Schonfeld Strategic Advisors LLC Sells 16,752 Shares of The Toro Company (NYSE:TTC)

Schonfeld Strategic Advisors LLC lessened its holdings in The Toro Company (NYSE:TTC - Free Report) by 77.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,941 shares of the company's stock after selling 16,752 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Toro were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Toro by 45.5% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company's stock valued at $563,207,000 after acquiring an additional 2,199,920 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Toro by 996,664.0% in the fourth 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 period. Raymond James Financial Inc. purchased a new position in shares of Toro in the fourth quarter valued at about $36,561,000. The Manufacturers Life Insurance Company increased its position in shares of Toro by 411.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 464,609 shares of the company's stock valued at $37,215,000 after acquiring an additional 373,736 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Toro by 693.0% in the fourth quarter. Victory Capital Management Inc. now owns 414,961 shares of the company's stock valued at $33,238,000 after acquiring an additional 362,634 shares during the period. Hedge funds and other institutional investors own 87.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTC. Northland Securities upgraded shares of 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 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. Northland Capmk upgraded shares of Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. StockNews.com lowered shares of Toro from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Robert W. Baird cut their target price on shares of Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Three investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.75.

Toro Trading Up 0.1%

Shares of TTC traded up $0.08 during trading hours on Tuesday, reaching $75.88. 697,356 shares of the company traded hands, compared to its average volume of 977,432. The company's fifty day moving average price is $70.42 and its two-hundred day moving average price is $78.33. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 18.92 and a beta of 0.83. 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 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 issued a $0.38 dividend. 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 (DPR) is presently 38.87%.

Toro Company 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.