Champlain Investment Partners LLC Lowers Holdings in The Toro Company (NYSE:TTC)

Champlain Investment Partners LLC lessened its stake in The Toro Company (NYSE:TTC) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,550,336 shares of the company’s stock after selling 126,345 shares during the quarter. Champlain Investment Partners LLC owned approximately 1.54% of Toro worth $124,182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTC. Asset Planning Inc bought a new position in shares of Toro during the 4th quarter valued at about $31,000. Venturi Wealth Management LLC boosted its stake 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. CIBC Private Wealth Group LLC raised its holdings in shares of Toro by 30.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock worth $43,000 after buying an additional 127 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Toro by 54.6% during the fourth 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 last quarter. Finally, Covestor Ltd boosted its position in Toro by 60.5% in the 4th quarter. Covestor Ltd now owns 1,181 shares of the company’s stock valued at $95,000 after buying an additional 445 shares during the period. Institutional investors own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

TTC has been the subject of a number of research analyst reports. StockNews.com lowered Toro from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Raymond James decreased their price objective on Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Robert W. Baird dropped 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. DA Davidson reduced 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. 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Toro currently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Toro Stock Down 1.4 %

NYSE:TTC opened at $66.52 on Thursday. The company’s 50-day simple moving average is $74.28 and its 200-day simple moving average is $80.23. The stock has a market capitalization of $6.64 billion, a P/E ratio of 16.59 and a beta of 0.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders 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 2.29%. The ex-dividend date of this dividend was Monday, March 31st. Toro’s dividend payout ratio (DPR) is presently 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.