The Toro Company (NYSE:TTC) Stock Holdings Decreased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC cut its holdings in The Toro Company (NYSE:TTC) by 77.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,941 shares of the company’s stock after selling 16,752 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Toro were worth $396,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TTC. Asset Planning Inc acquired a new position in shares of Toro in the 4th quarter valued at about $31,000. CIBC Private Wealth Group LLC boosted its stake in Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock valued at $43,000 after purchasing an additional 127 shares during the period. Venturi Wealth Management LLC boosted its stake in Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company’s stock valued at $44,000 after purchasing an additional 362 shares during the period. First Horizon Advisors Inc. boosted its stake in Toro by 54.6% during the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company’s stock valued at $65,000 after purchasing an additional 285 shares during the period. Finally, Covestor Ltd boosted its stake in Toro by 60.5% during the 4th 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. 87.95% of the stock is owned by institutional investors and hedge funds.

Toro Stock Up 0.8%

TTC stock opened at $72.38 on Monday. The Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. The company’s 50 day simple moving average is $70.47 and its 200-day simple moving average is $78.37. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The firm has a market capitalization of $7.22 billion, a P/E ratio of 18.05 and a beta of 0.83.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued 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 dividend yield of 2.10%. Toro’s dividend payout ratio is currently 38.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Northland Capmk raised 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 price target for the company in a research note on Monday, February 24th. Robert W. Baird reduced 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. DA Davidson reduced their price target on shares of Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, StockNews.com lowered shares of Toro from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toro currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

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.