Quantinno Capital Management LP Purchases 15,313 Shares of The Toro Company (NYSE:TTC)

Quantinno Capital Management LP lifted its stake in shares of The Toro Company (NYSE:TTC - Free Report) by 53.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,940 shares of the company's stock after buying an additional 15,313 shares during the quarter. Quantinno Capital Management LP's holdings in Toro were worth $3,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Pacer Advisors Inc. grew its position in shares of Toro by 0.8% during the 4th quarter. Pacer Advisors Inc. now owns 15,298 shares of the company's stock worth $1,225,000 after buying an additional 120 shares during the period. Lowe Brockenbrough & Co. Inc. grew its position in shares of Toro by 1.1% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company's stock worth $923,000 after buying an additional 127 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after buying an additional 127 shares during the period. Northwest Financial Advisors grew its position in Toro by 2.0% in the 4th quarter. Northwest Financial Advisors now owns 6,945 shares of the company's stock valued at $556,000 after purchasing an additional 139 shares during the period. Finally, Savant Capital LLC grew its position in Toro by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,293 shares of the company's stock valued at $264,000 after purchasing an additional 158 shares during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Stock Down 1.5%

TTC traded down $1.10 during mid-day trading on Friday, reaching $73.87. 862,059 shares of the stock were exchanged, compared to its average volume of 966,092. 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 $7.37 billion, a PE ratio of 18.42 and a beta of 0.83. The company has a 50 day moving average price of $70.77 and a two-hundred day moving average price of $77.98. 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, June 17th. Toro's dividend payout ratio is 38.87%.

Analyst Ratings Changes

Several research firms recently issued reports on TTC. Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target for the company in a research report on Monday, February 24th. Robert W. Baird reduced their price target on shares of 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 downgraded shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. DA Davidson reduced their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Three equities 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 company currently 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.