Yahoo Finance

At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable for us to imitate their activity. Of course, even the best money managers can sometimes get it wrong, but following some of their picks gives us a better chance to outperform the crowd than picking a random stock and this is where our research comes in.

Is The Toro Company (NYSE:TTC) a buy here? Investors who are in the know are taking a bearish view. The number of long hedge fund bets were cut by 5 recently. Our calculations also showed that ttc isn't among the 30 most popular stocks among hedge funds. TTC was in 16 hedge funds' portfolios at the end of the first quarter of 2019. There were 21 hedge funds in our database with TTC positions at the end of the previous quarter.

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's flagship best performing hedge funds strategy returned 25.8% year to date (through May 30th) and outperformed the market even though it draws its stock picks among small-cap stocks. This strategy also outperformed the market by 40 percentage points since its inception (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.

Let's view the fresh hedge fund action regarding The Toro Company (NYSE:TTC).

How have hedgies been trading The Toro Company (NYSE:TTC)?

At Q1's end, a total of 16 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -24% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards TTC over the last 15 quarters. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

The largest stake in The Toro Company (NYSE:TTC) was held by Select Equity Group, which reported holding $246 million worth of stock at the end of March. It was followed by Impax Asset Management with a $103.9 million position. Other investors bullish on the company included Fisher Asset Management, GLG Partners, and Renaissance Technologies.