The stock of Toro Co (NYSE:TTC) reached all time high today, Nov, 15 and still has $70.64 target or 37.00% above today’s $51.56 share price. This indicates more upside for the $5.89B company. This technical setup was reported by Barchart.com. If the $70.64 PT is reached, the company will be worth $2.18B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 49,850 shares traded hands. Toro Co (NYSE:TTC) has risen 16.07% since April 13, 2016 and is uptrending. It has outperformed by 12.15% the S&P500.
Toro Co (NYSE:TTC) Ratings Coverage
Out of 4 analysts covering Toro (NYSE:TTC), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $87 is the highest target while $56 is the lowest. The $71.50 average target is 38.67% above today’s ($51.56) stock price. Toro has been the topic of 4 analyst reports since December 4, 2015 according to StockzIntelligence Inc. As per Tuesday, May 24, the company rating was initiated by Seaport Global. Dougherty & Company initiated the stock with “Buy” rating in Friday, November 4 report. On Friday, June 10 the stock rating was downgraded by Sidoti to “Neutral”. Longbow downgraded the stock to “Neutral” rating in Friday, December 4 report.
According to Zacks Investment Research, “Toro Company designs, manufactures and markets consumer and professional turf maintenance equipment, snow removal products and irrigation systems and provides landscaping and turf maintenance services. The company manufactures walk-behind power mowers and snowblowers and riding lawn mowers and lawn and garden tractors. The company designs and markets electrical and gas products, professional turf maintenance equipment and turf irrigation products.”
Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.02, from 1.14 in 2016Q1. The ratio is positive, as 30 funds sold all Toro Co shares owned while 97 reduced positions. 38 funds bought stakes while 109 increased positions. They now own 39.80 million shares or 8.41% less from 43.45 million shares in 2016Q1.
Tudor Invest Et Al accumulated 3,400 shares or 0.01% of the stock. Royal Bancorp Of Canada last reported 71,440 shares in the company. Acadian Asset Management Lc last reported 0% of its portfolio in the stock. State Common Retirement Fund last reported 157,900 shares in the company. The Virginia-based Lowe Brockenbrough & has invested 0.1% in Toro Co (NYSE:TTC). Firstmerit Bank & Trust N A Trustee holds 0.04% of its portfolio in Toro Co (NYSE:TTC) for 5,788 shares. Babson Capital Mngmt Ltd Liability Corp last reported 0.01% of its portfolio in the stock. The Pennsylvania-based Nationwide Fund has invested 0.08% in Toro Co (NYSE:TTC). Profund Advsr Llc has invested 0.03% of its portfolio in Toro Co (NYSE:TTC). Amalgamated Bank & Trust holds 0.05% of its portfolio in Toro Co (NYSE:TTC) for 9,352 shares. Moreover, Columbia Wanger Asset Mgmt Limited Liability Corp has 1.32% invested in Toro Co (NYSE:TTC) for 1.30M shares. Regions Fin Corp has 0.03% invested in the company for 27,498 shares. Stifel Fincl has 23,412 shares for 0.01% of their US portfolio. Advsrs Asset Inc has invested 0.04% of its portfolio in Toro Co (NYSE:TTC). Eagle Asset Mngmt owns 36,186 shares or 0.02% of their US portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 4 selling transactions for $12.91 million net activity. BROWN WILLIAM E JR had sold 9,932 shares worth $873,650. On Friday, May 27 BURKART PHILIP A sold $587,400 worth of the stock or 6,600 shares. HOFFMAN MICHAEL J had sold 125,600 shares worth $10.86M.
More notable recent Toro Co (NYSE:TTC) news were published by: Startribune.com which released: “The Toro Co. aides in final Ryder Cup course preparations” on September 27, 2016, also Startribune.com with their article: “Toro Co. promotes Richard Olson to role of CEO” published on July 19, 2016, Startribune.com published: “CEO Pay Watch: Michael Hoffman, The Toro Co.” on February 05, 2016. More interesting news about Toro Co (NYSE:TTC) were released by: Seekingalpha.com and their article: “The Toro Co. (TTC) CEO Michael Hoffman on Q3 2016 Results – Earnings Call …” published on August 18, 2016 as well as Profitconfidential.com‘s news article titled: “TTC Stock: Toro Co Is the Best Micro-Cap Stock You’ve Never Heard Of” with publication date: March 05, 2016.
TTC Company Profile
The Toro Company (Toro), incorporated on November 7, 1983, designs, makes, 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 Firm 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 Firm operates in three business divisions: Professional, Residential, and Distribution, which consists of the Companyâ€™s owned domestic distributorships.
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