Cim buys $698,130 stake in Toro Co (TTC)

Toro Co (TTC) : Cim scooped up 140 additional shares in Toro Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 7,715 shares of Toro Co which is valued at $698,130.Toro Co makes up approximately 0.34% of Cim’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in TTC in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 37,840 shares of Toro Co which is valued at $3,424,142. Toro Co makes up approx 0.04% of Nisa Investment Advisors’s portfolio.Denali Advisors boosted its stake in TTC in the latest quarter, The investment management firm added 14,900 additional shares and now holds a total of 54,500 shares of Toro Co which is valued at $4,931,705. Toro Co makes up approx 0.83% of Denali Advisors’s portfolio.Murphy Pohlad Asset Management boosted its stake in TTC in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 11,905 shares of Toro Co which is valued at $1,069,783. Toro Co makes up approx 0.77% of Murphy Pohlad Asset Management’s portfolio.Capstone Asset Management Co reduced its stake in TTC by selling 7,346 shares or 14.78% in the most recent quarter. The Hedge Fund company now holds 42,356 shares of TTC which is valued at $3,806,110. Toro Co makes up approx 0.11% of Capstone Asset Management Co’s portfolio.

Toro Co opened for trading at $90.51 and hit $90.58 on the upside on Monday, eventually ending the session at $90.49, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 1,65,015 shares. Company has a market cap of $4,980 M.

On the company’s financial health, Toro Co reported $1.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 19, 2016. Analyst had a consensus of $1.80. The company had revenue of $836.40 million for the quarter, compared to analysts expectations of $853.87 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS.

Many Wall Street Analysts have commented on Toro Co. Toro Co was Downgraded by Sidoti to ” Neutral” on Jun 10, 2016. Seaport Global Securities Initiated Toro Co on May 24, 2016 to “Neutral”, Price Target of the shares are set at $87.

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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