Toro Co (TTC)’s Stock Formed A Several Months Bullish Double Top

September 17, 2017 - By Nellie Frank

Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.20, from 1.04 in 2016Q3. It turned negative, as 21 investors sold Toro Co shares while 138 reduced holdings. 44 funds opened positions while 90 raised stakes. 81.92 million shares or 49.41% less from 161.94 million shares in 2016Q3 were reported.
State Street owns 0.01% invested in Toro Co (NYSE:TTC) for 2.80M shares. Calvert Invest owns 94,132 shares. Investment Centers Of America Inc reported 9,816 shares. Van Eck Assoc accumulated 0.07% or 244,995 shares. Art Advsr Limited Liability Company holds 0.06% or 16,500 shares in its portfolio. The United Kingdom-based Ardevora Asset Mgmt Ltd Liability Partnership has invested 1.09% in Toro Co (NYSE:TTC). Texas-based Dimensional Fund Advsrs L P has invested 0.01% in Toro Co (NYSE:TTC). Sentinel Asset Management has 155,438 shares. Moreover, First Midwest Bancorporation Trust Division has 0.07% invested in Toro Co (NYSE:TTC). Tompkins Corporation reported 450 shares. Millennium Management Limited Liability Company has invested 0.01% of its portfolio in Toro Co (NYSE:TTC). Milestone Gru holds 80,000 shares or 0.68% of its portfolio. Manufacturers Life Insur Com The holds 149,883 shares or 0.01% of its portfolio. Susquehanna Intl Group Inc Llp holds 0% in Toro Co (NYSE:TTC) or 9,200 shares. State Board Of Administration Of Florida Retirement Systems has invested 0.03% in Toro Co (NYSE:TTC).

Since March 23, 2017, it had 0 insider purchases, and 13 insider sales for $15.78 million activity. 2,000 Toro Co (NYSE:TTC) shares with value of $128,922 were sold by HARLESS KATHERINE J. $420,277 worth of Toro Co (NYSE:TTC) was sold by O’Rourke James Calvin on Thursday, March 23. $374,760 worth of Toro Co (NYSE:TTC) shares were sold by BROWN WILLIAM E JR. 13,348 shares valued at $905,301 were sold by TWOMEY CHRISTOPHER A on Wednesday, May 31. Redetzke Darren L had sold 8,000 shares worth $568,000. $8.99 million worth of stock was sold by HOFFMAN MICHAEL J on Friday, March 31. $708,955 worth of Toro Co (NYSE:TTC) was sold by Ellis Gary Lee.

The chart of Toro Co (TTC) shows a double top with $63.76 target or 5.00 % above today’s $60.72 share price. The 7 months chart pattern indicates low risk for the $6.54B company. It was reported on Sep, 17 by Finviz.com. If the $63.76 price target is reached, the company will be worth $327.00 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.16% or $0.1 on September 15, reaching $60.72. About 1.28M shares traded or 26.73% up from the average. Toro Co (NYSE:TTC) has risen 60.11% since September 17, 2016 and is uptrending. It has outperformed by 43.41% the S&P500.

Analysts await Toro Co (NYSE:TTC) to report earnings on December, 14. They expect $0.29 earnings per share, up 7.41 % or $0.02 from last year’s $0.27 per share. TTC’s profit will be $31.24 million for 52.34 P/E if the $0.29 EPS becomes a reality. After $0.61 actual earnings per share reported by Toro Co for the previous quarter, Wall Street now forecasts -52.46 % negative EPS growth.

Toro Co (NYSE:TTC) Ratings Coverage

Among 6 analysts covering Toro (NYSE:TTC), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Toro had 11 analyst reports since December 4, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, May 22 by Longbow. The stock of Toro Co (NYSE:TTC) earned “Hold” rating by Seaport Global on Friday, August 25. The firm has “Neutral” rating given on Tuesday, May 24 by Seaport Global. The firm has “Buy” rating by Dougherty & Company given on Friday, November 4. Sidoti downgraded the shares of TTC in report on Friday, June 10 to “Neutral” rating. The firm earned “Neutral” rating on Friday, August 25 by Dougherty & Company. Dougherty & Company maintained the stock with “Buy” rating in Friday, February 24 report. Cleveland upgraded Toro Co (NYSE:TTC) on Friday, March 31 to “Buy” rating. Longbow downgraded Toro Co (NYSE:TTC) on Friday, December 4 to “Neutral” rating. The stock of Toro Co (NYSE:TTC) earned “Underperform” rating by Longbow on Monday, December 12.

More notable recent Toro Co (NYSE:TTC) news were published by: Startribune.com which released: “Professional segment drives Toro Co.’s quarterly earnings” on August 24, 2017, also Seekingalpha.com with their article: “Toro slammed with two downgrades following Q3 earnings” published on August 25, 2017, Reuters.com published: “BRIEF-Toro Co announces Michael J. Hoffman’s retirement from board, election …” on September 05, 2017. More interesting news about Toro Co (NYSE:TTC) were released by: Fool.com and their article: “Why JM Smucker, Hormel Foods, and The Toro Company Slumped Today” published on August 24, 2017 as well as Nasdaq.com‘s news article titled: “Toro Co Reveals 23% Gain In Q3 Bottom Line” with publication date: August 24, 2017.

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