A number of other brokerages have also issued reports on TIH. BMO Capital Markets boosted their price target on shares of Toromont Industries from C$126.00 to C$130.00 in a research note on Friday, April 29th. CIBC decreased their price objective on shares of Toromont Industries from C$125.00 to C$107.00 in a report on Wednesday, July 13th. Royal Bank of Canada boosted their price objective on shares of Toromont Industries from C$126.00 to C$129.00 and gave the stock an outperform rating in a report on Friday, April 29th. National Bankshares downgraded shares of Toromont Industries from an outperform rating to a hold rating and decreased their price objective for the stock from C$127.00 to C$109.00 in a report on Tuesday, July 12th. Finally, TD Securities boosted their price objective on shares of Toromont Industries from C$125.00 to C$130.00 and gave the stock a hold rating in a report on Friday, April 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$121.60.
Toromont Industries Trading Down 0.4 %
Shares of Toromont Industries stock opened at C$105.86 on Monday. Toromont Industries has a 52-week low of C$93.25 and a 52-week high of C$124.25. The company has a quick ratio of 1.53, a current ratio of 2.55 and a debt-to-equity ratio of 33.17. The company’s 50-day simple moving average is C$105.08 and its 200-day simple moving average is C$110.16. The firm has a market cap of C$8.74 billion and a price-to-earnings ratio of 25.57.
Toromont Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Tuesday, July 5th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Wednesday, June 8th. Toromont Industries’s dividend payout ratio (DPR) is presently 34.78%.
Insider Buying and Selling at Toromont Industries
In related news, Director Scott Medhurst sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of C$105.20, for a total transaction of C$105,200.00. Following the transaction, the director now owns 202,529 shares of the company’s stock, valued at C$21,306,050.80.
Toromont Industries Company Profile
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.
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