The Toro Company (NYSE:TTC) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its holdings in The Toro Company (NYSE:TTC) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 140,400 shares of the company’s stock after selling 6,824 shares during the quarter. Deutsche Bank AG’s holdings in Toro were worth $11,246,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TTC. Asset Planning Inc acquired a new position in shares of Toro during the 4th quarter worth $31,000. CIBC Private Wealth Group LLC increased its stake in shares of Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock valued at $43,000 after acquiring an additional 127 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 362 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company’s stock worth $65,000 after purchasing an additional 285 shares during the period. Finally, Covestor Ltd grew its holdings in shares of Toro by 60.5% during the 4th quarter. Covestor Ltd now owns 1,181 shares of the company’s stock worth $95,000 after purchasing an additional 445 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Trading Up 1.3%

NYSE:TTC opened at $76.38 on Friday. The business has a fifty day moving average of $70.47 and a 200-day moving average of $78.26. The Toro Company has a 1 year low of $62.34 and a 1 year high of $100.93. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 19.05 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.52 annualized dividend and a yield of 1.99%. Toro’s dividend payout ratio is currently 38.87%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TTC. Robert W. Baird decreased 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. StockNews.com cut Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Northland Capmk upgraded Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. DA Davidson decreased 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. Finally, Northland Securities upgraded 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. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.75.

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.