Capital Fund Management S.A. Makes New Investment in The Toro Company (NYSE:TTC)

Capital Fund Management S.A. purchased a new position in shares of The Toro Company (NYSE:TTC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,818 shares of the company's stock, valued at approximately $1,507,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of 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 worth $95,123,000 after purchasing an additional 60,068 shares in the last quarter. Amundi increased its holdings in shares of Toro by 30.3% during the 4th quarter. Amundi now owns 1,121,116 shares of the company's stock worth $89,701,000 after purchasing an additional 260,746 shares during the period. King Luther Capital Management Corp raised its holdings in Toro by 3.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,043,833 shares of the company's stock valued at $83,611,000 after acquiring an additional 36,750 shares in the last quarter. US Bancorp DE raised its stake in shares of Toro by 3.2% in the fourth quarter. US Bancorp DE now owns 799,385 shares of the company's stock valued at $64,031,000 after purchasing an additional 24,596 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Toro by 12.0% during the fourth quarter. Wells Fargo & Company MN now owns 684,623 shares of the company's stock worth $54,838,000 after purchasing an additional 73,300 shares during the period. Institutional investors own 87.95% of the company's stock.

Toro Price Performance

TTC traded down $1.16 during trading on Monday, hitting $65.99. 42,258 shares of the stock traded hands, compared to its average volume of 972,025. 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 Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 16.48 and a beta of 0.72. The business has a 50 day moving average price of $73.76 and a 200 day moving average price of $79.86.

Toro Dividend Announcement

The company also recently disclosed 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 2.30%. The ex-dividend date was Monday, March 31st. Toro's dividend payout ratio is currently 38.87%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTC. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Robert W. Baird cut their target price on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. 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 report on Monday, February 24th. Finally, DA Davidson dropped their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. 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 company. According to MarketBeat.com, Toro has an average rating of "Moderate Buy" and an average target price 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.