The Toro Company (NYSE:TTC) Shares Sold by London Co. of Virginia

London Co. of Virginia decreased its position in shares of The Toro Company (NYSE:TTC - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 414,097 shares of the company's stock after selling 9,171 shares during the period. London Co. of Virginia owned 0.41% of Toro worth $33,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of Toro by 0.8% during the 4th quarter. Pacer Advisors Inc. now owns 15,298 shares of the company's stock worth $1,225,000 after buying an additional 120 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its holdings in Toro by 1.1% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company's stock worth $923,000 after acquiring an additional 127 shares during the period. CIBC Private Wealth Group LLC grew its position in Toro by 30.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock valued at $43,000 after acquiring an additional 127 shares in the last quarter. Northwest Financial Advisors raised its stake in shares of Toro by 2.0% during the fourth quarter. Northwest Financial Advisors now owns 6,945 shares of the company's stock valued at $556,000 after purchasing an additional 139 shares during the period. Finally, Savant Capital LLC boosted its stake in shares of Toro by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,293 shares of the company's stock valued at $264,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 87.95% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on TTC shares. Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Robert W. Baird cut 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. 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. Finally, DA Davidson reduced their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.75.

Toro Stock Performance

Shares of TTC stock opened at $72.38 on Monday. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $70.47 and a two-hundred day moving average of $78.37. The company has a market cap of $7.22 billion, a P/E ratio of 18.05 and a beta of 0.83. The Toro Company has a 52 week low of $62.34 and a 52 week high of $100.93.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a dividend of $0.38 per share. The ex-dividend date was Monday, March 31st. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. 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.

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