Cubist Systematic Strategies LLC Has $7.94 Million Stock Holdings in The Toro Company (NYSE:TTC)

Cubist Systematic Strategies LLC reduced its position in The Toro Company (NYSE:TTC - Free Report) by 61.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,078 shares of the company's stock after selling 157,847 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.10% of Toro worth $7,936,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TTC. Captrust Financial Advisors lifted its holdings in shares of Toro by 33.8% during the 4th quarter. Captrust Financial Advisors now owns 52,934 shares of the company's stock worth $4,240,000 after acquiring an additional 13,373 shares during the period. Baird Financial Group Inc. raised its position in Toro by 5.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock worth $352,000 after purchasing an additional 220 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Toro by 172.9% during the fourth quarter. Ameriprise Financial Inc. now owns 368,368 shares of the company's stock worth $29,508,000 after purchasing an additional 233,397 shares during the period. ArrowMark Colorado Holdings LLC boosted its holdings in Toro by 9.4% during 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. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Toro by 263.6% in the 4th 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 during the period. Institutional investors and hedge funds own 87.95% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird cut their target price on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Northland Securities raised 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. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, DA Davidson cut their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toro presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.75.

Toro Price Performance

Shares of TTC stock traded up $0.35 during trading hours on Tuesday, hitting $76.15. 173,076 shares of the company's stock were exchanged, compared to its average volume of 974,737. The Toro Company has a 52 week low of $62.34 and a 52 week high of $100.93. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 18.99 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The stock's 50-day moving average is $70.42 and its 200-day moving average is $78.33.

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 issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Monday, March 31st. Toro's dividend 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.