Bokf Na Lowers Position in The Toro Company (NYSE:TTC)

Bokf Na trimmed its position in shares of The Toro Company (NYSE:TTC) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,178 shares of the company’s stock after selling 229 shares during the period. Bokf Na’s holdings in Toro were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TTC. LPL Financial LLC grew its stake in Toro by 33.6% in the 4th quarter. LPL Financial LLC now owns 57,435 shares of the company’s stock valued at $4,601,000 after acquiring an additional 14,433 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Toro by 294.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,652 shares of the company’s stock worth $1,975,000 after buying an additional 18,401 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Toro by 111.4% during the 4th quarter. Quantbot Technologies LP now owns 51,945 shares of the company’s stock worth $4,161,000 after purchasing an additional 27,376 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Toro by 5.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company’s stock worth $95,123,000 after purchasing an additional 60,068 shares during the period. Finally, Bell Asset Management Ltd lifted its stake in Toro by 72.4% during the fourth quarter. Bell Asset Management Ltd now owns 77,756 shares of the company’s stock worth $6,228,000 after purchasing an additional 32,661 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Up 0.8 %

NYSE TTC opened at $72.38 on Friday. 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 50-day moving average price of $70.47 and a 200 day moving average price of $78.42. The Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. The stock has a market capitalization of $7.22 billion, a P/E ratio of 18.05 and a beta of 0.83.

Toro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.10%. The ex-dividend date was Monday, March 31st. Toro’s payout ratio is 38.87%.

Wall Street Analyst Weigh In

TTC has been the subject of a number of research reports. DA Davidson reduced their price objective on Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Robert W. Baird decreased their price target on shares of Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Northland Securities raised shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a report on Monday, February 24th. StockNews.com lowered Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.