Toro (NYSE:TTC) Price Target Raised to $85.00 at Robert W. Baird

Toro (NYSE:TTC - Free Report) had its price target boosted by Robert W. Baird from $84.00 to $85.00 in a research note released on Tuesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on TTC. DA Davidson cut their price target on Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Wall Street Zen downgraded Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target on the stock in a research note on Monday, February 24th. Finally, Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Three investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.00.

Toro Price Performance

Shares of NYSE:TTC traded down $1.06 on Tuesday, hitting $75.61. The company had a trading volume of 1,338,414 shares, compared to its average volume of 953,891. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The company has a market cap of $7.55 billion, a PE ratio of 18.86 and a beta of 0.83. Toro has a 52-week low of $62.34 and a 52-week high of $100.93. The business has a 50 day moving average of $71.04 and a 200 day moving average of $77.56.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $1.52 dividend on an annualized basis and a yield of 2.01%. Toro's dividend payout ratio is currently 38.87%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC increased its stake in shares of Toro by 127.2% in the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after purchasing an additional 206 shares during the period. Asset Planning Inc acquired a new position in shares of Toro in the 4th quarter worth $31,000. Brooklyn Investment Group raised its holdings in Toro by 94.1% during the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after buying an additional 240 shares during the period. Financial Harvest LLC acquired a new stake in shares of Toro during the first quarter valued at approximately $42,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of 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 buying an additional 127 shares during the period. 87.95% of the stock is currently owned by institutional investors.

About Toro

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.