Shelton Capital Management Has $314,000 Stock Position in The Toro Company (NYSE:TTC)

Shelton Capital Management cut its holdings in The Toro Company (NYSE:TTC) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,920 shares of the company’s stock after selling 207 shares during the period. Shelton Capital Management’s holdings in Toro were worth $314,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Toro by 0.8% in the 4th quarter. Pacer Advisors Inc. now owns 15,298 shares of the company’s stock valued at $1,225,000 after buying an additional 120 shares during the last quarter. Lowe Brockenbrough & Co. Inc. increased its position in shares of Toro by 1.1% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company’s stock valued at $923,000 after acquiring an additional 127 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in Toro by 30.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock worth $43,000 after acquiring an additional 127 shares in the last quarter. Northwest Financial Advisors boosted its position in Toro by 2.0% during the fourth quarter. Northwest Financial Advisors now owns 6,945 shares of the company’s stock valued at $556,000 after purchasing an additional 139 shares during the last quarter. Finally, Savant Capital LLC grew its stake in Toro by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,293 shares of the company’s stock valued at $264,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Northland Securities raised Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a report on Monday, February 24th. Northland Capmk raised shares of Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. Raymond James dropped their target price on shares of Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. StockNews.com cut Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Robert W. Baird dropped their price objective on Toro from $88.00 to $84.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Toro Stock Performance

Shares of TTC stock opened at $66.66 on Friday. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 16.62 and a beta of 0.72. 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 52 week low of $62.34 and a 52 week high of $100.93. The company has a 50-day simple moving average of $75.33 and a 200 day simple moving average of $80.71.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Monday, March 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.28%. Toro’s dividend payout ratio (DPR) 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.