D. E. Shaw & Co. Inc. Has $27.22 Million Position in The Toro Company (NYSE:TTC)

D. E. Shaw & Co. Inc. cut its position in shares of The Toro Company (NYSE:TTC) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 339,805 shares of the company’s stock after selling 79,605 shares during the period. D. E. Shaw & Co. Inc. owned 0.34% of Toro worth $27,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Deprince Race & Zollo Inc. lifted its holdings in Toro by 108.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 166,847 shares of the company’s stock valued at $13,364,000 after purchasing an additional 86,782 shares during the last quarter. Crestline Management LP bought a new position in shares of Toro in the fourth quarter valued at about $509,000. Captrust Financial Advisors lifted its stake in shares of Toro by 33.8% during the 4th quarter. Captrust Financial Advisors now owns 52,934 shares of the company’s stock worth $4,240,000 after buying an additional 13,373 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Toro by 5.3% during the 4th quarter. Baird Financial Group Inc. now owns 4,396 shares of the company’s stock worth $352,000 after buying an additional 220 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Toro by 172.9% in the 4th quarter. Ameriprise Financial Inc. now owns 368,368 shares of the company’s stock valued at $29,508,000 after buying an additional 233,397 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Toro Price Performance

Toro stock opened at $72.38 on Monday. The firm has a market cap of $7.22 billion, a PE ratio of 18.05 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The stock’s fifty day moving average price is $70.47 and its two-hundred day moving average price is $78.37. The Toro Company has a one year low of $62.34 and a one year high of $100.93.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Monday, March 31st. Toro’s dividend payout ratio (DPR) is presently 38.87%.

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.