Mairs Power Inc Lowers stake in Toro Co (TTC)

Toro Co (TTC) : Mairs Power Inc reduced its stake in Toro Co by 2.33% during the most recent quarter end. The investment management company now holds a total of 1,986,198 shares of Toro Co which is valued at $185,669,789 after selling 47,424 shares in Toro Co , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Toro Co makes up approximately 2.46% of Mairs Power Inc’s portfolio.

Other Hedge Funds, Including , Adage Capital Partners Gp L.l.c. added TTC to its portfolio by purchasing 50,353 company shares during the most recent quarter which is valued at $4,706,998. Toro Co makes up approx 0.01% of Adage Capital Partners Gp L.l.c.’s portfolio.Advantus Capital Management Inc reduced its stake in TTC by selling 675 shares or 9.2% in the most recent quarter. The Hedge Fund company now holds 6,665 shares of TTC which is valued at $623,044. Toro Co makes up approx 0.02% of Advantus Capital Management Inc’s portfolio.Blackrock Group Ltd reduced its stake in TTC by selling 1,712 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 39,880 shares of TTC which is valued at $3,727,982. Raub Brock Capital Management Lp added TTC to its portfolio by purchasing 149,678 company shares during the most recent quarter which is valued at $13,836,234. Toro Co makes up approx 4.05% of Raub Brock Capital Management Lp’s portfolio.

Toro Co opened for trading at $97.45 and hit $97.49 on the upside on Thursday, eventually ending the session at $97.18, with a gain of 0.03% or 0.03 points. The heightened volatility saw the trading volume jump to 4,58,481 shares. Company has a market cap of $5,348 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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