Liberty Square Wealth Partners LLC Invests $209,000 in The Toro Company (NYSE:TTC)

Liberty Square Wealth Partners LLC bought a new stake in The Toro Company (NYSE:TTC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,598 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in shares of Toro by 33.8% in the 4th quarter. Captrust Financial Advisors now owns 52,934 shares of the company’s stock valued at $4,240,000 after purchasing an additional 13,373 shares during the last quarter. LPL Financial LLC lifted its position in shares of Toro by 33.6% during the 4th quarter. LPL Financial LLC now owns 57,435 shares of the company’s stock worth $4,601,000 after purchasing an additional 14,433 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Toro by 111.4% during the fourth quarter. Quantbot Technologies LP now owns 51,945 shares of the company’s stock worth $4,161,000 after purchasing an additional 27,376 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Toro by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,187,550 shares of the company’s stock valued at $95,123,000 after buying an additional 60,068 shares during the last quarter. Finally, Bell Asset Management Ltd increased its holdings in Toro by 72.4% in the fourth quarter. Bell Asset Management Ltd now owns 77,756 shares of the company’s stock valued at $6,228,000 after buying an additional 32,661 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. 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. 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 note on Tuesday, March 11th. Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. Wall Street Zen lowered shares of Toro from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Finally, Robert W. Baird reduced 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. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.75.

Toro Stock Down 1.5%

Toro stock opened at $73.87 on Monday. The company has a market capitalization of $7.37 billion, a P/E ratio of 18.42 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $100.93. The stock has a 50-day simple moving average of $70.77 and a 200-day simple moving average of $77.92.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, June 17th. Toro’s payout ratio is currently 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.