Evergreen Capital Management LLC Acquires 545 Shares of The Toro Company (NYSE:TTC)

Evergreen Capital Management LLC raised its holdings in The Toro Company (NYSE:TTC) by 6.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,807 shares of the company’s stock after buying an additional 545 shares during the quarter. Evergreen Capital Management LLC’s holdings in Toro were worth $708,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board lifted its stake in shares of Toro by 119.6% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 30,672 shares of the company’s stock valued at $2,457,000 after buying an additional 16,706 shares during the period. Petros Family Wealth LLC bought a new stake in shares of Toro during the fourth quarter valued at approximately $280,000. Sterling Capital Management LLC raised its stake in shares of Toro by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 6,188 shares of the company’s stock valued at $496,000 after purchasing an additional 2,207 shares in the last quarter. Covestor Ltd lifted its position in Toro by 60.5% in the fourth 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. Finally, Argent Trust Co increased its holdings in Toro by 52.7% in the 4th quarter. Argent Trust Co now owns 5,983 shares of the company’s stock valued at $479,000 after buying an additional 2,064 shares during the period. 87.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TTC. Raymond James reduced their price objective on shares of Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, December 20th. 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. Robert W. Baird dropped their target price 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 downgraded Toro from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, Northland Capmk upgraded Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Toro Stock Up 0.9 %

Shares of TTC opened at $67.09 on Friday. The company has a market capitalization of $6.70 billion, a P/E ratio of 16.73 and a beta of 0.72. The Toro Company has a one year low of $62.34 and a one year high of $100.93. The business’s 50 day simple moving average is $73.76 and its 200-day simple moving average is $79.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74.

Toro Dividend Announcement

The firm also recently disclosed 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 2.27%. The ex-dividend date of this dividend was Monday, March 31st. Toro’s dividend payout ratio is currently 38.87%.

Toro Company 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.