Short Interest Runner: Toro Company (NYSE:TTC) Sellers Increased By 3.01% Their Shorts

November 17, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Runner: Toro Company (NYSE:TTC) Sellers Increased By 3.01% Their Shorts

The stock of Toro Company (NYSE:TTC) registered an increase of 3.01% in short interest. TTC’s total short interest was 2.06 million shares in November as published by FINRA. Its up 3.01% from 2.00M shares, reported previously. With 411,300 shares average volume, it will take short sellers 5 days to cover their TTC’s short positions. The short interest to Toro Company’s float is 1.93%. About 274,717 shares traded hands. Toro Co (NYSE:TTC) has risen 17.65% since April 15, 2016 and is uptrending. It has outperformed by 13.03% the S&P500.

The Toro Company designs, manufactures and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The company has a market cap of $5.88 billion. The Firm operates through three divisions: Professional, Residential and Distribution. It has a 26.49 P/E ratio. The Professional segment consists of turf and landscape equipment, irrigation products, and professional snow and ice removal equipment.

Insitutional Activity: The institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.02, from 1.14 in 2016Q1. The ratio increased, as 30 funds sold all Toro Co shares owned while 97 reduced positions. 38 funds bought stakes while 109 increased positions. They now own 39.80 million shares or 8.41% less from 43.45 million shares in 2016Q1.
Adage Capital Prtnrs Gru Ltd Liability Com has 50,353 shares for 0.01% of their US portfolio. Cubist Systematic Strategies Lc holds 0.02% of its portfolio in Toro Co (NYSE:TTC) for 3,488 shares. Moreover, Comerica Financial Bank has 0.05% invested in Toro Co (NYSE:TTC) for 65,871 shares. Blackrock has 39,880 shares for 0% of their US portfolio. The Texas-based Teacher Retirement Of Texas has invested 0% in Toro Co (NYSE:TTC). Carderock Management Inc reported 49,460 shares or 2.31% of all its holdings. Tci Wealth reported 1,499 shares or 0.07% of all its holdings. Int Grp accumulated 106,095 shares or 0% of the stock. Advisory Services Ltd Limited Liability Company has invested 0.04% of its portfolio in Toro Co (NYSE:TTC). Wedge Cap L Limited Partnership Nc holds 74,518 shares or 0.05% of its portfolio. Moreover, Hillsdale Inv Management has 0% invested in Toro Co (NYSE:TTC) for 120 shares. Chase Inv Counsel owns 16,038 shares or 0.63% of their US portfolio. Impax Asset Mgmt Limited owns 533,403 shares or 2.35% of their US portfolio. Fuller & Thaler Asset Mngmt has 570 shares for 0% of their US portfolio. Amer Century holds 0.02% or 237,455 shares in its portfolio.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 4 selling transactions for $12.91 million net activity. Shares for $590,034 were sold by BROWN WILLIAM E JR. Another trade for 6,600 shares valued at $587,400 was made by BURKART PHILIP A on Friday, May 27. On Wednesday, June 29 the insider HOFFMAN MICHAEL J sold $10.86 million.

Toro Co (NYSE:TTC) Ratings Coverage

Out of 4 analysts covering Toro (NYSE:TTC), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Toro has been the topic of 4 analyst reports since December 4, 2015 according to StockzIntelligence Inc. Longbow downgraded the shares of TTC in a report on Friday, December 4 to “Neutral” rating. Dougherty & Company initiated the stock with “Buy” rating in Friday, November 4 report. The rating was downgraded by Sidoti to “Neutral” on Friday, June 10. The stock of Toro Co (NYSE:TTC) earned “Neutral” rating by Seaport Global on Tuesday, May 24.

TTC Company Profile

The Toro Company (Toro), incorporated on November 7, 1983, designs, makes, and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting, agricultural micro-irrigation systems, rental and construction equipment, and residential yard and snow removal products. The Firm sells its products across the world through a network of distributors, dealers, hardware retailers, home centers, mass retailers, and over the Internet under the names of Toro, Exmark, Irritrol, Hayter, Pope, Unique Lighting Systems, Lawn-Boy and Lawn Genie. The Firm operates in three business divisions: Professional, Residential, and Distribution, which consists of the Company’s owned domestic distributorships.

More notable recent Toro Co (NYSE:TTC) news were published by: Startribune.com which released: “The Toro Co. aides in final Ryder Cup course preparations” on September 27, 2016, also Startribune.com with their article: “Toro Co. promotes Richard Olson to role of CEO” published on July 19, 2016, Startribune.com published: “CEO Pay Watch: Michael Hoffman, The Toro Co.” on February 05, 2016. More interesting news about Toro Co (NYSE:TTC) were released by: Seekingalpha.com and their article: “The Toro Co. (TTC) CEO Michael Hoffman on Q3 2016 Results – Earnings Call …” published on August 18, 2016 as well as Profitconfidential.com‘s news article titled: “TTC Stock: Toro Co Is the Best Micro-Cap Stock You’ve Never Heard Of” with publication date: March 05, 2016.

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By Marie Mckinney


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