Champlain Investment Partners LLC Sells 126,345 Shares of The Toro Company (NYSE:TTC)

Champlain Investment Partners LLC trimmed its position in shares of The Toro Company (NYSE:TTC - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,550,336 shares of the company's stock after selling 126,345 shares during the period. Champlain Investment Partners LLC owned about 1.54% of Toro worth $124,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TTC. Allspring Global Investments Holdings LLC grew its stake in shares of Toro by 996,664.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 498,382 shares of the company's stock valued at $39,410,000 after buying an additional 498,332 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Toro during the 4th quarter valued at $36,561,000. Victory Capital Management Inc. boosted its holdings in Toro by 693.0% in the fourth quarter. Victory Capital Management Inc. now owns 414,961 shares of the company's stock worth $33,238,000 after purchasing an additional 362,634 shares in the last quarter. Amundi increased its position in Toro by 30.3% during the fourth quarter. Amundi now owns 1,121,116 shares of the company's stock worth $89,701,000 after buying an additional 260,746 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Toro in the fourth quarter worth about $12,379,000. Institutional investors and hedge funds own 87.95% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TTC. Northland Securities upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target on the stock in a report on Monday, February 24th. Robert W. Baird lowered their price target on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. DA Davidson cut their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Finally, StockNews.com lowered Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.75.

Toro Stock Performance

TTC traded up $0.70 on Tuesday, hitting $66.54. 524,079 shares of the stock traded hands, compared to its average volume of 973,583. The business has a fifty day moving average price of $73.49 and a two-hundred day moving average price of $79.74. 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 firm has a market capitalization of $6.64 billion, a PE ratio of 16.59 and a beta of 0.72. The Toro Company has a 52 week low of $62.34 and a 52 week high of $100.93.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Monday, March 31st. Toro's dividend payout ratio is presently 38.87%.

Toro 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.