The Toro Company (NYSE:TTC) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in The Toro Company (NYSE:TTC) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,400 shares of the company’s stock after selling 6,824 shares during the period. Deutsche Bank AG owned approximately 0.14% of Toro worth $11,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Toro by 45.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,031,295 shares of the company’s stock worth $563,207,000 after purchasing an additional 2,199,920 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Toro by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company’s stock valued at $95,123,000 after purchasing an additional 60,068 shares during the last quarter. Amundi raised its stake in Toro by 30.3% in the 4th quarter. Amundi now owns 1,121,116 shares of the company’s stock valued at $89,701,000 after purchasing an additional 260,746 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Toro by 17.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,100,503 shares of the company’s stock valued at $88,152,000 after purchasing an additional 164,069 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Toro by 36.9% in the 4th quarter. Northern Trust Corp now owns 1,081,782 shares of the company’s stock valued at $86,651,000 after buying an additional 291,593 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Trading Up 1.3%

NYSE:TTC opened at $76.38 on Friday. The stock’s 50 day moving average price is $70.47 and its 200 day moving average price is $78.26. The company has a market capitalization of $7.62 billion, a PE ratio of 19.05 and a beta of 0.83. 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 Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Monday, March 31st. Toro’s dividend payout ratio is presently 38.87%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TTC shares. DA Davidson dropped their target price on Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Robert W. Baird lowered 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. Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. StockNews.com lowered Toro from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, Northland Securities raised 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. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

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.