Ensign Peak Advisors Inc Buys 45,477 Shares of The Toro Company (NYSE:TTC)

Ensign Peak Advisors Inc grew its holdings in The Toro Company (NYSE:TTC - Free Report) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 663,838 shares of the company's stock after purchasing an additional 45,477 shares during the period. Ensign Peak Advisors Inc owned approximately 0.66% of Toro worth $53,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TTC. Franklin Resources Inc. lifted its holdings in shares of Toro by 27.8% during the 3rd quarter. Franklin Resources Inc. now owns 47,912 shares of the company's stock valued at $3,989,000 after buying an additional 10,409 shares during the last quarter. Eagle Bay Advisors LLC increased its stake in shares of Toro by 87.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,657 shares of the company's stock worth $133,000 after purchasing an additional 772 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Toro by 309.3% during the 4th quarter. AdvisorNet Financial Inc now owns 1,768 shares of the company's stock valued at $142,000 after purchasing an additional 1,336 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Toro by 294.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,652 shares of the company's stock valued at $1,975,000 after purchasing an additional 18,401 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in Toro by 13.7% during the fourth quarter. Park Avenue Securities LLC now owns 9,268 shares of the company's stock worth $742,000 after buying an additional 1,117 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Price Performance

Shares of NYSE TTC traded up $0.61 during midday trading on Thursday, reaching $76.02. 392,809 shares of the company traded hands, compared to its average volume of 973,797. The firm has a market cap of $7.59 billion, a PE ratio of 18.95 and a beta of 0.83. 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 stock's 50-day simple moving average is $70.49 and its 200-day simple moving average is $78.29. The Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.38 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.52 annualized dividend and a yield of 2.00%. Toro's payout ratio is 38.87%.

Analyst Upgrades and Downgrades

TTC has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. DA Davidson decreased their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research note 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 report on Friday, March 7th. Finally, Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective for the company in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.75.

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.