Bank of Montreal Can Has $3.53 Million Position in The Toro Company (NYSE:TTC)

Bank of Montreal Can decreased its holdings in shares of The Toro Company (NYSE:TTC) by 28.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,055 shares of the company’s stock after selling 17,329 shares during the quarter. Bank of Montreal Can’s holdings in Toro were worth $3,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Toro by 33.6% during the 4th quarter. LPL Financial LLC now owns 57,435 shares of the company’s stock worth $4,601,000 after buying an additional 14,433 shares during the period. Assenagon Asset Management S.A. lifted its position in 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 acquiring an additional 18,401 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Toro by 111.4% during the fourth quarter. Quantbot Technologies LP now owns 51,945 shares of the company’s stock worth $4,161,000 after acquiring an additional 27,376 shares during the period. Bank of New York Mellon Corp grew its position in shares of Toro by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company’s stock valued at $95,123,000 after purchasing an additional 60,068 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Toro by 3.2% during the fourth quarter. US Bancorp DE now owns 799,385 shares of the company’s stock worth $64,031,000 after purchasing an additional 24,596 shares during the period. 87.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TTC has been the subject of several recent research reports. Northland Securities upgraded 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 dropped their price objective 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 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, DA Davidson cut their price target on Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. 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 stock. According to MarketBeat.com, Toro has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Toro Trading Down 1.3 %

Shares of TTC stock opened at $67.44 on Wednesday. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93. The stock’s fifty day moving average price is $74.55 and its two-hundred day moving average price is $80.32. 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 company has a market cap of $6.73 billion, a PE ratio of 16.82 and a beta of 0.72.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.25%. Toro’s payout ratio is currently 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.