Price Change to Note: Will Toro Co Run Out of Steam Soon?

Price Change to Note: Will Toro Co Run Out of Steam Soon?

The stock of Toro Co (NYSE:TTC) hit a new 52-week high and has $66.81 target or 27.00% above today’s $52.61 share price. The 7 months bullish chart indicates low risk for the $5.76 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $66.81 price target is reached, the company will be worth $1.56B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 357,199 shares traded hands. Toro Co (NYSE:TTC) has risen 20.20% since April 19, 2016 and is uptrending. It has outperformed by 16.34% 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. Toro has been the topic of 4 analyst reports since December 4, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Tuesday, May 24 by Seaport Global. The stock of Toro Co (NYSE:TTC) earned “Neutral” rating by Sidoti on Friday, June 10. Dougherty & Company initiated Toro Co (NYSE:TTC) rating on Friday, November 4. Dougherty & Company has “Buy” rating and $56 price target. The firm has “Neutral” rating by Longbow given on Friday, December 4.

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 decreased to 1.04 in 2016 Q2. Its down 0.12, from 1.16 in 2016Q1. The ratio worsened, 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.
Murphy Pohlad Asset Mgmt Ltd Liability holds 0.78% of its portfolio in Toro Co (NYSE:TTC) for 11,905 shares. Ls Invest Advsrs Ltd Company accumulated 0.02% or 3,412 shares. Nuveen Asset Lc has 18,002 shares for 0.01% of their US portfolio. Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 26,127 shares. Invesco Limited holds 497,175 shares or 0.02% of its portfolio. Ibm Retirement Fund accumulated 5,397 shares or 0.02% of the stock. Huntington National Bank last reported 2,297 shares in the company. Td Asset Mngmt Incorporated holds 0.01% of its portfolio in Toro Co (NYSE:TTC) for 48,701 shares. Calvert Management holds 4,217 shares or 0.02% of its portfolio. The Illinois-based First Midwest National Bank & Trust Tru Division has invested 0.1% in Toro Co (NYSE:TTC). Advisory Limited Co holds 1,880 shares or 0.04% of its portfolio. Firstmerit Bancorporation N A Trustee holds 0.04% or 5,788 shares in its portfolio. Aperio Grp Inc Lc has 24,044 shares for 0.02% of their US portfolio. Meeder Asset Mngmt last reported 0.04% of its portfolio in the stock. Thompson Davis Com has 0.03% invested in the company for 222 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 3 selling transactions for $12.04 million net activity. $587,400 worth of Toro Co (NYSE:TTC) was sold by BURKART PHILIP A on Friday, May 27. 9,932 Toro Co (NYSE:TTC) shares with value of $873,650 were sold by BROWN WILLIAM E JR. 125,600 shares were sold by HOFFMAN MICHAEL J, worth $10.86 million.

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: “Boss acquisition boosts Toro Co. fourth-quarter earnings” on December 03, 2015. More interesting news about Toro Co (NYSE:TTC) were released by: Startribune.com and their article: “CEO Pay Watch: Michael Hoffman, The Toro Co.” published on February 05, 2016 as well as Seekingalpha.com‘s news article titled: “The Toro Co. (TTC) CEO Michael Hoffman on Q3 2016 Results – Earnings Call …” with publication date: August 18, 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 Company’s owned domestic distributorships.

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