Sterling Capital Management LLC Buys 2,207 Shares of The Toro Company (NYSE:TTC)

Sterling Capital Management LLC lifted its position in The Toro Company (NYSE:TTC) by 55.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,188 shares of the company’s stock after buying an additional 2,207 shares during the quarter. Sterling Capital Management LLC’s holdings in Toro were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Asset Planning Inc acquired a new position in Toro during the 4th quarter worth $31,000. CIBC Private Wealth Group LLC increased its stake in shares of Toro by 30.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock worth $43,000 after purchasing an additional 127 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company’s stock worth $44,000 after purchasing an additional 362 shares during the last quarter. 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 grew its holdings in Toro by 60.5% in the 4th quarter. Covestor Ltd now owns 1,181 shares of the company’s stock valued at $95,000 after buying an additional 445 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTC. Northland Securities raised Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a research report on Monday, February 24th. StockNews.com cut shares of Toro from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. DA Davidson decreased their price target on Toro from $86.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Robert W. Baird dropped their price objective on Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Northland Capmk upgraded shares of Toro from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 21st. Three equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.75.

Toro Trading Up 0.9 %

Shares of TTC opened at $67.09 on Friday. The stock has a fifty day moving average price of $74.02 and a two-hundred day moving average price of $80.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The Toro Company has a 52-week low of $62.34 and a 52-week high of $100.93. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 16.73 and a beta of 0.72.

Toro Announces Dividend

The business 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 2.27%. The ex-dividend date of this dividend was Monday, March 31st. Toro’s 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.