Price T Rowe Associates Inc. MD Sells 598,415 Shares of The Toro Company (NYSE:TTC)

by · The Cerbat Gem

Price T Rowe Associates Inc. MD lowered its position in The Toro Company (NYSE:TTC – Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,786,606 shares of the company’s stock after selling 598,415 shares during the period. Price T Rowe Associates Inc. MD owned about 8.73% of Toro worth $703,808,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have issued reports on TTC shares. StockNews.com downgraded Toro from a “buy” rating to a “hold” rating in a research note 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. Northland Capmk upgraded shares of Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. Robert W. Baird reduced their target price 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. Finally, DA Davidson lowered their price target on shares of Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Toro presently has an average rating of “Moderate Buy” and an average price target of $89.75.

View Our Latest Research Report on TTC

Toro Trading Up 2.5 %

Shares of TTC opened at $68.87 on Friday. The Toro Company has a twelve month low of $62.34 and a twelve month high of $100.93. 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’s fifty day simple moving average is $72.73 and its 200-day simple moving average is $79.46. The company has a market cap of $6.87 billion, a P/E ratio of 17.17 and a beta of 0.72.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders 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 2.21%. Toro’s dividend payout ratio (DPR) is presently 38.87%.

Toro Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding TTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toro Company (NYSE:TTC – Free Report).