Some Traders Are Very Bearish on The Toro Company (TTC) After Forming Bearish Wedge Down

May 20, 2018 - By Graig Alexander

The Toro Company (NYSE:TTC) Logo

Investors sentiment decreased to 0.81 in Q4 2017. Its down 0.36, from 1.17 in 2017Q3. It dived, as 37 investors sold The Toro Company shares while 127 reduced holdings. 48 funds opened positions while 85 raised stakes. 77.25 million shares or 1.91% less from 78.75 million shares in 2017Q3 were reported.
Invesco Ltd stated it has 0.01% of its portfolio in The Toro Company (NYSE:TTC). Clinton invested in 40,832 shares. 205 are held by Perigon Wealth Management Ltd Liability Corp. Great West Life Assurance Comm Can accumulated 0.01% or 86,580 shares. 12,315 are owned by Laurion Cap Mgmt Limited Partnership. Eulav Asset reported 1.97% of its portfolio in The Toro Company (NYSE:TTC). Dimensional Fund Advsrs Lp invested 0.01% in The Toro Company (NYSE:TTC). Oppenheimer And stated it has 0.05% in The Toro Company (NYSE:TTC). Advisor Partners Ltd Limited Liability Company invested in 0.04% or 3,184 shares. Mairs & invested 1.92% of its portfolio in The Toro Company (NYSE:TTC). Advisory Networks Ltd owns 3,499 shares. Virtu Lc holds 4,061 shares. 473,280 were reported by Schroder Invest Management Group. Voya Inv Mngmt Ltd Limited Liability Company owns 197,836 shares or 0.03% of their US portfolio. Ent Svcs Corporation invested 0% in The Toro Company (NYSE:TTC).

Since December 11, 2017, it had 0 insider purchases, and 11 sales for $8.98 million activity. Dordell Timothy P sold 46,000 shares worth $3.04M. $274,647 worth of The Toro Company (NYSE:TTC) was sold by HAMILTON BRADLEY A on Thursday, January 4. 13,348 shares were sold by BUHRMASTER ROBERT C, worth $858,997 on Tuesday, February 27. Shares for $1.51 million were sold by ALKIRE DAVID H. HARLESS KATHERINE J sold $488,712 worth of The Toro Company (NYSE:TTC) on Tuesday, March 27. Altmaier Judy L sold 20,800 shares worth $1.32 million.

The stock of The Toro Company (TTC) formed a down wedge with $57.00 target or 5.00 % below today’s $60.00 share price. The 8 months wedge indicates high risk for the $6.36 billion company. If the $57.00 price target is reached, the company will be worth $318.05 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.99% or $0.59 during the last trading session, reaching $60. About 966,956 shares traded or 69.99% up from the average. The Toro Company (NYSE:TTC) has declined 0.49% since May 20, 2017 and is downtrending. It has underperformed by 12.04% the S&P500.

Analysts await The Toro Company (NYSE:TTC) to report earnings on May, 24 before the open. They expect $1.20 EPS, up 11.11 % or $0.12 from last year’s $1.08 per share. TTC’s profit will be $127.22M for 12.50 P/E if the $1.20 EPS becomes a reality. After $0.48 actual EPS reported by The Toro Company for the previous quarter, Wall Street now forecasts 150.00 % EPS growth.

The Toro Company (NYSE:TTC) Ratings Coverage

Among 2 analysts covering Toro Company (NYSE:TTC), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Toro Company had 2 analyst reports since December 7, 2017 according to SRatingsIntel. As per Thursday, January 18, the company rating was maintained by Seaport Global.

Another recent and important The Toro Company (NYSE:TTC) news was published by Twst.com which published an article titled: “The Toro Company: The Toro Company to Announce Fiscal 2018 Second Quarter Results” on May 13, 2018.

The Toro Company manufactures and markets turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, and residential yard and snow thrower products worldwide. The company has market cap of $6.36 billion. The Company’s Professional segment offers turf and landscape equipment products, such as sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and construction equipment, and other maintenance equipment; snowplows, salt and sand spreaders, and related parts and accessories; and sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, and micro-irrigation drip tape and hose products, as well as professionally installed lighting products. It has a 27.1 P/E ratio. This segment markets its products to professional users engaged in maintaining golf courses, sports fields, municipal properties, agricultural fields, residential and commercial landscapes, and removing snow through a network of distributors and dealers, as well as directly to government customers, rental companies, and retailers.

The Toro Company (NYSE:TTC) Institutional Positions Chart

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