Nissay Asset Management Corp Japan ADV Raises Stock Holdings in The Toro Company (NYSE:TTC)

Nissay Asset Management Corp Japan ADV lifted its holdings in shares of The Toro Company (NYSE:TTC) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,746 shares of the company’s stock after acquiring an additional 3,791 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Toro were worth $2,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. increased its position in shares of Toro by 0.8% during the fourth quarter. Pacer Advisors Inc. now owns 15,298 shares of the company’s stock valued at $1,225,000 after acquiring an additional 120 shares during the last quarter. Lowe Brockenbrough & Co. Inc. increased its position in Toro by 1.1% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company’s stock worth $923,000 after buying an additional 127 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in 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 buying an additional 127 shares during the last quarter. Northwest Financial Advisors increased its position in Toro by 2.0% in the fourth quarter. Northwest Financial Advisors now owns 6,945 shares of the company’s stock worth $556,000 after buying an additional 139 shares during the last quarter. Finally, Savant Capital LLC increased its position in Toro by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,293 shares of the company’s stock worth $264,000 after buying an additional 158 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TTC shares. DA Davidson decreased their target price on Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. StockNews.com downgraded Toro from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. 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. Robert W. Baird cut their price target on Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Toro Stock Performance

Shares of TTC opened at $77.86 on Friday. The company has a market cap of $7.77 billion, a PE ratio of 19.42 and a beta of 0.83. 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 50-day moving average price of $70.52 and a 200-day moving average price of $78.22. The Toro Company has a 12-month low of $62.34 and a 12-month high of $100.93.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were given a dividend of $0.38 per share. 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 1.95%. Toro’s dividend payout ratio (DPR) is presently 38.87%.

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.