Dark Forest Capital Management LP Trims Stock Holdings in The Toro Company (NYSE:TTC)

Dark Forest Capital Management LP reduced its stake in shares of The Toro Company (NYSE:TTC) by 81.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,138 shares of the company’s stock after selling 18,076 shares during the period. Dark Forest Capital Management LP’s holdings in Toro were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TTC. Hsbc Holdings PLC lifted its holdings in Toro by 95.2% during the fourth quarter. Hsbc Holdings PLC now owns 76,085 shares of the company’s stock valued at $6,109,000 after purchasing an additional 37,107 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of Toro by 7.9% during the 4th quarter. IHT Wealth Management LLC now owns 3,287 shares of the company’s stock valued at $263,000 after purchasing an additional 240 shares during the period. Stifel Financial Corp lifted its stake in shares of Toro by 20.3% during the 4th quarter. Stifel Financial Corp now owns 274,847 shares of the company’s stock valued at $22,015,000 after buying an additional 46,353 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Toro by 9.8% in the 4th quarter. OneDigital Investment Advisors LLC now owns 12,965 shares of the company’s stock worth $1,038,000 after buying an additional 1,159 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Toro by 136.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,116 shares of the company’s stock worth $490,000 after buying an additional 3,529 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TTC has been the subject of a number of recent analyst reports. DA Davidson dropped 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 cut their price objective on shares of Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a report 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 on the stock in a report on Monday, February 24th. StockNews.com downgraded shares of Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Northland Capmk upgraded Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Toro Stock Down 1.3 %

Shares of NYSE:TTC opened at $68.02 on Monday. 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 business has a 50 day simple moving average of $72.44 and a two-hundred day simple moving average of $79.29. The Toro Company has a 1 year low of $62.34 and a 1 year high of $100.93. The firm has a market capitalization of $6.79 billion, a PE ratio of 16.96 and a beta of 0.72.

Toro Dividend Announcement

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 2.23%. The ex-dividend date of this dividend was Monday, March 31st. Toro’s dividend payout ratio (DPR) is presently 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.