Worldquant Millennium Advisors LLC Sells 6,640 Shares of The Toro Company (NYSE:TTC)

Worldquant Millennium Advisors LLC lowered its stake in shares of The Toro Company (NYSE:TTC - Free Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 211,099 shares of the company's stock after selling 6,640 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.21% of Toro worth $16,909,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. True Wealth Design LLC lifted its holdings in shares of Toro by 127.2% in the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after purchasing an additional 206 shares in the last quarter. Asset Planning Inc purchased a new stake in Toro in the 4th quarter valued at $31,000. CIBC Private Wealth Group LLC raised its position in Toro by 30.2% in the 4th 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 last quarter. Venturi Wealth Management LLC raised its position in Toro by 195.7% in the 4th 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 last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Toro by 54.6% in the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock worth $65,000 after acquiring an additional 285 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TTC. Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Wall Street Zen cut shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Northland Securities raised 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. Robert W. Baird decreased their price target on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, DA Davidson reduced their price objective 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 equities 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.75.

Toro Stock Performance

NYSE TTC traded down $1.10 on Friday, hitting $73.87. 862,059 shares of the stock traded hands, compared to its average volume of 967,469. The business's fifty day moving average is $70.77 and its two-hundred day moving average is $78.03. The Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 18.42 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th will be given 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 2.06%. Toro's dividend payout ratio is presently 38.87%.

Toro Company 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.