The Toro Company (NYSE:TTC) Shares Bought by LRT Capital Management LLC

LRT Capital Management LLC lifted its stake in shares of The Toro Company (NYSE:TTC - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,641 shares of the company's stock after purchasing an additional 5,109 shares during the quarter. Toro comprises about 1.6% of LRT Capital Management LLC's investment portfolio, making the stock its 18th largest position. LRT Capital Management LLC's holdings in Toro were worth $2,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in TTC. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Toro by 45.5% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company's stock worth $563,207,000 after buying an additional 2,199,920 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Toro by 996,664.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 498,382 shares of the company's stock valued at $39,410,000 after acquiring an additional 498,332 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Toro during the 4th quarter valued at about $36,561,000. The Manufacturers Life Insurance Company raised its position in Toro by 411.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 464,609 shares of the company's stock worth $37,215,000 after acquiring an additional 373,736 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Toro by 693.0% during the fourth quarter. Victory Capital Management Inc. now owns 414,961 shares of the company's stock worth $33,238,000 after acquiring an additional 362,634 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Trading Up 0.8%

Shares of TTC opened at $72.38 on Monday. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93. The company has a market capitalization of $7.22 billion, a PE ratio of 18.05 and a beta of 0.83. The stock has a fifty day moving average of $70.47 and a two-hundred day moving average of $78.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors 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 annualized dividend and a yield of 2.10%. Toro's payout ratio is currently 38.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TTC shares. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. StockNews.com downgraded Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Northland Securities upgraded Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price objective on the stock in a research report on Monday, February 24th. DA Davidson decreased their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Robert W. Baird cut their target price on shares of Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Three investment 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's stock. According to MarketBeat, the company 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.

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