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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._______)
Toro Company
(Name of Issuer)
Common Stock
(Title of Class of Securities)
891092108
(CUSIP Number)
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons. 47-0776925
2) Check the Appropriate Box if a Member of a Group.
(a) _____
(b) XX
-----
3) SEC Use Only.
4) Citizensbip or Place of Organization. State of Nebraska
Number of Shares Beneficially Owned by Each Reporting Person With:
5) Sole Voting Power 668,525
6) Shared Voting Power 0
7) Sole Dispositive Power 668,525
8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person. 668,525
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares. ( )
11) Percent of Class Represented by Amount in Row 9. 5.52%
12) Type of Reporting Person. Investment Advisor (IA)
Check the following box if a fee is being paid with this statement ( )
SCHEDULE 13G Page -2
Item 1 (a). Name of Issuer: Toro Company
Item 2 (a). Name of Person Filing: KPM Investment Management Inc.
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 23d-2(b),
check whether the person filing is a:
(e) [xx] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
Item 4. Ownership Investment Advisor, representing numerous discretionary
accounts, beneficially owns 668,525 shares of common stock
representing 5.52% of the total outstanding (12116732). Filer has
sole voting and dispositive power.
Item 5. Ownership of Five Percent (5%) or Less of a Class. [ ]
Item 6. Ownership of more than Five Percent(5%) on behalf of another person.
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
N/A
Item 8. Identification and Classification of Member of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were no acquired in connection with or as a participant in
any transaction having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Date 2-3-97 /S/ Rodney D. Cerny
KPM INVESTMENT MANAGEMENT, INC.
SECURITY CROSS REFERENCE
DECEMBER 31, 1996
Security: ttc (Toro Company)
PRICE: 36.500
PORTFOLIO TOTAL MARKET UNREALIZED
CODE NAME QUANTITY COST VALUE GAIN/LOSS
- --------- ---------------------------------- -------- ------------ ------------ -----------
16715360 Omaha Construction Industry F/P 63,700 2,085,047.90 2,325,050.00 240,002.10
17285 KPTC FBO: Quality Living Inc. Lied 550 18,411.25 20,075.00 1,663.75
Endowment
2085 KP Trust FBO: Ecklund, Glenn Trust 600 19,963.80 21,900.00 1,936.20
30030717 Abbott, R. Cody - IRA 500 16,043.96 18,250.00 2,206.04
30213156 Ancona, Carl IRA 400 13,544.84 14,600.00 1,055.16
30213585 Antolak, Stanley IRA 900 30,122.64 32,850.00 2,727.36
30416229 Bailey, Pamela G. - IRA 600 19,245.12 21,900.00 2,654.88
30918947 Brushwyler, Robert W. - IRA 250 8,318.25 9,125.00 806.75
31321602 Clark, John V. Jr. - IRA 450 15,084.44 16,425.00 1,340.56
31680435 Davis, John B. -IRA 1,650 54,401.97 60,225.00 5,823.03
33633526 Frank, Albert R - IRA 1,200 39,236.07 43,800.00 4,563.93
33936095 Griffis, Gary L. - IRA 450 15,133.34 16,425.00 1,291.66
34440414 Hughes, Virginia - IRA 650 21,562.45 23,725.00 2,162.55
35698327 Mapes, Jane SEP IRA 750 25,112.72 27,375.00 2,262.28
35753559 Mahoney, Robert W. - IRA 125 4,125.82 4,562.50 436.68
36357879 Naughton, Elizabeth - IRA 250 8,391.39 9,125.00 733.61
37167430 Prebula, Alvin W. - IRA 300 9,729.88 10,950.00 1,220.12
37670939 Ruge, Daniel MD - IRA 350 11,457.76 12,775.00 1,317.24
38374565 Sorensen, Mark B. MD SEP/IRA 900 30,120.14 32,850.00 2,729.86
40000084 Midwest Laboratories, Inc., P/S 3,000 100,123.62 109,500.00 9,376.38
40000098 Midwest Laboratories, Inc. P/P 2,800 93,461.04 102,200.00 8,738.96
40187005 Andersen Berkshire Lauritsen & Brower 450 15,084.44 16,425.00 1,340.56
P/S
40481380 Barlow, Johnson, Flodman, Sutter, 1,200 39,568.06 43,800.00 4,231.94
Guenzel & Eske P/S
40616954 Behlen Mfg. Co.4OlK Thrift Plan & 5,600 184,903.82 204,400.00 19,496.18
Trust
40617270 Berens & Tate PC 401K 750 24,998.13 27,375.00 2,376.87
41315281 City of Holdrege P/P 350 11,754.42 12,775.00 1,020.58
41321456 City of Gering Police Officers P/P 300 9,902.35 10,950.00 1,047.65
(Conservative Growth)
41321475 City of Gering Police Officers P/P 200 6,566.49 7,300.00 733.51
(Aggressive Growth)
41321526 Clark Bros. Transfer Inc. ESOP 500 16,760.83 18,250.00 1,489.17
41321630 Cliffs Notes Inc. MP P/P 650 21,788.83 23,725.00 1,936.17
41422262 Columbus Medical P/P Equity Account 1,000 33,710.73 36,500.00 2,789.27
41714114 Fitzgerald, Schorr, Barmettler & 1,200 39,988.81 43,800.00 3,811.19
Brennan P/S
43129791 Erickson & Sederstrom 401K - Balanced 650 21,676.59 23,725.00 2,048.41
43174689 Erickson & Sederstrom P/S 400 13,373.72 14,600.00 1,226.28
43174726 Erickson & Sederstrom 401K - Equity 850 28,183.43 31,025.00 2,841.57
44022765 Hawkins Construction Special Account 1,000 32,858.61 36,500.00 3,641.39
P/S
1
KPM INVESTMENT MANAGEMENT, INC.
SECURITY CROSS REFERENCE
DECEMBER 31, 1996
Security: ttc (Toro Company)
PRICE: 36.500
PORTFOLIO TOTAL MARKET UNREALIZED
CODE NAME QUANTITY COST VALUE GAIN/LOSS
- --------- ---------------------------------- -------- ------------ ------------ -----------
44206123 Holdrege Medical P/P 600 19,903.80 21,900.00 1,996.20
44423862 Indiana Seed Co. P/S 125 4,206.41 4,562.50 356.09
44440003 Vishay Intertech Master Trust - KPM - 8,500 279,264.30 310,250.00 30,985.70
Hourly P/P of Sprague Elec.
44490781 Jaeger, Thomas, MD Profit Sharing Plan 450 15,086.94 16,425.00 1,338.06
44541281 IBEW Local No. 22-NECA Pension Plan 4,700 154,524.00 171,550.00 17,026.00
44543954 Painters Local #109 Pension Fund 2,350 77,706.80 85,775.00 8,068.20
45004086 Sioux City Foundry P/P 650 21,279.23 23,725.00 2,445.77
45971340 Medical Lab Inc. P/P FBO: Dr. Skoog 1,300 43,105.92 47,450.00 4,344.08
45990904 Fremont Area Medical Center Equity 12,400 413,022.12 452,600.00 39,577.88
46357949 Nebraska Public Employees Balanced 14,700 484,417.15 536,550.00 52,132.85
Acct. - Equity
46357954 Nebraska County Employees Balanced 3,950 130,208.00 144,175.00 13,967.00
Acct. - Equity
46434071 Nebraska County Employees Quality 15,600 519,107.95 569,400.00 50,292.05
Growth Account
46434523 Nebraska Public Employees Quality 55,750 1,851,803.65 2,034,875.00 183,071.35
Growth Account
46601512 North Platte Firefighters Pension Plan 1,600 52,618.25 58,400.00 5,781.75
(Equity)
46762977 Omaha Public Power District Retirement 43,900 1,435,759.85 1,602,350.00 166,590.15
Plan
46865560 Paulsen Development Construction Inc. 250 8,391.39 9,125.00 733.61
401K (Equity)
46866079 Reilly, Petersen & Hannan, P.L.C. 500 16,760.83 18,250.00 1,489.17
P/S-Equity Account
47066831 Plaindealer Publishing Co., Inc. 401K 300 9,975.20 10,950.00 974.80
R/P
47369022 Reinke Mfg. Co., Inc. Employee P/S 1,600 53,446.43 58,400.00 4,953.57
47369055 Reinke Mfg. Co. Inc. Employer P/S 650 21,780.97 23,725.00 1,944.03
47789004 Schluter, Judith H. 500 16,629.00 18,250.00 1,621.00
48096144 Danko Emergency Equipment P/S Equity 800 26,784.36 29,200.00 2,415.64
Account
48096200 Smeal Fire Apparatus P/S Equity 1,750 57,706.34 63,875.00 6,168.66
Account
48096262 Smeal Manufacturing Company P/S 450 15,087.84 16,425.00 1,337.16
Equity Account
48677034 Milbourn, Fehringer, Kessler & Peetz 700 23,446.07 25,550.00 2,103.93
P.C. 401K P/S & Trust
49385510 Wintz Funeral Home Inc. P/S Plan 250 8,391.39 9,125.00 733.61
50617236 Berry, Rose Mary 400 12,954.86 14,600.00 1,645.14
50619607 Bellevue University Ada & James 500 16,412.78 18,250.00 1,837.22
Redding Endowed Business Chair
2
KPM INVESTMENT MANAGEMENT, INC.
SECURITY CROSS REFERENCE
DECEMBER 31, 1996
Security: ttc (Toro Company)
PRICE: 36.500
PORTFOLIO TOTAL MARKET UNREALIZED
CODE NAME QUANTITY COST VALUE GAIN/LOSS
- --------- ---------------------------------- -------- ------------ ------------ -----------
50717721 Bishop Clarkson Memorial Foundation / 19,200 631,592.60 700,800.00 69,207.40
Equity
50717735 Bishop Clarkson Memorial Foundation 800 26,303.40 29,200.00 2,896.60
Scholarship Fund / Equity
50818273 Borchert, Marshall & Jennie 400 13,413.06 14,600.00 1,186.94
51220744 Central States Health & Life of Omaha 9,400 309,499.00 343,100.00 33,601.00
51262381 Catrucco, John 150 5,046.30 5,475.00 428.70
51315285 Grand Island Police Officers P/P 1,100 36,834.14 40,150.00 3,315.86
51315290 Grand Island FireFighters P/P Equity 4,700 156,705.76 171,550.00 14,844.24
51320096 KPM FUNDS, Inc. Equity Portfolio 31,500 1,044,962.50 1,149,750.00 104,787.50
51320994 Children's Hospital Foundation 9,000 293,353.90 328,500.00 35,146.10
51442495 Omaha Archdiocesan Foundation Inc. 1,050 33,186.10 38,325.00 5,138.90
(Equity)
51447059 Conception Benedictine Trust 1,600 54,554.15 58,400.00 3,845.85
51519697 Creighton University Endowment Fund 40,150 1,318,725.75 1,465,475.00 146,749.25
51519701 Creighton Prep Endowment Fund / 2,200 74,672.30 80,300.00 5,627.70
Equity
51522794 Creche Child Care Center Endowment 400 12,628.00 14,600.00 1,972.00
51523232 Custer Public Power District Money 1,900 62,899.18 69,350.00 6,450.82
Purchase P/P
51724546 Devita Family Trust 750 24,918.39 27,375.00 2,456.61
51925173 Dolce, Mary Revocable Trust 300 10,065.28 10,950.00 884.72
51925187 Dolce, John Revocable Trust 300 10,065.28 10,950.00 884.72
52127033 Edwards, Robert & Charlene 500 16,395.27 18,250.00 1,854.73
53834623 Geneva Tube Inc. 1,200 39,893.88 43,800.00 3,906.12
54338689 Hetzler, William Tr. 350 11,739.17 12,775.00 1,035.83
54338694 Hetzler, Marilynn Tr. 350 11,739.17 12,775.00 1,035.83
54339009 Hill, William R. 75 2,529.23 2,737.50 208.27
54489579 Jacobsen, Thomas 400 13,460.48 14,600.00 1,139.52
54543901 Insurance Consultants Inc. 500 15,552.50 18,250.00 2,697.50
54646353 Jacobsen, Peter L. & Ellen G. Trust 200 6,757.40 7,300.00 542.60
54646517 Jansky, Inc. 300 9,899.64 10,950.00 1,050.36
54721700 KPM Equity Partners LP 10,400 341,841.60 379,600.00 37,758.40
54948690 Katelman, Lorrie Farris Trust 250 8,394.97 9,125.00 730.03
55018120 Klein, John Trust 225 7,500.18 8,212.50 712.32
55451141 Wai, Cecilia Family Trust: Lambert Wai 700 23,459.60 25,550.00 2,090.40
Trustee
55552649 Loseke, Lavonne 1,200 39,625.62 43,800.00 4,174.38
55652998 Lutheran Family Services Foundation 400 13,141.82 14,600.00 1,458.18
Equity
55753327 Maasdam, Chris F. & Cathy A. 200 6,717.50 7,300.00 582.50
55754567 McKinney, Daniel MD 950 31,431.32 34,675.00 3,243.68
56019915 Mueller-Schluter LP 5,650 185,767.10 206,225.00 20,457.90
56257138 Muilenburg, Conrad D. 500 16,419.29 18,250.00 1,830.71
3
KPM INVESTMENT MANAGEMENT, INC.
SECURITY CROSS REFERENCE
DECEMBER 31, 1996
Security: ttc (Toro Company)
PRICE: 36.500
PORTFOLIO TOTAL MARKET UNREALIZED
CODE NAME QUANTITY COST VALUE GAIN/LOSS
- --------- ---------------------------------- -------- ------------ ------------ -----------
56331992 Farmers Mutual United Insurance 850 28,476.58 31,025.00 2,548.42
Company
56357944 NE Farmers Mutual Reinsurance 550 18,442.62 20,075.00 1,632.38
Association
56357977 Nebraska Investment Council - Fund B 40,000 1,305,810.00 1,460,000.00 154,190.00
Small Cap
56662147 Olsen, Cheryl K. Revocable Trust 500 15,288.29 18,250.00 2,961.71
56662468 O'Neal, T. Keith 1,450 48,044.27 52,925.00 4,880.73
56865734 Peck, John M. 1,000 33,455.78 36,500.00 3,044.22
56872876 Peller, Thelma L. 125 4,208.91 4,562.50 353.59
57167410 Prebula, Alvin & Stephanie 500 16,758.33 18,250.00 1,491.67
57368606 Ragan, Daniel 300 10,082.50 10,950.00 867.50
57871927 Schneider, Ronald & Janice Funnel 1,100 36,770.87 40,150.00 3,379.13
Trust
57871946 Schluter, Fredric E., Jr. 350 11,641.05 12,775.00 1,133.95
57871951 Schelkopf, Stanley & Donna 650 21,776.93 23,725.00 1,948.07
57871965 Schluter, F. E., Jr. Partners Acct. 2 350 11,641.05 12,775.00 1,133.95
57952513 Shenandoah Memorial Hospital 1,700 56,352.20 62,050.00 5,697.80
58072449 Seno A Partnership FBO: James C Ransom 700 23,446.07 25,550.00 2,103.93
58072454 Seno A Partnership 11130: Ransom 300 10,065.28 10,950.00 884.72
Generation Skipping Trust
58777207 Theilen, Robert W 700 23,446.07 25,550.00 2,103.93
58880493 United of Omaha Common Stock Portfolio 66,100 2,082,903.50 2,412,650.00 329,746.50
58880501 United Value Equity Fund 123,200 3,865,143.15 4,496,800.00 631,656.85
58980497 University of Nebraska Foundation 600 20,164.36 21,900.00 1,735.64
59268105 Hestmark, Virginia W. Trust 1,250 41,518.38 45,625.00 4,106.62
59688168 Youngstrom, Warren & Jacqueline 1,800 60,089.89 65,700.00 5,610.11
59688192 YSB FBO: Inness, George J. Revocable 600 20,065.39 21,900.00 1,834.61
Trust
59688210 YSB FBO: Kennedy, L.C. Marital Trust 400 13,270.34 14,600.00 1,329.66
7764 KPTC: Scottsbluff Police Officers 1,850 61,314.13 67,525.00 6,210.87
Pension Plan
7769 KPTC: Scottsbluff FireFighters Pension 950 31,507.64 34,675.00 3,167.36
Plan
822 Kittredge, William R. - IRA 500 16,828.00 18,250.00 1,422.00
9524 KP Trust FBO: Wood, Jane R. 200 6,659.60 7,300.00 640.40
------- ------------- -------------- -------------
668,525 21,746,401.50 24,401,162.50 2,654,761.00
4