Kayne Anderson Rudnick Investment Management buys $107,068,928 stake in Toro Co (TTC)

Toro Co (TTC) : Kayne Anderson Rudnick Investment Management scooped up 19,240 additional shares in Toro Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,152,270 shares of Toro Co which is valued at $107,068,928.Toro Co makes up approximately 1.58% of Kayne Anderson Rudnick Investment Management’s portfolio.

Other Hedge Funds, Including , Tlp Group added TTC to its portfolio by purchasing 1,820 company shares during the most recent quarter which is valued at $169,114. Toro Co makes up approx 0.10% of Tlp Group’s portfolio.Cookson Peirce Co Inc boosted its stake in TTC in the latest quarter, The investment management firm added 3,990 additional shares and now holds a total of 65,340 shares of Toro Co which is valued at $5,932,219. Toro Co makes up approx 0.86% of Cookson Peirce Co Inc’s portfolio.Sawgrass Asset Management boosted its stake in TTC in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 20,420 shares of Toro Co which is valued at $1,853,932. Toro Co makes up approx 0.08% of Sawgrass Asset Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in TTC by selling 72 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 256,555 shares of TTC which is valued at $23,590,232. Toro Co makes up approx 0.19% of Public Employees Retirement Association Of Colorado’s portfolio.Louisiana State Employees Retirement System reduced its stake in TTC by selling 500 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 14,600 shares of TTC which is valued at $1,349,624. Toro Co makes up approx 0.07% of Louisiana State Employees Retirement System’s portfolio.

Toro Co closed down -0.24 points or -0.25% at $93.89 with 5,47,101 shares getting traded on Wednesday. Post opening the session at $93.93, the shares hit an intraday low of $93.2 and an intraday high of $94.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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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