Point72 Asset Management L.P. Has $2.51 Million Stock Holdings in The Toro Company (NYSE:TTC)

Point72 Asset Management L.P. decreased its position in The Toro Company (NYSE:TTC - Free Report) by 90.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,315 shares of the company's stock after selling 298,085 shares during the quarter. Point72 Asset Management L.P.'s holdings in Toro were worth $2,508,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Asset Planning Inc acquired a new position in Toro during the 4th quarter valued at approximately $31,000. CIBC Private Wealth Group LLC boosted its position in Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock valued at $43,000 after purchasing an additional 127 shares during the period. Venturi Wealth Management LLC boosted its position in Toro by 195.7% during the 4th 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. First Horizon Advisors Inc. boosted its position in Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock valued at $65,000 after purchasing an additional 285 shares during the period. Finally, Covestor Ltd boosted its position 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 purchasing an additional 445 shares during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Price Performance

Shares of Toro stock traded down $1.10 during trading on Friday, hitting $73.87. The stock had a trading volume of 862,059 shares, compared to its average volume of 967,469. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The firm has a market cap of $7.37 billion, a P/E ratio of 18.42 and a beta of 0.83. The business has a fifty day moving average of $70.77 and a two-hundred day moving average of $78.03. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. Toro's dividend payout ratio (DPR) is 38.87%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. DA Davidson cut their target price on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a research note on Monday, February 24th. Wall Street Zen downgraded Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Robert W. Baird cut their target price on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Toro currently has a consensus rating of "Moderate Buy" and a consensus price target 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.