MetLife Investment Management LLC Has $4.63 Million Stake in The Toro Company (NYSE:TTC)

MetLife Investment Management LLC raised its stake in The Toro Company (NYSE:TTC - Free Report) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,845 shares of the company's stock after buying an additional 4,149 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Toro worth $4,633,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of Toro in the third quarter valued at $592,000. SkyView Investment Advisors LLC boosted its position in Toro by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 10,168 shares of the company's stock worth $882,000 after acquiring an additional 298 shares during the period. Tidal Investments LLC boosted its position in Toro by 79.2% during the 3rd quarter. Tidal Investments LLC now owns 17,646 shares of the company's stock worth $1,530,000 after acquiring an additional 7,798 shares during the period. Franklin Resources Inc. boosted its position in Toro by 27.8% during the 3rd 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 during the period. Finally, Everence Capital Management Inc. acquired a new stake in shares of Toro during the 4th quarter valued at about $208,000. Institutional investors own 87.95% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TTC shares. StockNews.com lowered Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. DA Davidson reduced their price target on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Northland Securities upgraded 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. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Finally, Robert W. Baird cut their price objective on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Three investment 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 company. Based on data from MarketBeat.com, Toro presently has an average rating of "Moderate Buy" and an average target price of $89.75.

Toro Stock Performance

NYSE TTC traded down $0.76 during trading on Wednesday, hitting $67.78. The company's stock had a trading volume of 61,125 shares, compared to its average volume of 971,316. 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 50 day moving average price of $71.90 and a 200 day moving average price of $79.12. The firm has a market cap of $6.77 billion, a P/E ratio of 16.89 and a beta of 0.72. The Toro Company has a 52 week low of $62.34 and a 52 week high of $100.93.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.24%. The ex-dividend date was Monday, March 31st. Toro's dividend payout ratio is currently 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.