Kennedy Capital Management LLC Sells 1,884 Shares of The Toro Company (NYSE:TTC)

Kennedy Capital Management LLC reduced its stake in The Toro Company (NYSE:TTC) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 93,125 shares of the company’s stock after selling 1,884 shares during the period. Kennedy Capital Management LLC owned approximately 0.09% of Toro worth $7,459,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. raised its stake in Toro by 0.8% during the fourth quarter. Pacer Advisors Inc. now owns 15,298 shares of the company’s stock valued at $1,225,000 after purchasing an additional 120 shares in the last quarter. Lowe Brockenbrough & Co. Inc. increased its holdings in shares of Toro by 1.1% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company’s stock worth $923,000 after buying an additional 127 shares during the last quarter. CIBC Private Wealth Group LLC raised its position 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 buying an additional 127 shares in the last quarter. Northwest Financial Advisors lifted its holdings in shares of Toro by 2.0% in the 4th quarter. Northwest Financial Advisors now owns 6,945 shares of the company’s stock valued at $556,000 after acquiring an additional 139 shares during the last quarter. Finally, Savant Capital LLC grew its position in 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 acquiring 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 equities research analysts have issued reports on TTC shares. Northland Capmk upgraded Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. DA Davidson decreased their price target on Toro from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. StockNews.com lowered shares of Toro from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Raymond James reduced their target price on shares of Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Finally, Northland Securities raised shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toro presently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Toro Stock Performance

Shares of Toro stock opened at $68.01 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $75.07 and its two-hundred day moving average is $80.58. The Toro Company has a 52 week low of $62.34 and a 52 week high of $100.93. The company has a market capitalization of $6.79 billion, a PE ratio of 16.96 and a beta of 0.72.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Monday, March 31st. Toro’s payout ratio 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.