Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 45.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,031,295 shares of the company's stock after acquiring an additional 2,199,920 shares during the quarter. Toro comprises 1.3% of Kayne Anderson Rudnick Investment Management LLC's investment portfolio, making the stock its 23rd largest position. Kayne Anderson Rudnick Investment Management LLC owned about 6.99% of Toro worth $563,207,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Toro during the 3rd quarter valued at $592,000. SkyView Investment Advisors LLC lifted its position in Toro by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 10,168 shares of the company's stock worth $882,000 after buying an additional 298 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in Toro by 23.8% in the third quarter. Sanctuary Advisors LLC now owns 17,245 shares of the company's stock worth $1,468,000 after buying an additional 3,316 shares in the last quarter. Tidal Investments LLC grew its position in Toro by 79.2% during the third quarter. Tidal Investments LLC now owns 17,646 shares of the company's stock valued at $1,530,000 after acquiring an additional 7,798 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Toro by 27.8% during the third quarter. Franklin Resources Inc. now owns 47,912 shares of the company's stock worth $3,989,000 after acquiring an additional 10,409 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.
Toro Trading Down 0.6 %
Shares of TTC traded down $0.44 during mid-day trading on Friday, hitting $68.45. 129,241 shares of the company's stock traded hands, compared to its average volume of 968,757. 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 firm has a market capitalization of $6.83 billion, a P/E ratio of 17.05 and a beta of 0.72. The business's 50-day moving average price is $72.73 and its 200-day moving average price is $79.46. The Toro Company has a 1 year low of $62.34 and a 1 year high of $100.93.
Toro Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Monday, March 31st. Toro's payout ratio is currently 38.87%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on TTC shares. Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Robert W. Baird dropped their target price on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, March 7th. StockNews.com cut Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Northland Securities raised 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. Finally, DA Davidson decreased their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned 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.
Check Out Our Latest Stock Analysis on TTC
Toro Profile
(
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.
Further Reading
Before you consider Toro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toro wasn't on the list.
While Toro currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
