Activity Reported By SEC: Toro Co (TTC) Share Value Rose While Eulav Asset Management Upped Stake by $14.74 Million

Activity Reported By SEC: Toro Co (TTC) Share Value Rose While Eulav Asset Management Upped Stake by $14.74 Million

Eulav Asset Management increased its stake in Toro Co (TTC) by 100.63% based on its latest 2016Q3 regulatory filing with the SEC. Eulav Asset Management bought 320,500 shares as the company’s stock rose 6.23% with the market. The institutional investor held 639,000 shares of the tools and hardware company at the end of 2016Q3, valued at $29.93 million, up from 318,500 at the end of the previous reported quarter. Eulav Asset Management who had been investing in Toro Co for a number of months, seems to be bullish on the $6.14 billion market cap company. The stock is down 0.56% or $0.32 hitting $56.44, despite the positive news. About 151,404 shares traded hands. Toro Co (NYSE:TTC) has risen 26.91% since June 7, 2016 and is uptrending. It has outperformed by 19.49% the S&P500.

Eulav Asset Management is a New York-based institutional investor with more than $2.35 billion AUM in December, 2014. Taken from Eulav Asset latest Adv, the fund reported to have 16 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Insitutional Activity: The institutional sentiment decreased to 1.04 in Q3 2016. Its down 0.12, from 1.16 in 2016Q2. The ratio worsened, as 22 funds sold all TTC shares owned while 119 reduced positions. 52 funds bought stakes while 95 increased positions. They now own 161.94 million shares or 306.91% more from 39.80 million shares in 2016Q2. Van Eck accumulated 281,864 shares or 0.06% of the stock. Raymond James Finance Svcs Advsrs accumulated 0% or 6,524 shares. Ardevora Asset Management Limited Liability Partnership last reported 1.13% of its portfolio in the stock. Art Lc has invested 0.11% of its portfolio in Toro Co (NYSE:TTC). Moreover, Ent has 0% invested in Toro Co (NYSE:TTC) for 60 shares. Blackrock Fund accumulated 0.04% or 4.05 million shares. Milestone Gru last reported 0.57% of its portfolio in the stock. Commonwealth Equity Services owns 17,205 shares or 0.01% of their US portfolio. Rhumbline Advisers last reported 203,380 shares in the company. Northcoast Asset Mgmt Limited Liability reported 10,064 shares or 0.04% of all its holdings. State Street has invested 0.02% of its portfolio in Toro Co (NYSE:TTC). Mark Sheptoff Financial Planning Lc reported 9,205 shares or 0.32% of all its holdings. Impax Asset Limited has 1.07 million shares for 2.3% of their US portfolio. Proshare Advsrs Ltd Com has 8,972 shares for 0.01% of their US portfolio. Victory Inc, a Ohio-based fund reported 20,073 shares.

Insider Transactions: Since August 29, 2016, the stock had 0 buys, and 12 selling transactions for $6.90 million net activity. Another trade for 10,972 shares valued at $607,284 was made by Grams Blake M on Monday, December 12. $121,902 worth of shares were sold by Larson Thomas J on Monday, December 19. COOPER JANET KATHERINE sold $399,000 worth of Toro Co (NYSE:TTC) on Monday, January 9. 20,000 shares with value of $1.14 million were sold by PETERSON RENEE J on Friday, January 6. BURKART PHILIP A sold $527,244 worth of Toro Co (NYSE:TTC) on Tuesday, December 27. The insider Rodier Richard W sold $55,434. 6,000 shares were sold by BROWN WILLIAM E JR, worth $590,034 on Monday, August 29.

More notable recent Toro Co (NYSE:TTC) news were published by: Streetinsider.com which released: “Form 4 TORO CO For: Jan 06 Filed by: PETERSON RENEE J” on January 10, 2017, also Startribune.com with their article: “The Toro Co. aides in final Ryder Cup course preparations” published on September 27, 2016, Startribune.com published: “Toro Co. promotes Richard Olson to role of CEO” on July 19, 2016. 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.

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.”

Toro Co (NYSE:TTC) Ratings Coverage

Out of 4 analysts covering Toro (NYSE:TTC), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Toro has been the topic of 5 analyst reports since December 4, 2015 according to StockzIntelligence Inc. As per Friday, June 10, the company rating was downgraded by Sidoti. The firm has “Buy” rating by Dougherty & Company given on Friday, November 4. The firm has “Neutral” rating by Longbow given on Friday, December 4. The stock of Toro Co (NYSE:TTC) earned “Underperform” rating by Longbow on Monday, December 12. The firm has “Neutral” rating by Seaport Global given on Tuesday, May 24.

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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