Stifel Financial Corp Has $22.02 Million Stake in The Toro Company (NYSE:TTC)

Stifel Financial Corp grew its position in The Toro Company (NYSE:TTC - Free Report) by 20.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 274,847 shares of the company's stock after acquiring an additional 46,353 shares during the period. Stifel Financial Corp owned 0.27% of Toro worth $22,015,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. LPL Financial LLC boosted its stake in Toro by 33.6% in the fourth quarter. LPL Financial LLC now owns 57,435 shares of the company's stock worth $4,601,000 after purchasing an additional 14,433 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Toro by 294.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,652 shares of the company's stock worth $1,975,000 after buying an additional 18,401 shares in the last quarter. Quantbot Technologies LP grew its holdings in Toro by 111.4% during the 4th quarter. Quantbot Technologies LP now owns 51,945 shares of the company's stock worth $4,161,000 after acquiring an additional 27,376 shares during the last quarter. Bank of New York Mellon Corp increased its position in Toro by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock valued at $95,123,000 after acquiring an additional 60,068 shares in the last quarter. Finally, Bell Asset Management Ltd raised its stake in shares of Toro by 72.4% in the fourth quarter. Bell Asset Management Ltd now owns 77,756 shares of the company's stock worth $6,228,000 after acquiring an additional 32,661 shares during the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TTC shares. DA Davidson lowered their price target 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. Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target on the stock in a research note on Monday, February 24th. Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. 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. Finally, StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Three equities research 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 stock. Based on data from MarketBeat.com, Toro has an average rating of "Moderate Buy" and a consensus price target of $89.75.

Toro Stock Down 0.9 %

Shares of NYSE:TTC traded down $0.62 during trading on Wednesday, hitting $67.92. 78,403 shares of the company's stock traded hands, compared to its average volume of 1,058,427. The company has a 50-day moving average price of $71.90 and a 200-day moving average price of $79.12. The Toro Company has a 52 week low of $62.34 and a 52 week high of $100.93. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 16.94 and a beta of 0.72.

Toro Announces Dividend

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