Ensign Peak Advisors Inc Grows Stock Position in The Toro Company (NYSE:TTC)

Ensign Peak Advisors Inc lifted its holdings in The Toro Company (NYSE:TTC - Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 663,838 shares of the company's stock after purchasing an additional 45,477 shares during the quarter. Ensign Peak Advisors Inc owned about 0.66% of Toro worth $53,173,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Asset Planning Inc acquired a new stake in shares of Toro in the 4th quarter worth $31,000. Venturi Wealth Management LLC lifted its position in Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock worth $44,000 after acquiring an additional 362 shares during the period. CIBC Private Wealth Group LLC lifted its position in Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after acquiring an additional 127 shares during the period. First Horizon Advisors Inc. lifted its position in Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock worth $65,000 after acquiring an additional 285 shares during the period. Finally, Covestor Ltd lifted its position in Toro by 60.5% during the 4th quarter. Covestor Ltd now owns 1,181 shares of the company's stock worth $95,000 after acquiring an additional 445 shares during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on TTC. StockNews.com cut Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. 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 research report on Monday, February 24th. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Robert W. Baird lowered their price target on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, DA Davidson lowered their price target on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Toro currently has a consensus rating of "Moderate Buy" and an average target price of $89.75.

Toro Stock Performance

Shares of NYSE TTC traded up $3.45 during trading on Monday, reaching $75.78. 782,914 shares of the company traded hands, compared to its average volume of 977,898. The firm's fifty day simple moving average is $70.42 and its 200 day simple moving average is $78.33. The stock has a market cap of $7.56 billion, a P/E ratio of 18.90 and a beta of 0.83. The Toro Company has a 12-month low of $62.34 and a 12-month 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.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.38 per share. The ex-dividend date was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.01%. Toro's payout ratio is currently 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.