The Toro Company (NYSE:TTC) Stock Position Increased by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC raised its position in The Toro Company (NYSE:TTC - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,024,721 shares of the company's stock after purchasing an additional 87,926 shares during the quarter. Toro comprises approximately 1.1% of ArrowMark Colorado Holdings LLC's investment portfolio, making the stock its 28th biggest holding. ArrowMark Colorado Holdings LLC owned 1.02% of Toro worth $82,080,000 at the end of the most recent quarter.

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

Toro Price Performance

Shares of NYSE:TTC opened at $70.71 on Friday. The company has a market capitalization of $7.06 billion, a PE ratio of 17.63 and a beta of 0.83. 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 stock has a fifty day moving average of $71.24 and a 200-day moving average of $78.85. The Toro Company has a one year low of $62.34 and a one year high of $100.93.

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Monday, March 31st. Toro's dividend payout ratio is 38.87%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TTC. StockNews.com cut shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Robert W. Baird decreased their price target on Toro from $88.00 to $84.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Northland Capmk upgraded Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. DA Davidson cut their price objective on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Toro has a consensus rating of "Moderate Buy" and an average price target of $89.75.

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.

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