AQR Capital Management LLC Has $12.24 Million Holdings in The Toro Company (NYSE:TTC)

AQR Capital Management LLC boosted its stake in shares of The Toro Company (NYSE:TTC - Free Report) by 2,603.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,824 shares of the company's stock after buying an additional 147,171 shares during the period. AQR Capital Management LLC owned about 0.15% of Toro worth $12,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AdvisorShares Investments LLC purchased a new position in Toro during the 4th quarter valued at about $457,000. Northern Trust Corp grew its stake in Toro by 36.9% during the 4th quarter. Northern Trust Corp now owns 1,081,782 shares of the company's stock valued at $86,651,000 after acquiring an additional 291,593 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Toro by 411.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 464,609 shares of the company's stock valued at $37,215,000 after acquiring an additional 373,736 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Toro during the 4th quarter valued at about $451,000. Finally, Two Sigma Securities LLC purchased a new position in Toro during the 4th quarter valued at about $413,000. Institutional investors and hedge funds own 87.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Robert W. Baird lowered 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. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. DA Davidson lowered 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. StockNews.com cut Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target for the company in a research note on Monday, February 24th. 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.75.

Toro Price Performance

TTC traded up $0.59 during midday trading on Friday, hitting $72.38. The company had a trading volume of 702,002 shares, compared to its average volume of 978,681. 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 company has a market capitalization of $7.22 billion, a PE ratio of 18.05 and a beta of 0.83. The Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. The firm's 50-day simple moving average is $70.47 and its 200-day simple moving average is $78.37.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Monday, March 31st. Toro's dividend payout ratio (DPR) is presently 38.87%.

Toro 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.