Barclays PLC Sells 151,846 Shares of The Toro Company (NYSE:TTC)

Barclays PLC lessened its position in The Toro Company (NYSE:TTC) by 56.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 118,884 shares of the company’s stock after selling 151,846 shares during the period. Barclays PLC’s holdings in Toro were worth $9,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in Toro by 996,664.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 498,382 shares of the company’s stock worth $39,410,000 after purchasing an additional 498,332 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Toro in the fourth quarter valued at approximately $36,561,000. Victory Capital Management Inc. boosted its stake in shares of Toro by 693.0% during the 4th quarter. Victory Capital Management Inc. now owns 414,961 shares of the company’s stock worth $33,238,000 after acquiring an additional 362,634 shares during the period. Amundi increased its holdings in shares of Toro by 30.3% during the 4th quarter. Amundi now owns 1,121,116 shares of the company’s stock worth $89,701,000 after acquiring an additional 260,746 shares during the last quarter. Finally, Norges Bank bought a new stake in Toro in the 4th quarter valued at $12,379,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Stock Up 1.6 %

Shares of TTC opened at $66.87 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 stock has a market capitalization of $6.67 billion, a PE ratio of 16.68 and a beta of 0.72. The firm’s 50 day moving average is $73.23 and its 200-day moving average is $79.65. The Toro Company has a 12 month low of $62.34 and a 12 month high of $100.93.

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 issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.52 annualized dividend and a yield of 2.27%. Toro’s dividend payout ratio is presently 38.87%.

Analyst Upgrades and Downgrades

Several research firms have commented on TTC. DA Davidson decreased their price objective 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. Robert W. Baird cut their price objective on shares of Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. StockNews.com downgraded Toro from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, 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 report on Monday, February 24th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.75.

Toro 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.