The Toro Company (NYSE:TTC) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its holdings in shares of The Toro Company (NYSE:TTC) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,943 shares of the company’s stock after selling 7,965 shares during the period. Nuveen Asset Management LLC owned 0.19% of Toro worth $15,375,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in Toro by 0.8% during the 4th quarter. Pacer Advisors Inc. now owns 15,298 shares of the company’s stock worth $1,225,000 after purchasing an additional 120 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its stake in Toro by 1.1% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company’s stock worth $923,000 after purchasing an additional 127 shares during the period. CIBC Private Wealth Group LLC boosted its stake 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 purchasing an additional 127 shares during the period. Northwest Financial Advisors boosted its stake in Toro by 2.0% during the 4th quarter. Northwest Financial Advisors now owns 6,945 shares of the company’s stock worth $556,000 after purchasing an additional 139 shares during the period. Finally, Savant Capital LLC lifted its stake in shares of Toro by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,293 shares of the company’s stock worth $264,000 after acquiring an additional 158 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analysts Set New Price Targets

TTC has been the subject of several recent analyst reports. Northland Securities upgraded shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Monday, February 24th. Northland Capmk upgraded shares of Toro from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 21st. Robert W. Baird reduced their target price on shares of Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. DA Davidson reduced their target price on shares of Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, Wall Street Zen downgraded shares of Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.75.

Toro Stock Performance

NYSE:TTC opened at $73.87 on Monday. The firm has a 50 day simple moving average of $70.77 and a 200-day simple moving average of $77.92. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The firm has a market cap of $7.37 billion, a PE ratio of 18.42 and a beta of 0.83. The Toro Company has a 1-year low of $62.34 and a 1-year high of $100.93.

Toro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. 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.