The Toro Company (NYSE:TTC) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC trimmed its stake in The Toro Company (NYSE:TTC) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 211,099 shares of the company’s stock after selling 6,640 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.21% of Toro worth $16,909,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TTC. Captrust Financial Advisors grew its position in shares of Toro by 33.8% in the fourth quarter. Captrust Financial Advisors now owns 52,934 shares of the company’s stock valued at $4,240,000 after purchasing an additional 13,373 shares during the period. LPL Financial LLC grew its position in shares of Toro by 33.6% in the fourth quarter. LPL Financial LLC now owns 57,435 shares of the company’s stock valued at $4,601,000 after purchasing an additional 14,433 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Toro by 294.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,652 shares of the company’s stock valued at $1,975,000 after purchasing an additional 18,401 shares during the period. Quantbot Technologies LP grew its position in shares of Toro by 111.4% in the fourth quarter. Quantbot Technologies LP now owns 51,945 shares of the company’s stock valued at $4,161,000 after purchasing an additional 27,376 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Toro by 5.3% in the fourth 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 period. 87.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on TTC. DA Davidson lowered their price objective on Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. StockNews.com downgraded Toro from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Robert W. Baird lowered their price objective on Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a research 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. Finally, Northland Securities raised Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. 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 Price Performance

TTC stock opened at $76.78 on Wednesday. The stock has a 50-day moving average price of $70.69 and a two-hundred day moving average price of $78.16. The Toro Company has a 12-month low of $62.34 and a 12-month high of $100.93. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The company has a market cap of $7.66 billion, a PE ratio of 19.15 and a beta of 0.83.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.98%. Toro’s dividend payout ratio is presently 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.