The Toro Company (NYSE:TTC) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC cut its stake in The Toro Company (NYSE:TTC - Free Report) by 79.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,817 shares of the company's stock after selling 11,028 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Toro were worth $226,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in shares of Toro by 33.8% during the 4th 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 raised its stake in shares of Toro by 33.6% during the 4th 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. raised its stake in shares of Toro by 294.4% during the 4th 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 stake in shares of Toro by 111.4% during the 4th quarter. Quantbot Technologies LP now owns 51,945 shares of the company's stock worth $4,161,000 after buying an additional 27,376 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Toro by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock worth $95,123,000 after buying an additional 60,068 shares during the period. 87.95% of the stock is owned by institutional investors and hedge funds.

Toro Stock Down 0.1%

NYSE TTC opened at $76.78 on Wednesday. The business has a fifty day moving average price of $70.69 and a 200 day moving average price of $78.16. 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 $7.66 billion, a P/E ratio of 19.15 and a beta of 0.83.

Toro Announces Dividend

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 paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.98%. Toro's dividend payout ratio is currently 38.87%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TTC. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. 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 note on Monday, February 24th. Robert W. Baird reduced their target price on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. StockNews.com downgraded Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, DA Davidson reduced their target price on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Three 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.

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