Dark Forest Capital Management LP Sells 18,076 Shares of The Toro Company (NYSE:TTC)

Dark Forest Capital Management LP lessened its stake in shares of The Toro Company (NYSE:TTC - Free Report) by 81.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,138 shares of the company's stock after selling 18,076 shares during the period. Dark Forest Capital Management LP's holdings in Toro were worth $331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Toro by 45.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company's stock valued at $563,207,000 after buying an additional 2,199,920 shares during the period. Bank of New York Mellon Corp boosted its holdings in Toro by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock worth $95,123,000 after acquiring an additional 60,068 shares in the last quarter. Amundi grew its stake in Toro by 30.3% in the fourth quarter. Amundi now owns 1,121,116 shares of the company's stock valued at $89,701,000 after acquiring an additional 260,746 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Toro by 17.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock valued at $88,152,000 after acquiring an additional 164,069 shares in the last quarter. Finally, King Luther Capital Management Corp raised its position in shares of Toro by 3.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,043,833 shares of the company's stock worth $83,611,000 after purchasing an additional 36,750 shares during the period. 87.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TTC. StockNews.com lowered shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target on the stock in a research report on Monday, February 24th. DA Davidson decreased their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Finally, Robert W. Baird decreased their price target 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toro currently has an average rating of "Moderate Buy" and a consensus target price of $89.75.

Toro Stock Performance

Shares of Toro stock traded up $1.00 during mid-day trading on Thursday, hitting $69.28. 622,659 shares of the stock were exchanged, compared to its average volume of 972,234. The Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93. The company has a 50-day simple moving average of $71.66 and a 200 day simple moving average of $79.04. The company has a market capitalization of $6.92 billion, a P/E ratio of 17.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.38 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.52 annualized dividend and a yield of 2.19%. Toro's dividend payout ratio is currently 38.87%.

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.