Aquatic Capital Management LLC purchased a new stake in The Toro Company (NYSE:TTC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,632 shares of the company's stock, valued at approximately $451,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Asset Planning Inc acquired a new position in shares of Toro in the 4th quarter valued at $31,000. Venturi Wealth Management LLC lifted its position in shares of Toro by 195.7% during 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 in the last quarter. CIBC Private Wealth Group LLC boosted its stake 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 valued at $43,000 after purchasing an additional 127 shares during the period. First Horizon Advisors Inc. grew its holdings in Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock valued at $65,000 after purchasing an additional 285 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Toro by 60.5% in the 4th 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 and hedge funds own 87.95% of the company's stock.
Toro Stock Up 3.0 %
TTC traded up $2.11 during trading on Thursday, reaching $71.53. 204,372 shares of the stock traded hands, compared to its average volume of 1,037,895. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93. The stock's 50-day simple moving average is $70.64 and its two-hundred day simple moving average is $78.56. 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 stock has a market cap of $7.14 billion, a price-to-earnings ratio of 17.84 and a beta of 0.83.
Toro Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.52 annualized dividend and a yield of 2.12%. Toro's dividend payout ratio is 38.87%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. StockNews.com downgraded Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Robert W. Baird decreased their price objective on shares of Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a report on Monday, February 24th. DA Davidson lowered their price objective on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toro has an average rating of "Moderate Buy" and a consensus target price of $89.75.
Read Our Latest Stock Report on Toro
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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