The Toro Company (NYSE:TTC) Stake Increased by Man Group plc

Man Group plc boosted its position in shares of The Toro Company (NYSE:TTC - Free Report) by 165.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,080 shares of the company's stock after acquiring an additional 170,128 shares during the period. Man Group plc owned about 0.27% of Toro worth $21,874,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Nissay Asset Management Corp Japan ADV boosted its stake in Toro by 18.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 24,746 shares of the company's stock worth $2,005,000 after purchasing an additional 3,791 shares during the period. Nomura Holdings Inc. acquired a new stake in Toro during the 4th quarter worth $1,091,000. OMERS ADMINISTRATION Corp raised its position in Toro by 20.4% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 4,350 shares of the company's stock worth $348,000 after buying an additional 737 shares during the last quarter. Lazard Asset Management LLC raised its position in Toro by 5,161.4% during the 4th quarter. Lazard Asset Management LLC now owns 220,402 shares of the company's stock worth $17,653,000 after buying an additional 216,213 shares during the last quarter. Finally, LRT Capital Management LLC raised its position in Toro by 24.9% during the 4th quarter. LRT Capital Management LLC now owns 25,641 shares of the company's stock worth $2,054,000 after buying an additional 5,109 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TTC. Northland Securities upgraded shares of 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. Robert W. Baird dropped their target price on shares of Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, March 7th. StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Finally, DA Davidson dropped their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toro has an average rating of "Moderate Buy" and an average target price of $89.75.

Toro Trading Down 0.1%

Shares of TTC traded down $0.08 during mid-day trading on Tuesday, hitting $76.78. The company had a trading volume of 673,644 shares, compared to its average volume of 974,297. The business's 50-day simple moving average is $70.69 and its 200-day simple moving average is $78.16. 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 Toro Company has a 1-year low of $62.34 and a 1-year high of $100.93. The stock has a market cap of $7.66 billion, a PE ratio of 19.15 and a beta of 0.83.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. Toro's dividend payout ratio (DPR) is 38.87%.

About Toro

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.