Teza Capital Management LLC Has $1.62 Million Stock Position in The Toro Company (NYSE:TTC)

Teza Capital Management LLC lessened its holdings in The Toro Company (NYSE:TTC - Free Report) by 74.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,163 shares of the company's stock after selling 60,290 shares during the period. Teza Capital Management LLC's holdings in Toro were worth $1,615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Captrust Financial Advisors boosted its position 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 buying an additional 13,373 shares during the period. LPL Financial LLC boosted its position 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 buying an additional 14,433 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Toro by 294.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,652 shares of the company's stock worth $1,975,000 after buying an additional 18,401 shares during the period. Quantbot Technologies LP raised its holdings in shares of Toro by 111.4% during 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. Finally, Bank of New York Mellon Corp raised its holdings in shares of Toro by 5.3% during 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. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Stock Down 1.5%

Shares of NYSE:TTC traded down $1.10 on Friday, reaching $73.87. The company had a trading volume of 862,059 shares, compared to its average volume of 966,092. The Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. The stock has a 50-day moving average price of $70.77 and a 200 day moving average price of $77.98. The stock has a market capitalization of $7.37 billion, a P/E ratio of 18.42 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.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.06%. Toro's payout ratio is presently 38.87%.

Analyst Ratings Changes

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