Stock Worth Mentioning: Could Toro Co See a Reversal After Breaking All Highs?

Stock Worth Mentioning: Could Toro Co See a Reversal After Breaking All Highs?

The stock of Toro Co (NYSE:TTC) reached all time high today, Nov, 23 and still has $56.10 target or 5.00% above today’s $53.43 share price. This indicates more upside for the $5.92 billion company. This technical setup was reported by Barchart.com. If the $56.10 PT is reached, the company will be worth $296.00 million 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 98,468 shares traded hands. Toro Co (NYSE:TTC) has risen 23.21% since April 21, 2016 and is uptrending. It has outperformed by 17.88% the S&P500.

Analysts await Toro Co (NYSE:TTC) to report earnings on December, 8 before the open. They expect $0.22 earnings per share, up 4.76% or $0.01 from last year’s $0.21 per share. TTC’s profit will be $24.38M for 60.72 P/E if the $0.22 EPS becomes a reality. After $0.50 actual earnings per share reported by Toro Co for the previous quarter, Wall Street now forecasts -56.00% negative EPS growth.

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 “Buy” rating by Dougherty & Company given on Friday, November 4. The stock of Toro Co (NYSE:TTC) has “Neutral” rating given on Friday, December 4 by Longbow. The stock has “Neutral” rating given by Sidoti on Friday, June 10. The firm has “Neutral” rating by Seaport Global given on Tuesday, May 24.

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 fall, 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.
Eaton Vance Mngmt has invested 0% of its portfolio in Toro Co (NYSE:TTC). The Switzerland-based Swiss Bankshares has invested 0.01% in Toro Co (NYSE:TTC). Burney has 1.31% invested in the company for 207,633 shares. Td Asset Management holds 0.01% or 48,701 shares in its portfolio. Dorsey & Whitney Tru Co Ltd holds 0.59% of its portfolio in Toro Co (NYSE:TTC) for 28,988 shares. Moreover, Chicago Equity Ltd Liability has 0.02% invested in Toro Co (NYSE:TTC) for 8,630 shares. Comerica National Bank accumulated 65,871 shares or 0.05% of the stock. Dekabank Deutsche Girozentrale has 38,200 shares for 0.04% of their US portfolio. D E Shaw accumulated 0% or 2,562 shares. Suntrust Banks Inc accumulated 0% or 5,573 shares. Moreover, Ftb Advsrs has 0% invested in Toro Co (NYSE:TTC) for 383 shares. Ameriprise holds 195,206 shares or 0.01% of its portfolio. Cs Mckee Lp last reported 0.11% of its portfolio in the stock. Moreover, Ibm Retirement Fund has 0.02% invested in Toro Co (NYSE:TTC) for 5,397 shares. Ahl Prtn Llp last reported 0.06% of its portfolio in the stock.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 2 insider sales for $11.45 million net activity. BROWN WILLIAM E JR also sold $590,034 worth of Toro Co (NYSE:TTC) shares. On Wednesday, June 29 HOFFMAN MICHAEL J sold $10.86 million worth of the stock or 125,600 shares. BURKART PHILIP A also sold $587,400 worth of Toro Co (NYSE:TTC) on Friday, May 27.

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 Company’s owned domestic distributorships.

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