Teza Capital Management LLC Sells 60,290 Shares of The Toro Company (NYSE:TTC)

Teza Capital Management LLC lowered its stake in shares of The Toro Company (NYSE:TTC - Free Report) by 74.9% in the fourth quarter, according to its most recent 13F filing 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 institutional investors also recently modified their holdings of the company. True Wealth Design LLC raised its holdings in 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 during the period. Asset Planning Inc bought a new position in shares of Toro during the 4th quarter worth about $31,000. CIBC Private Wealth Group LLC increased its holdings 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 purchasing an additional 127 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock worth $44,000 after purchasing an additional 362 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock worth $65,000 after purchasing an additional 285 shares during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

Analyst Ratings Changes

TTC has been the topic of several research reports. StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. DA Davidson dropped their price objective on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Robert W. Baird dropped 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. Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Finally, Northland Securities upgraded shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a research report on Monday, February 24th. Three 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $89.75.

Toro Trading Down 2.5%

NYSE:TTC traded down $1.92 during trading hours on Wednesday, hitting $74.82. The stock had a trading volume of 1,001,729 shares, compared to its average volume of 969,563. The Toro Company has a one year low of $62.34 and a one year high of $100.93. 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 company has a market cap of $7.47 billion, a price-to-earnings ratio of 18.66 and a beta of 0.83. The business's 50 day moving average is $70.72 and its 200-day moving average is $78.14.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be issued 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 dividend yield of 2.03%. Toro's payout ratio is presently 38.87%.

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.