The Toro Company (NYSE:TTC) Shares Sold by Huntington National Bank

Huntington National Bank decreased its position in shares of The Toro Company (NYSE:TTC) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,909 shares of the company’s stock after selling 160 shares during the period. Huntington National Bank’s holdings in Toro were worth $233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTC. Asset Planning Inc acquired a new stake in shares of Toro during the fourth quarter worth about $31,000. Venturi Wealth Management LLC increased its stake in Toro by 195.7% during the 4th quarter. Venturi Wealth Management LLC now owns 547 shares of the company’s stock worth $44,000 after buying an additional 362 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock worth $43,000 after buying an additional 127 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Toro by 54.6% in the 4th quarter. First Horizon Advisors Inc. now owns 807 shares of the company’s stock valued at $65,000 after buying an additional 285 shares during the period. Finally, PrairieView Partners LLC grew its stake in shares of Toro by 14.7% in the fourth quarter. PrairieView Partners LLC now owns 1,547 shares of the company’s stock worth $123,000 after acquiring an additional 198 shares in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Trading Down 3.1 %

TTC opened at $65.63 on Friday. The business’s 50-day simple moving average is $77.56 and its 200-day simple moving average is $81.50. The company has a market cap of $6.55 billion, a P/E ratio of 16.37 and a beta of 0.72. The Toro Company has a one year low of $63.71 and a one year high of $100.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Toro declared that its board has approved a share buyback plan on Tuesday, December 10th that authorizes the company to repurchase 4,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a yield of 2.32%. Toro’s payout ratio is currently 38.87%.

Analyst Upgrades and Downgrades

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

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.