Ardevora Asset Management Llp buys $32,552,672 stake in Toro Co (TTC)

Toro Co (TTC) : Ardevora Asset Management Llp scooped up 49,400 additional shares in Toro Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 346,600 shares of Toro Co which is valued at $32,552,672.Toro Co makes up approximately 1.29% of Ardevora Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc boosted its stake in TTC in the latest quarter, The investment management firm added 3,110 additional shares and now holds a total of 263,065 shares of Toro Co which is valued at $24,707,065. Toro Co makes up approx 0.20% of Los Angeles Capital Management Equity Research Inc’s portfolio. Stanley-laman Group Ltd. added TTC to its portfolio by purchasing 14,005 company shares during the most recent quarter which is valued at $1,296,443. Toro Co makes up approx 0.49% of Stanley-laman Group Ltd.’s portfolio.First Trust Advisors Lp reduced its stake in TTC by selling 14,306 shares or 14.73% in the most recent quarter. The Hedge Fund company now holds 82,813 shares of TTC which is valued at $7,665,999. Toro Co makes up approx 0.02% of First Trust Advisors Lp’s portfolio.Swiss National Bank boosted its stake in TTC in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 93,400 shares of Toro Co which is valued at $8,479,786. Toro Co makes up approx 0.01% of Swiss National Bank’s portfolio.Capital One National Association reduced its stake in TTC by selling 318 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 11,295 shares of TTC which is valued at $1,026,716. Toro Co makes up approx 0.08% of Capital One National Association’s portfolio.

Toro Co opened for trading at $93.81 and hit $95.01 on the upside on Monday, eventually ending the session at $94.88, with a gain of 1.50% or 1.4 points. The heightened volatility saw the trading volume jump to 4,72,385 shares. Company has a market cap of $5,222 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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