Neo Ivy Capital Management Sells 13,443 Shares of The Toro Company (NYSE:TTC)

Neo Ivy Capital Management decreased its stake in The Toro Company (NYSE:TTC - Free Report) by 80.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,243 shares of the company's stock after selling 13,443 shares during the quarter. Neo Ivy Capital Management's holdings in Toro were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its holdings in shares of Toro by 33.8% in the fourth quarter. Captrust Financial Advisors now owns 52,934 shares of the company's stock worth $4,240,000 after acquiring an additional 13,373 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Toro by 33.6% in the fourth quarter. LPL Financial LLC now owns 57,435 shares of the company's stock worth $4,601,000 after acquiring an additional 14,433 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Toro by 111.4% in the fourth quarter. Quantbot Technologies LP now owns 51,945 shares of the company's stock worth $4,161,000 after acquiring an additional 27,376 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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. Finally, Bell Asset Management Ltd increased its holdings in shares of Toro by 72.4% in the fourth quarter. Bell Asset Management Ltd now owns 77,756 shares of the company's stock worth $6,228,000 after acquiring an additional 32,661 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Stock Down 0.0%

NYSE TTC traded down $0.02 during trading hours on Friday, hitting $76.00. 276,332 shares of the company traded hands, compared to its average volume of 953,884. The business's 50-day moving average is $70.94 and its 200-day moving average is $77.74. The Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 18.95 and a beta of 0.83.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be paid a $0.38 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $1.52 annualized dividend and a yield of 2.00%. Toro's dividend payout ratio is 38.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TTC shares. DA Davidson lowered their price target on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Robert W. Baird reduced their price objective on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Wall Street Zen cut Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective for the company in a research report on Monday, February 24th. Finally, Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Three 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.75.

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.