Siemens Fonds Invest GmbH Buys New Holdings in The Toro Company (NYSE:TTC)

Siemens Fonds Invest GmbH bought a new stake in The Toro Company (NYSE:TTC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,728 shares of the company’s stock, valued at approximately $138,000.

Several other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in Toro by 0.8% in the 4th quarter. Pacer Advisors Inc. now owns 15,298 shares of the company’s stock valued at $1,225,000 after purchasing an additional 120 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its holdings in Toro by 1.1% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company’s stock valued at $923,000 after acquiring an additional 127 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Toro by 30.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock valued at $43,000 after acquiring an additional 127 shares during the period. Northwest Financial Advisors raised its holdings in Toro by 2.0% in the 4th quarter. Northwest Financial Advisors now owns 6,945 shares of the company’s stock valued at $556,000 after acquiring an additional 139 shares during the period. Finally, Savant Capital LLC raised its holdings in Toro by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,293 shares of the company’s stock valued at $264,000 after acquiring an additional 158 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on TTC shares. Robert W. Baird lowered their price target on shares of Toro from $88.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. DA Davidson lowered their price target on shares of Toro from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Northland Capmk raised shares of Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. StockNews.com cut shares of Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Northland Securities raised shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Toro has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Toro Stock Up 1.8%

Shares of TTC opened at $77.86 on Monday. The Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93. The firm’s 50 day moving average is $70.52 and its 200-day moving average is $78.20. The stock has a market capitalization of $7.77 billion, a PE ratio of 19.42 and a beta of 0.83. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.

Toro Announces Dividend

The firm also recently announced 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 of this dividend was Monday, March 31st. This represents a $1.52 annualized dividend and a dividend yield of 1.95%. 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.