Speece Thorson Capital Group Inc. boosted its holdings in The Toro Company (NYSE:TTC - Free Report) by 45.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,156 shares of the company's stock after buying an additional 65,718 shares during the period. Toro makes up 3.3% of Speece Thorson Capital Group Inc.'s investment portfolio, making the stock its 7th biggest holding. Speece Thorson Capital Group Inc. owned approximately 0.21% of Toro worth $16,833,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Planning Inc bought a new stake in Toro during the 4th quarter worth approximately $31,000. 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 worth $44,000 after purchasing an additional 362 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of 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 in the last quarter. First Horizon Advisors Inc. boosted its stake 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 buying an additional 285 shares during the period. Finally, Covestor Ltd grew its position in Toro by 60.5% during the fourth quarter. Covestor Ltd now owns 1,181 shares of the company's stock worth $95,000 after buying an additional 445 shares in the last quarter. Institutional investors own 87.95% of the company's stock.
Toro Trading Up 0.6 %
Shares of TTC traded up $0.38 during trading hours on Wednesday, hitting $67.25. The company had a trading volume of 595,498 shares, compared to its average volume of 976,140. The Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. 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 stock's 50 day moving average price is $73.23 and its 200 day moving average price is $79.65. The firm has a market cap of $6.71 billion, a P/E ratio of 16.77 and a beta of 0.72.
Toro Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid 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 2.26%. Toro's dividend payout ratio (DPR) is currently 38.87%.
Analyst Ratings Changes
Several brokerages have recently commented on TTC. Robert W. Baird cut their price objective on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, March 7th. StockNews.com lowered shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. DA Davidson dropped 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. Finally, Northland Securities raised 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. Three 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.75.
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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.
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