Balyasny Asset Management L.P. Sells 683,428 Shares of The Toro Company (NYSE:TTC)

Balyasny Asset Management L.P. decreased its position in shares of The Toro Company (NYSE:TTC - Free Report) by 90.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,895 shares of the company's stock after selling 683,428 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.08% of Toro worth $6,079,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Toro by 45.5% during the fourth 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 period. Bank of New York Mellon Corp lifted its position in Toro by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock valued at $95,123,000 after purchasing an additional 60,068 shares during the period. Amundi boosted its stake in shares of Toro by 30.3% in the 4th quarter. Amundi now owns 1,121,116 shares of the company's stock valued at $89,701,000 after purchasing an additional 260,746 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Toro by 17.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock worth $88,152,000 after buying an additional 164,069 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Toro by 36.9% during the fourth quarter. Northern Trust Corp now owns 1,081,782 shares of the company's stock worth $86,651,000 after buying an additional 291,593 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson dropped their price target on shares of 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 downgraded Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Northland Securities upgraded shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target for the company in a report on Monday, February 24th. Robert W. Baird reduced their price target 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. Finally, Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Three research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $89.75.

Toro Stock Up 0.1%

Shares of TTC stock traded up $0.08 during trading on Tuesday, reaching $75.88. The company's stock had a trading volume of 697,356 shares, compared to its average volume of 977,432. 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 business has a fifty day moving average price of $70.42 and a 200-day moving average price of $78.33. The Toro Company has a one year low of $62.34 and a one year high of $100.93. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 18.92 and a beta of 0.83.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, March 31st. Toro's dividend payout ratio (DPR) 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.