Two Sigma Securities LLC Invests $413,000 in The Toro Company (NYSE:TTC)

Two Sigma Securities LLC bought a new position in shares of The Toro Company (NYSE:TTC) in the fourth quarter, Holdings Channel reports. The firm bought 5,150 shares of the company’s stock, valued at approximately $413,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTC. Kayne Anderson Rudnick Investment Management LLC grew its stake in 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 buying an additional 2,199,920 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Toro by 996,664.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 498,382 shares of the company’s stock worth $39,410,000 after purchasing an additional 498,332 shares during the period. Raymond James Financial Inc. acquired a new stake in Toro in the 4th quarter valued at $36,561,000. Victory Capital Management Inc. raised its position in Toro by 693.0% in the fourth quarter. Victory Capital Management Inc. now owns 414,961 shares of the company’s stock valued at $33,238,000 after purchasing an additional 362,634 shares during the period. Finally, Amundi lifted its stake in shares of Toro by 30.3% during the fourth quarter. Amundi now owns 1,121,116 shares of the company’s stock worth $89,701,000 after purchasing an additional 260,746 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Stock Performance

Shares of TTC opened at $68.02 on Friday. The Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. 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 firm has a market cap of $6.79 billion, a price-to-earnings ratio of 16.96 and a beta of 0.72. The business’s 50 day moving average is $72.44 and its two-hundred day moving average is $79.32.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.38 per share. The ex-dividend date was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 2.23%. Toro’s dividend payout ratio (DPR) is 38.87%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TTC. DA Davidson lowered their target price on Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Northland Capmk upgraded shares of Toro from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 21st. Northland Securities raised shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Monday, February 24th. StockNews.com lowered shares of Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Robert W. Baird cut their price objective 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. Three research 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. According to data from MarketBeat.com, Toro currently has an average rating of “Moderate Buy” and a consensus 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.