Voloridge Investment Management LLC Has $23.24 Million Stock Holdings in The Toro Company (NYSE:TTC)

Voloridge Investment Management LLC grew its position in The Toro Company (NYSE:TTC - Free Report) by 37.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 290,126 shares of the company's stock after purchasing an additional 78,751 shares during the quarter. Voloridge Investment Management LLC owned about 0.29% of Toro worth $23,239,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Toro by 45.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company's stock valued at $563,207,000 after purchasing an additional 2,199,920 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Toro by 5.3% during the fourth 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 in the last quarter. Amundi boosted its position in shares of Toro by 30.3% in the fourth quarter. Amundi now owns 1,121,116 shares of the company's stock valued at $89,701,000 after acquiring an additional 260,746 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Toro by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock valued at $88,152,000 after acquiring an additional 164,069 shares in the last quarter. Finally, Northern Trust Corp increased its position in Toro by 36.9% during the fourth quarter. Northern Trust Corp now owns 1,081,782 shares of the company's stock worth $86,651,000 after acquiring an additional 291,593 shares during the period. Institutional investors own 87.95% of the company's stock.

Toro Price Performance

NYSE TTC traded up $1.35 during trading on Tuesday, hitting $75.24. 333,662 shares of the company's stock were exchanged, compared to its average volume of 963,641. The company has a market cap of $7.51 billion, a PE ratio of 18.76 and a beta of 0.83. 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 fifty-two week low of $62.34 and a fifty-two week high of $100.93. The stock's 50 day moving average price is $70.81 and its two-hundred day moving average price is $77.85.

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders 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 annualized dividend and a dividend yield of 2.02%. Toro's dividend payout ratio (DPR) is presently 38.87%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Northland Securities upgraded shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective for the company in a research note on Monday, February 24th. Wall Street Zen downgraded shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Robert W. Baird reduced their price target on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. DA Davidson cut their target price on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $89.75.

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.