Barclays PLC Decreases Stock Holdings in The Toro Company (NYSE:TTC)

Barclays PLC reduced its position in shares of The Toro Company (NYSE:TTC - Free Report) by 56.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,884 shares of the company's stock after selling 151,846 shares during the quarter. Barclays PLC owned approximately 0.12% of Toro worth $9,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTC. Petros Family Wealth LLC bought a new position in Toro in the 4th quarter worth $280,000. Sterling Capital Management LLC boosted its holdings in Toro by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 6,188 shares of the company's stock worth $496,000 after acquiring an additional 2,207 shares in the last quarter. Covestor Ltd raised its stake in shares of Toro by 60.5% in the fourth quarter. Covestor Ltd now owns 1,181 shares of the company's stock worth $95,000 after purchasing an additional 445 shares during the last quarter. Argent Trust Co raised its stake in shares of Toro by 52.7% in the fourth quarter. Argent Trust Co now owns 5,983 shares of the company's stock worth $479,000 after purchasing an additional 2,064 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new position in shares of Toro in the fourth quarter worth $1,507,000. 87.95% of the stock is currently owned by institutional investors.

Toro Trading Up 1.1 %

TTC stock traded up $0.74 during mid-day trading on Monday, reaching $68.77. The company had a trading volume of 943,689 shares, compared to its average volume of 973,161. 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 company has a market capitalization of $6.86 billion, a PE ratio of 17.15 and a beta of 0.72. The firm has a 50 day moving average of $72.16 and a 200 day moving average of $79.19. The Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93.

Toro Dividend Announcement

The business also recently announced 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 yield of 2.21%. Toro's dividend payout ratio is currently 38.87%.

Analyst Ratings Changes

Several research firms have recently commented on TTC. Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target for the company in a research report on Monday, February 24th. StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Robert W. Baird dropped 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. DA Davidson decreased their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a research 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.75.

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.