November 30, 2016 - By Richard Conner · 0 Comments
Toro Co (NYSE:TTC) institutional sentiment decreased to 1.04 in Q2 2016. Its down -0.12, from 1.16 in 2016Q1. The ratio fall, as 147 investment managers opened new and increased holdings, while 127 decreased and sold their positions in Toro Co. The investment managers in our partner’s database now have: 39.80 million shares, down from 43.45 million shares in 2016Q1. Also, the number of investment managers holding Toro Co in their top 10 holdings increased from 3 to 5 for an increase of 2. Sold All: 30 Reduced: 97 Increased: 109 New Position: 38.
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 $5.81 billion. The Firm operates through three divisions: Professional, Residential and Distribution. It has a 26.52 P/E ratio. The Professional segment consists of turf and landscape equipment, irrigation products, and professional snow and ice removal equipment.
About 269,967 shares traded hands. Toro Co (NYSE:TTC) has risen 23.06% since April 27, 2016 and is uptrending. It has outperformed by 17.83% the S&P500.
Analysts await Toro Co (NYSE:TTC) to report earnings on December, 8 before the open. They expect $0.22 earnings per share, up 4.76% or $0.01 from last year’s $0.21 per share. TTC’s profit will be $24.09 million for 60.30 P/E if the $0.22 EPS becomes a reality. After $0.50 actual earnings per share reported by Toro Co for the previous quarter, Wall Street now forecasts -56.00% negative EPS growth.
According to Zacks Investment Research, “Toro Company designs, manufactures and markets consumer and professional turf maintenance equipment, snow removal products and irrigation systems and provides landscaping and turf maintenance services. The company manufactures walk-behind power mowers and snowblowers and riding lawn mowers and lawn and garden tractors. The company designs and markets electrical and gas products, professional turf maintenance equipment and turf irrigation products.”
Raub Brock Capital Management Lp holds 3.96% of its portfolio in Toro Co for 149,678 shares. Jlb & Associates Inc owns 118,488 shares or 2.96% of their US portfolio. Moreover, Irving Magee Investment Management has 2.4% invested in the company for 55,817 shares. The Minnesota-based Mairs & Power Inc has invested 2.36% in the stock. Impax Asset Management Ltd, a United Kingdom-based fund reported 533,403 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 selling transactions for $11.45 million net activity.
Ratings analysis reveals 25% of Toro’s analysts are positive. Out of 4 Wall Street analysts rating Toro, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $56 while the high is $87. The stock’s average target of $71.50 is 34.75% above today’s ($53.06) share price. TTC was included in 4 notes of analysts from December 4, 2015. Seaport Global initiated the stock with “Neutral” rating in Tuesday, May 24 report. The stock of Toro Co (NYSE:TTC) earned “Neutral” rating by Sidoti on Friday, June 10. On Friday, November 4 the stock rating was initiated by Dougherty & Company with “Buy”. The company was downgraded on Friday, December 4 by Longbow.
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 Companyâ€™s owned domestic distributorships.
More important 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 published article titled: “Toro Co. promotes Richard Olson to role of CEO”, Seekingalpha.com published: “The Toro Co. (TTC) CEO Michael Hoffman on Q3 2016 Results – Earnings Call …” on August 18, 2016. More interesting news about Toro Co (NYSE:TTC) was released by: Foxbusiness.com and their article: “Toro Announces Stock Split; Beats Profit Expectations But Misses On Sales” with publication date: August 18, 2016.
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By Richard Conner