Russell Investments Group Ltd. Has $7.28 Million Stake in The Toro Company (NYSE:TTC)

Russell Investments Group Ltd. increased its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 70.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,939 shares of the company's stock after acquiring an additional 37,714 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Toro worth $7,284,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of TTC. Envestnet Asset Management Inc. raised its stake in Toro by 15.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 302,702 shares of the company's stock valued at $24,246,000 after purchasing an additional 41,615 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of Toro by 18.8% in the 4th quarter. Wedbush Securities Inc. now owns 7,986 shares of the company's stock valued at $640,000 after buying an additional 1,266 shares in the last quarter. Aviva PLC bought a new stake in shares of Toro during the 4th quarter worth approximately $4,617,000. Resona Asset Management Co. Ltd. bought a new position in Toro in the fourth quarter valued at approximately $2,418,000. Finally, Wells Fargo & Company MN raised its position in Toro by 12.0% during the fourth quarter. Wells Fargo & Company MN now owns 684,623 shares of the company's stock valued at $54,838,000 after purchasing an additional 73,300 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Trading Up 0.9 %

NYSE:TTC traded up $0.59 during trading hours on Friday, hitting $67.09. 668,017 shares of the company were exchanged, compared to its average volume of 972,294. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 16.73 and a beta of 0.72. The Toro Company has a one year low of $62.34 and a one year high of $100.93. The company has a fifty day simple moving average of $74.02 and a 200 day simple moving average of $80.09. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.

Toro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.27%. The ex-dividend date was Monday, March 31st. Toro's payout ratio is presently 38.87%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TTC shares. Northland Securities raised 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. StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. 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 report on Friday, March 7th. Raymond James dropped their price target on Toro from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, December 20th. Finally, DA Davidson reduced their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.75.

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.