BNP Paribas Financial Markets Trims Stock Holdings in The Toro Company (NYSE:TTC)

BNP Paribas Financial Markets lowered its position in The Toro Company (NYSE:TTC - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,925 shares of the company's stock after selling 12,696 shares during the quarter. BNP Paribas Financial Markets' holdings in Toro were worth $3,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Planning Inc bought a new position in Toro in the fourth quarter worth approximately $31,000. CIBC Private Wealth Group LLC boosted its position in Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock valued at $43,000 after acquiring an additional 127 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock valued at $44,000 after acquiring an additional 362 shares in the last quarter. First Horizon Advisors Inc. boosted its position 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 acquiring an additional 285 shares in the last quarter. Finally, Covestor Ltd boosted its position in Toro by 60.5% during the 4th quarter. Covestor Ltd now owns 1,181 shares of the company's stock valued at $95,000 after acquiring an additional 445 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

Analysts Set New Price Targets

TTC has been the topic of several recent research reports. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. DA Davidson dropped their target price on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a research report on Monday, February 24th. StockNews.com lowered Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Robert W. Baird decreased their price objective on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, March 7th. 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.75.

Toro Stock Up 1.8%

Shares of TTC traded up $1.41 during midday trading on Friday, hitting $77.86. 599,820 shares of the company's stock traded hands, compared to its average volume of 978,324. The Toro Company has a 1 year low of $62.34 and a 1 year high of $100.93. The firm's fifty day moving average is $70.52 and its 200-day moving average is $78.22. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.42 and a beta of 0.83.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 1.95%. Toro's dividend payout ratio (DPR) is 38.87%.

About Toro

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.