Nissay Asset Management Corp Japan ADV Has $2.01 Million Holdings in The Toro Company (NYSE:TTC)

Nissay Asset Management Corp Japan ADV grew its stake in The Toro Company (NYSE:TTC - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,746 shares of the company's stock after acquiring an additional 3,791 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Toro were worth $2,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TTC. Nomura Holdings Inc. bought a new position in Toro in the fourth quarter valued at approximately $1,091,000. OMERS ADMINISTRATION Corp raised its holdings in shares of Toro by 20.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 4,350 shares of the company's stock worth $348,000 after acquiring an additional 737 shares during the period. Lazard Asset Management LLC lifted its position in Toro by 5,161.4% in the 4th quarter. Lazard Asset Management LLC now owns 220,402 shares of the company's stock valued at $17,653,000 after acquiring an additional 216,213 shares in the last quarter. LRT Capital Management LLC boosted its stake in Toro by 24.9% in the 4th quarter. LRT Capital Management LLC now owns 25,641 shares of the company's stock worth $2,054,000 after purchasing an additional 5,109 shares during the period. Finally, Focus Partners Wealth bought a new position in Toro during the 4th quarter worth about $220,000. 87.95% of the stock is owned by institutional investors.

Toro Stock Performance

Shares of Toro stock traded down $1.92 during trading on Wednesday, hitting $74.82. 1,001,729 shares of the stock were exchanged, compared to its average volume of 974,405. 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 company has a fifty day moving average price of $70.69 and a 200-day moving average price of $78.16. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 18.66 and a beta of 0.83. The Toro Company has a 1-year low of $62.34 and a 1-year high of $100.93.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Tuesday, June 17th. Toro's dividend payout ratio is presently 38.87%.

Analysts Set New Price Targets

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