UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in The Toro Company (NYSE:TTC - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 635,223 shares of the company's stock after buying an additional 16,237 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.63% of Toro worth $50,881,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in TTC. True Wealth Design LLC raised 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 worth $29,000 after acquiring an additional 206 shares during the last quarter. Asset Planning Inc acquired a new position in Toro in the 4th quarter valued at about $31,000. CIBC Private Wealth Group LLC raised its stake 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 purchasing an additional 127 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings 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 purchasing an additional 362 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake 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 last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.
Toro Trading Up 0.3%
Toro stock traded up $0.23 during midday trading on Friday, reaching $76.24. The stock had a trading volume of 227,414 shares, compared to its average volume of 953,692. The firm's fifty day simple moving average is $70.94 and its two-hundred day simple moving average is $77.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 19.02 and a beta of 0.83.
Toro Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.99%. Toro's dividend payout ratio is 38.87%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. DA Davidson reduced their price target on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Robert W. Baird decreased their price target on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Northland Securities upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target for the company in a report on Monday, February 24th. Wall Street Zen lowered Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.75.
Check Out Our Latest Research Report on Toro
Toro Profile
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Free Report)
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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