Crestline Management LP Takes Position in The Toro Company (NYSE:TTC)

Crestline Management LP bought a new stake in shares of The Toro Company (NYSE:TTC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,351 shares of the company's stock, valued at approximately $509,000.

Other hedge funds have also recently modified their holdings of the company. Asset Planning Inc bought a new position in Toro in the 4th quarter valued at $31,000. Venturi Wealth Management LLC boosted its stake in shares of Toro by 195.7% during the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock valued at $44,000 after purchasing an additional 362 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Toro by 30.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after purchasing an additional 127 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Toro by 54.6% in the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock worth $65,000 after buying an additional 285 shares during the period. Finally, Covestor Ltd lifted its holdings 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 buying an additional 445 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

Toro Stock Up 0.1%

Shares of Toro stock traded up $0.08 on Tuesday, reaching $75.88. The 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 stock has a market capitalization of $7.57 billion, a P/E ratio of 18.92 and a beta of 0.83. The company has a 50 day moving average price of $70.42 and a 200 day moving average price of $78.33. The Toro Company has a 1 year low of $62.34 and a 1 year high of $100.93.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a $0.38 dividend. 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 is currently 38.87%.

Wall Street Analysts Forecast Growth

TTC has been the topic of a number of research analyst reports. 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 research note on Tuesday, March 11th. Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective on the stock in a research note on Monday, February 24th. StockNews.com lowered Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Robert W. Baird dropped 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. Finally, Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Three 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.75.

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.