Capital Fund Management S.A. Acquires Shares of 18,818 The Toro Company (NYSE:TTC)

Capital Fund Management S.A. bought a new position in shares of The Toro Company (NYSE:TTC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,818 shares of the company’s stock, valued at approximately $1,507,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTC. HighTower Advisors LLC raised its stake in shares of Toro by 8.2% in the third quarter. HighTower Advisors LLC now owns 8,447 shares of the company’s stock worth $726,000 after purchasing an additional 641 shares during the last quarter. Toronto Dominion Bank lifted its stake in Toro by 30.5% during the 3rd quarter. Toronto Dominion Bank now owns 13,129 shares of the company’s stock valued at $1,139,000 after acquiring an additional 3,069 shares in the last quarter. Virtu Financial LLC purchased a new position in Toro during the 3rd quarter worth $592,000. SkyView Investment Advisors LLC grew its stake in shares of Toro by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 10,168 shares of the company’s stock worth $882,000 after acquiring an additional 298 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Toro by 23.8% in the third quarter. Sanctuary Advisors LLC now owns 17,245 shares of the company’s stock valued at $1,468,000 after purchasing an additional 3,316 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analyst Ratings Changes

TTC has been the subject of a number of recent analyst reports. DA Davidson reduced their price objective on shares of Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Northland Securities raised Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Monday, February 24th. Raymond James cut their price objective on Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. Finally, StockNews.com cut Toro from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Three equities research 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.75.

Toro Price Performance

Toro stock opened at $67.44 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $74.55 and its 200 day simple moving average is $80.32. The Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 16.82 and a beta of 0.72.

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 paid a dividend of $0.38 per share. The ex-dividend date was Monday, March 31st. This represents a $1.52 annualized dividend and a dividend yield of 2.25%. Toro’s payout ratio is 38.87%.

About Toro

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.