ProShare Advisors LLC Boosts Stock Holdings in The Toro Company (NYSE:TTC)

ProShare Advisors LLC boosted its stake in shares of The Toro Company (NYSE:TTC - Free Report) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 409,775 shares of the company's stock after buying an additional 72,292 shares during the quarter. ProShare Advisors LLC owned 0.41% of Toro worth $32,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Toro by 45.5% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company's stock valued at $563,207,000 after purchasing an additional 2,199,920 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Toro by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company's stock valued at $95,123,000 after purchasing an additional 60,068 shares during the last quarter. Amundi grew its position in shares of Toro by 30.3% in the fourth quarter. Amundi now owns 1,121,116 shares of the company's stock valued at $89,701,000 after purchasing an additional 260,746 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Toro by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company's stock valued at $88,152,000 after purchasing an additional 164,069 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Toro by 36.9% in the fourth quarter. Northern Trust Corp now owns 1,081,782 shares of the company's stock valued at $86,651,000 after purchasing an additional 291,593 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Down 0.4%

Shares of TTC traded down $0.27 on Thursday, hitting $74.61. 149,782 shares of the stock traded hands, compared to its average volume of 966,393. 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 market capitalization of $7.45 billion, a P/E ratio of 18.60 and a beta of 0.83. The stock's 50 day moving average is $70.72 and its two-hundred day moving average is $78.14. The Toro Company has a 1 year low of $62.34 and a 1 year high of $100.93.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Tuesday, June 17th. Toro's payout ratio is 38.87%.

Wall Street Analyst Weigh In

Several analysts have recently commented on TTC shares. Northland Securities upgraded shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target on the stock in a research report on Monday, February 24th. DA Davidson lowered their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird lowered their price target 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. Wall Street Zen downgraded shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company 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.