Speece Thorson Capital Group Inc. Has $16.83 Million Stock Holdings in The Toro Company (NYSE:TTC)

Speece Thorson Capital Group Inc. increased its holdings in shares of The Toro Company (NYSE:TTC - Free Report) by 45.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,156 shares of the company's stock after buying an additional 65,718 shares during the period. Toro accounts for about 3.3% of Speece Thorson Capital Group Inc.'s investment portfolio, making the stock its 7th biggest holding. Speece Thorson Capital Group Inc. owned approximately 0.21% of Toro worth $16,833,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Asset Planning Inc bought a new position in Toro during the fourth quarter worth about $31,000. Venturi Wealth Management LLC boosted its stake in Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock worth $44,000 after acquiring an additional 362 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after acquiring an additional 127 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Toro by 54.6% in the fourth quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock valued at $65,000 after purchasing an additional 285 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Toro by 60.5% during the fourth quarter. Covestor Ltd now owns 1,181 shares of the company's stock worth $95,000 after purchasing an additional 445 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Toro Price Performance

Shares of NYSE TTC traded down $0.48 during mid-day trading on Friday, reaching $68.41. The company had a trading volume of 129,241 shares, compared to its average volume of 968,757. The Toro Company has a one year low of $62.34 and a one year high of $100.93. The business's 50-day simple moving average is $72.73 and its 200 day simple moving average is $79.46. 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 has a market cap of $6.83 billion, a price-to-earnings ratio of 17.05 and a beta of 0.72.

Toro Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.22%. Toro's dividend payout ratio (DPR) is currently 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.