Vident Investment Advisory LLC increased its position in shares of Toro Co (NYSE:TTC) by 70.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,459 shares of the company’s stock after acquiring an additional 3,912 shares during the quarter. Vident Investment Advisory LLC’s holdings in Toro were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new position in Toro in the third quarter valued at about $172,000. Premia Global Advisors LLC acquired a new position in Toro in the fourth quarter valued at about $180,000. Advisor Partners LLC acquired a new position in Toro in the fourth quarter valued at about $214,000. Sciencast Management LP acquired a new position in Toro in the fourth quarter valued at about $236,000. Finally, Granite Investment Advisors LLC acquired a new position in Toro in the fourth quarter valued at about $261,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Toro stock opened at $59.84 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.57. The stock has a market cap of $6,414.49, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. Toro Co has a one year low of $58.39 and a one year high of $73.86.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, April 4th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.34%. Toro’s dividend payout ratio (DPR) is presently 36.20%.
In other Toro news, VP Richard W. Rodier sold 3,000 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $63.27, for a total transaction of $189,810.00. Following the sale, the vice president now directly owns 26,122 shares in the company, valued at $1,652,738.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Blake M. Grams sold 8,200 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $64.47, for a total transaction of $528,654.00. Following the sale, the vice president now owns 8,200 shares in the company, valued at $528,654. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 87,000 shares of company stock worth $11,910 and have sold 65,200 shares worth $4,277,684. 5.69% of the stock is owned by corporate insiders.
Separately, Zacks Investment Research raised shares of Toro from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, December 19th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $71.00.
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The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.
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