Natixis Advisors LLC Raises Stock Holdings in The Toro Company (NYSE:TTC)

Natixis Advisors LLC increased its holdings in The Toro Company (NYSE:TTC - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,840 shares of the company's stock after acquiring an additional 4,252 shares during the quarter. Natixis Advisors LLC's holdings in Toro were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Asset Planning Inc purchased a new stake in shares of Toro in the fourth quarter worth $31,000. Venturi Wealth Management LLC increased its stake in Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock valued at $44,000 after purchasing an additional 362 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Toro by 54.6% in the fourth quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock worth $65,000 after buying an additional 285 shares during the last quarter. PrairieView Partners LLC lifted its stake in shares of 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 in the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in shares of Toro by 87.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,657 shares of the company's stock valued at $133,000 after buying an additional 772 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTC has been the topic of several analyst reports. StockNews.com cut Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. DA Davidson dropped their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Raymond James decreased their target price on Toro from $100.00 to $95.00 and set an "outperform" rating for the company in a research report on Friday, December 20th. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Finally, Robert W. Baird lowered their price objective 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. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toro has a consensus rating of "Moderate Buy" and a consensus target price of $89.75.

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Toro Price Performance

NYSE TTC traded down $0.03 during trading on Thursday, hitting $74.86. 807,740 shares of the stock traded hands, compared to its average volume of 924,483. 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 company has a market capitalization of $7.47 billion, a P/E ratio of 18.67 and a beta of 0.70. The Toro Company has a 12-month low of $71.23 and a 12-month high of $100.93. The firm has a 50-day simple moving average of $79.20 and a 200-day simple moving average of $82.04.

Toro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.38 per share. The ex-dividend date is Monday, March 31st. This represents a $1.52 annualized dividend and a yield of 2.03%. Toro's dividend payout ratio (DPR) is currently 38.87%.

Toro declared that its Board of Directors has approved a share buyback plan on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

About Toro

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.