Squarepoint Ops LLC Has $13.09 Million Stake in The Toro Company (NYSE:TTC)

Squarepoint Ops LLC lifted its holdings in The Toro Company (NYSE:TTC - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,469 shares of the company's stock after acquiring an additional 16,979 shares during the period. Squarepoint Ops LLC owned approximately 0.16% of Toro worth $13,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Two Sigma Advisers LP bought a new position in shares of Toro in the 4th quarter worth about $969,000. Tidal Investments LLC raised its position in shares of Toro by 14.6% in the 4th quarter. Tidal Investments LLC now owns 20,224 shares of the company's stock worth $1,620,000 after acquiring an additional 2,578 shares in the last quarter. True Wealth Design LLC raised its position in shares of Toro by 127.2% in the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after acquiring an additional 206 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Toro by 5.4% in the 4th quarter. Toronto Dominion Bank now owns 13,840 shares of the company's stock worth $1,109,000 after acquiring an additional 711 shares in the last quarter. Finally, Siemens Fonds Invest GmbH bought a new position in shares of Toro in the 4th quarter worth about $138,000. 87.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Toro Stock Down 0.3%

TTC stock traded down $0.20 during mid-day trading on Wednesday, reaching $75.68. 79,349 shares of the company traded hands, compared to its average volume of 963,068. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 18.87 and a beta of 0.83. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93. The firm's 50 day moving average price is $70.86 and its 200 day moving average price is $77.83.

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, June 17th. This represents a $1.52 dividend on an annualized basis and a yield of 2.01%. Toro's dividend payout ratio (DPR) is currently 38.87%.

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.