The Toro Company (NYSE:TTC) Shares Bought by FORA Capital LLC

FORA Capital LLC grew its stake in The Toro Company (NYSE:TTC - Free Report) by 327.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,834 shares of the company's stock after acquiring an additional 9,831 shares during the quarter. FORA Capital LLC's holdings in Toro were worth $1,028,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Toro by 45.5% during 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 last quarter. Allspring Global Investments Holdings LLC increased its position in Toro by 996,664.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 498,382 shares of the company's stock valued at $39,410,000 after buying an additional 498,332 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Toro in the fourth quarter valued at about $36,561,000. The Manufacturers Life Insurance Company boosted its holdings in Toro by 411.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 464,609 shares of the company's stock worth $37,215,000 after acquiring an additional 373,736 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Toro by 693.0% during the fourth quarter. Victory Capital Management Inc. now owns 414,961 shares of the company's stock worth $33,238,000 after acquiring an additional 362,634 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Northland Securities upgraded shares of 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 cut their target price on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. StockNews.com lowered Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Finally, DA Davidson cut their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Three 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.75.

Toro Stock Performance

Shares of NYSE:TTC traded up $0.66 during midday trading on Thursday, reaching $76.07. The company's stock had a trading volume of 392,809 shares, compared to its average volume of 973,792. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average of $70.49 and a 200 day moving average of $78.29. The Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. The firm has a market capitalization of $7.59 billion, a PE ratio of 18.95 and a beta of 0.83.

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, March 31st. Toro's dividend payout ratio is currently 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.