MML Investors Services LLC Boosts Stock Holdings in The Toro Company (NYSE:TTC)

MML Investors Services LLC increased its position in shares of The Toro Company (NYSE:TTC) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,196 shares of the company’s stock after buying an additional 1,261 shares during the period. MML Investors Services LLC’s holdings in Toro were worth $1,938,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Planning Inc acquired a new position in shares of Toro during the 4th quarter worth approximately $31,000. CIBC Private Wealth Group LLC increased its holdings in Toro by 30.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock worth $43,000 after acquiring an additional 127 shares in the last quarter. Venturi Wealth Management LLC raised its position in Toro by 195.7% during the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company’s stock worth $44,000 after acquiring an additional 362 shares during the period. First Horizon Advisors Inc. lifted its holdings in Toro by 54.6% during the fourth quarter. First Horizon Advisors Inc. now owns 807 shares of the company’s stock valued at $65,000 after purchasing an additional 285 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Toro by 60.5% in the fourth quarter. Covestor Ltd now owns 1,181 shares of the company’s stock valued at $95,000 after purchasing an additional 445 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Northland Securities raised shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research note on Monday, February 24th. Robert W. Baird lowered their price target on Toro from $88.00 to $84.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 21st. DA Davidson decreased their price objective on Toro from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, StockNews.com lowered shares of Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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 $68.50 on Wednesday. The business’s 50 day moving average price is $71.90 and its 200 day moving average price is $79.12. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 17.08 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 one year low of $62.34 and a one year high of $100.93.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given 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 dividend yield of 2.22%. Toro’s payout ratio is 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.