Advisory Services Network Lowers stake in Toro Co (TTC)

Toro Co (TTC) : Advisory Services Network reduced its stake in Toro Co by 1.89% during the most recent quarter end. The investment management company now holds a total of 3,689 shares of Toro Co which is valued at $173,051 after selling 71 shares in Toro Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Toro Co makes up approximately 0.03% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in TTC by selling 34,276 shares or 75.74% in the most recent quarter. The Hedge Fund company now holds 10,980 shares of TTC which is valued at $511,668.

Toro Co closed down -0.4 points or -0.85% at $46.91 with 7,08,034 shares getting traded on Friday. Post opening the session at $47.37, the shares hit an intraday low of $46.71 and an intraday high of $47.37 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Toro Co reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.99. The company had revenue of $601.00 million for the quarter, compared to analysts expectations of $622.16 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.94 EPS.

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.

Leave a Reply

Toro Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Toro Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.