Cookson Peirce Co Inc buys $5,932,219 stake in Toro Co (TTC)

Toro Co (TTC) : Cookson Peirce Co Inc scooped up 3,990 additional shares in Toro Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 65,340 shares of Toro Co which is valued at $5,932,219.Toro Co makes up approximately 0.86% of Cookson Peirce Co Inc’s portfolio.

Other Hedge Funds, Including , Utah Retirement Systems reduced its stake in TTC by selling 300 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 9,746 shares of TTC which is valued at $884,839. Toro Co makes up approx 0.02% of Utah Retirement Systems’s portfolio.Alps Advisors Inc reduced its stake in TTC by selling 312 shares or 6.12% in the most recent quarter. The Hedge Fund company now holds 4,790 shares of TTC which is valued at $442,788.Meeder Asset Management Inc reduced its stake in TTC by selling 1,350 shares or 20.79% in the most recent quarter. The Hedge Fund company now holds 5,144 shares of TTC which is valued at $469,904. Toro Co makes up approx 0.04% of Meeder Asset Management Inc’s portfolio.

Toro Co opened for trading at $92.58 and hit $92.97 on the upside on Monday, eventually ending the session at $92.92, with a gain of 0.38% or 0.35 points. The heightened volatility saw the trading volume jump to 2,22,845 shares. Company has a market cap of $5,114 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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