The Toro Company (NYSE:TTC) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its stake in shares of The Toro Company (NYSE:TTC - Free Report) by 36.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 767,882 shares of the company's stock after selling 431,278 shares during the period. Millennium Management LLC owned 0.76% of Toro worth $61,507,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TTC. Lazard Asset Management LLC increased its holdings in shares of 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. LRT Capital Management LLC increased its stake in Toro by 24.9% during the fourth quarter. LRT Capital Management LLC now owns 25,641 shares of the company's stock worth $2,054,000 after acquiring an additional 5,109 shares during the last quarter. Focus Partners Wealth acquired a new stake in Toro during the fourth quarter worth about $220,000. Ensign Peak Advisors Inc raised its holdings in shares of Toro by 7.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 663,838 shares of the company's stock worth $53,173,000 after purchasing an additional 45,477 shares during the period. Finally, FORA Capital LLC lifted its stake in shares of Toro by 327.4% in the 4th quarter. FORA Capital LLC now owns 12,834 shares of the company's stock valued at $1,028,000 after purchasing an additional 9,831 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. DA Davidson dropped their price objective on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Robert W. Baird cut their target price on shares of Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective on the stock in a research report on Monday, February 24th. Three equities research 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 company. According to data from MarketBeat.com, Toro currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.75.

Toro Stock Down 1.5%

Shares of NYSE TTC traded down $1.19 during trading on Wednesday, reaching $75.55. 136,277 shares of the stock were exchanged, compared to its average volume of 971,008. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 18.83 and a beta of 0.83. The business's 50-day moving average price is $70.69 and its 200 day moving average price 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 twelve month low of $62.34 and a twelve month high of $100.93.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.01%. Toro's 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.