings in Toro by 3.2% in the 4th quarter. US Bancorp DE now owns 799,385 shares of the company's stock worth $64,031,000 after acquiring an additional 24,596 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

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Toro Trading Down 1.4 %

Shares of NYSE:TTC traded down $0.94 during trading on Wednesday, reaching $66.52. 874,118 shares of the stock were exchanged, compared to its average volume of 972,164. The Toro Company has a 12-month low of $62.34 and a 12-month high of $100.93. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 16.59 and a beta of 0.72. 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's 50-day moving average price is $74.55 and its 200 day moving average price is $80.32.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a $0.38 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 2.29%. Toro's dividend payout ratio is currently 38.87%.

Analysts Set New Price Targets

TTC has been the subject of a number of analyst reports. Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price for the company in a report on Monday, February 24th. DA Davidson cut their price target on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Robert W. Baird lowered their price target on shares of Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Raymond James lowered their price objective on Toro from $100.00 to $95.00 and set an "outperform" rating for the company in a research report on Friday, December 20th. 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 company's stock. Based on data from MarketBeat.com, the company 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.