Columbia Wanger Asset Management Lowers stake in Toro Co (TTC)

Toro Co (TTC) : Columbia Wanger Asset Management reduced its stake in Toro Co by 10.69% during the most recent quarter end. The investment management company now holds a total of 1,295,158 shares of Toro Co which is valued at $121,071,370 after selling 154,985 shares in Toro Co , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Toro Co makes up approximately 1.31% of Columbia Wanger Asset Management’s portfolio.

Other Hedge Funds, Including , State Of Tennessee Treasury Department boosted its stake in TTC in the latest quarter, The investment management firm added 4,081 additional shares and now holds a total of 89,881 shares of Toro Co which is valued at $8,402,076. Toro Co makes up approx 0.04% of State Of Tennessee Treasury Department’s portfolio.Eagle Asset Management Inc boosted its stake in TTC in the latest quarter, The investment management firm added 829 additional shares and now holds a total of 36,186 shares of Toro Co which is valued at $3,289,307. Toro Co makes up approx 0.02% of Eagle Asset Management Inc’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.

Toro Co opened for trading at $98.07 and hit $98.95 on the upside on Monday, eventually ending the session at $98.07, with a gain of 0.09% or 0.09 points. The heightened volatility saw the trading volume jump to 2,49,213 shares. Company has a market cap of $5,397 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.

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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