The Toro Company (NYSE:TTC) Position Increased by ProShare Advisors LLC

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Planning Inc purchased a new stake in shares of Toro during the fourth quarter worth $31,000. Venturi Wealth Management LLC raised its holdings in shares of Toro by 195.7% during the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock worth $44,000 after acquiring an additional 362 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Toro by 30.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after acquiring an additional 127 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Toro by 54.6% during the fourth quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock valued at $65,000 after buying an additional 285 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Toro by 60.5% during the fourth quarter. Covestor Ltd now owns 1,181 shares of the company's stock valued at $95,000 after buying an additional 445 shares in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Trading Up 1.8%

Toro stock opened at $77.86 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The business's 50-day simple moving average is $70.52 and its 200-day simple moving average is $78.24. The firm has a market capitalization of $7.77 billion, a PE ratio of 19.42 and a beta of 0.83. The Toro Company has a 52 week low of $62.34 and a 52 week high of $100.93.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a $0.38 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.95%. Toro's payout ratio is presently 38.87%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTC. Northland Securities upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a report on Monday, February 24th. StockNews.com lowered Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. DA Davidson cut their target price on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Finally, Robert W. Baird cut their target price on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Three equities 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $89.75.

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.

Want to see what other hedge funds are holding TTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toro Company (NYSE:TTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.