Nuveen Asset Management LLC Sells 7,965 Shares of The Toro Company (NYSE:TTC)

Nuveen Asset Management LLC lessened its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 191,943 shares of the company's stock after selling 7,965 shares during the period. Nuveen Asset Management LLC owned 0.19% of Toro worth $15,375,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of TTC. Asset Planning Inc acquired a new position in shares of Toro during the fourth quarter worth $31,000. CIBC Private Wealth Group LLC lifted its holdings in Toro by 30.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock valued at $43,000 after buying an additional 127 shares during the period. Venturi Wealth Management LLC lifted its holdings in Toro by 195.7% in the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock valued at $44,000 after buying an additional 362 shares during the period. First Horizon Advisors Inc. lifted its holdings in Toro by 54.6% in the fourth quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock valued at $65,000 after buying an additional 285 shares during the period. Finally, Covestor Ltd lifted its holdings in Toro by 60.5% in the fourth quarter. Covestor Ltd now owns 1,181 shares of the company's stock valued at $95,000 after buying an additional 445 shares during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Stock Up 0.8%

Shares of TTC traded up $0.64 on Thursday, reaching $75.95. The company's stock had a trading volume of 288,405 shares, compared to its average volume of 959,754. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. The stock has a market capitalization of $7.58 billion, a PE ratio of 18.94 and a beta of 0.83. The firm has a fifty day moving average of $70.90 and a 200-day moving average of $77.82.

Toro Dividend Announcement

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 given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Tuesday, June 17th. Toro's payout ratio is 38.87%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TTC. 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 report on Monday, February 24th. Robert W. Baird decreased their price target on shares of Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. DA Davidson decreased their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Finally, Wall Street Zen downgraded shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.