Captrust Financial Advisors Increases Stock Holdings in The Toro Company (NYSE:TTC)

Captrust Financial Advisors raised its position in The Toro Company (NYSE:TTC - Free Report) by 33.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,934 shares of the company's stock after acquiring an additional 13,373 shares during the quarter. Captrust Financial Advisors owned approximately 0.05% of Toro worth $4,240,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Baird Financial Group Inc. grew its position in shares of Toro by 5.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock worth $352,000 after buying an additional 220 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Toro by 172.9% in the fourth quarter. Ameriprise Financial Inc. now owns 368,368 shares of the company's stock valued at $29,508,000 after purchasing an additional 233,397 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Toro by 9.4% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,024,721 shares of the company's stock valued at $82,080,000 after purchasing an additional 87,926 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Toro by 263.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,911 shares of the company's stock valued at $874,000 after purchasing an additional 7,910 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Toro by 836.4% in the fourth quarter. Jane Street Group LLC now owns 92,355 shares of the company's stock valued at $7,398,000 after purchasing an additional 82,492 shares in the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Toro Stock Performance

Toro stock traded up $0.43 during mid-day trading on Thursday, reaching $75.84. 272,548 shares of the company were exchanged, compared to its average volume of 973,323. The Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. 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 firm's 50-day simple moving average is $70.49 and its two-hundred day simple moving average is $78.29. The firm has a market cap of $7.57 billion, a PE ratio of 18.90 and a beta of 0.83.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Monday, March 31st. Toro's dividend payout ratio (DPR) is presently 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.