Cim buys $892,174 stake in Toro Co (TTC)

Toro Co (TTC) : Cim scooped up 3,480 additional shares in Toro Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 18,910 shares of Toro Co which is valued at $892,174.Toro Co makes up approximately 0.43% of Cim’s portfolio.

Other Hedge Funds, Including , Highland Capital Management boosted its stake in TTC in the latest quarter, The investment management firm added 286 additional shares and now holds a total of 25,362 shares of Toro Co which is valued at $1,195,818. Toro Co makes up approx 0.10% of Highland Capital Management’s portfolio.Murphy Pohlad Asset Management reduced its stake in TTC by selling 74 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 23,736 shares of TTC which is valued at $1,119,152. Toro Co makes up approx 0.85% of Murphy Pohlad Asset Management’s portfolio.Advisory Services Network reduced its stake in TTC by selling 71 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 3,689 shares of TTC which is valued at $173,051. Toro Co makes up approx 0.03% of Advisory Services Network’s portfolio.

Toro Co opened for trading at $47.39 and hit $47.77 on the upside on Friday, eventually ending the session at $47.18, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 3,28,491 shares. Company has a market cap of $5,157 M.

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.

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