Jane Street Group LLC Has $7.40 Million Holdings in The Toro Company (NYSE:TTC)

Jane Street Group LLC grew its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 836.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,355 shares of the company's stock after buying an additional 82,492 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of Toro worth $7,398,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in Toro by 45.5% during the fourth 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. Bank of New York Mellon Corp boosted its holdings in shares of Toro by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock valued at $95,123,000 after buying an additional 60,068 shares during the last quarter. Amundi boosted its holdings in shares of Toro by 30.3% in the 4th quarter. Amundi now owns 1,121,116 shares of the company's stock valued at $89,701,000 after buying an additional 260,746 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Toro by 17.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock valued at $88,152,000 after buying an additional 164,069 shares during the last quarter. Finally, Northern Trust Corp raised 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 in the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TTC shares. Robert W. Baird dropped their price target on shares of 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 dropped their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. StockNews.com lowered shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Finally, 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. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.75.

Toro Stock Performance

TTC traded up $3.45 on Monday, reaching $75.78. The company had a trading volume of 782,914 shares, compared to its average volume of 977,898. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93. The stock has a market cap of $7.56 billion, a P/E ratio of 18.90 and a beta of 0.83. The company's fifty day moving average is $70.47 and its 200 day moving average is $78.37. 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 firm also recently announced 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. The ex-dividend date was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.01%. Toro's payout ratio is presently 38.87%.

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.