5,150 Shares in The Toro Company (NYSE:TTC) Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC purchased a new stake in shares of The Toro Company (NYSE:TTC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,150 shares of the company's stock, valued at approximately $413,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Toro by 45.5% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company's stock valued at $563,207,000 after acquiring an additional 2,199,920 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Toro by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock worth $95,123,000 after purchasing an additional 60,068 shares during the last quarter. Amundi lifted its holdings in Toro by 30.3% in the 4th quarter. Amundi now owns 1,121,116 shares of the company's stock worth $89,701,000 after buying an additional 260,746 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Toro by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock valued at $88,152,000 after acquiring an additional 164,069 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of 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. Institutional investors own 87.95% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TTC. Robert W. Baird dropped their price target on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Northland Securities upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective for the company in a report on Monday, February 24th. DA Davidson dropped their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, StockNews.com lowered shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.75.

Toro Price Performance

Shares of Toro stock traded up $1.00 during trading on Thursday, reaching $69.28. 622,659 shares of the stock traded hands, compared to its average volume of 1,063,560. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 17.28 and a beta of 0.72. The business has a fifty day simple moving average of $71.66 and a two-hundred day simple moving average of $79.04. 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 Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93.

Toro Dividend Announcement

The firm also recently disclosed 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 was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.19%. Toro's payout ratio is currently 38.87%.

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.