Weaver C. Barksdale Associates buys $2.7 Million stake in Toro Co (TTC)

Toro Co (TTC) : Weaver C. Barksdale Associates scooped up 30,637 additional shares in Toro Co during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 30,763 shares of Toro Co which is valued at $2.7 Million.Toro Co makes up approximately 2.02% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Toro Co reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.58. The company had revenue of $486.40 million for the quarter, compared to analysts expectations of $489.76 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Toro Co closed down -0.51 points or -0.58% at $87.04 with 1,55,583 shares getting traded on Monday. Post opening the session at $88, the shares hit an intraday low of $86.85 and an intraday high of $88.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

The Toro Company (Toro) designs manufactures 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 Company 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 Company operates in three business segments: Professional through which the Company designs professional turf landscape and agricultural products and markets them across the world; Residential which markets its residential products to homeowners and Distribution which consists of the Company’s owned domestic distributorships.

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