The Toro Company (NYSE:TTC) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC lessened its stake in shares of The Toro Company (NYSE:TTC) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 211,099 shares of the company’s stock after selling 6,640 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Toro were worth $16,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Toro by 45.5% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company’s stock worth $563,207,000 after purchasing an additional 2,199,920 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Toro by 5.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company’s stock worth $95,123,000 after purchasing an additional 60,068 shares in the last quarter. Amundi boosted its holdings in Toro by 30.3% in the fourth quarter. Amundi now owns 1,121,116 shares of the company’s stock valued at $89,701,000 after purchasing an additional 260,746 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Toro by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company’s stock valued at $88,152,000 after purchasing an additional 164,069 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Toro by 36.9% in the fourth quarter. Northern Trust Corp now owns 1,081,782 shares of the company’s stock valued at $86,651,000 after purchasing an additional 291,593 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analysts Set New Price Targets

TTC has been the subject of a number of analyst reports. DA Davidson reduced 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. Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. StockNews.com downgraded Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Northland Securities raised Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Monday, February 24th. Finally, Robert W. Baird reduced 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. Three research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Toro Trading Down 0.1%

Shares of NYSE TTC opened at $76.78 on Wednesday. The stock’s 50 day moving average price is $70.69 and its two-hundred day moving average price is $78.16. The Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. The stock has a market capitalization of $7.66 billion, a P/E ratio of 19.15 and a beta of 0.83. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.98%. Toro’s payout ratio is currently 38.87%.

Toro 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.