TSE:TIH FY2026 EPS Increased by National Bank Financial

Toromont Industries Ltd. (TSE:TIH) – Equities research analysts at National Bank Financial raised their FY2026 earnings estimates for Toromont Industries in a research report issued on Tuesday, September 23rd. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $6.78 per share for the year, up from their prior estimate of $6.67. The consensus estimate for Toromont Industries’ current full-year earnings is $6.59 per share. National Bank Financial also issued estimates for Toromont Industries’ FY2027 earnings at $7.49 EPS.

A number of other research firms also recently commented on TIH. TD Securities lifted their price target on Toromont Industries from C$153.00 to C$154.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. CIBC increased their target price on Toromont Industries from C$129.00 to C$148.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Raymond James Financial lifted their target price on Toromont Industries from C$122.00 to C$125.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. BMO Capital Markets upped their price target on Toromont Industries from C$140.00 to C$147.00 in a research report on Wednesday, July 30th. Finally, National Bankshares raised their price objective on Toromont Industries from C$140.00 to C$164.00 and gave the stock an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Toromont Industries has an average rating of “Moderate Buy” and a consensus target price of C$143.50.

Toromont Industries Price Performance

Shares of TIH stock opened at C$155.12 on Thursday. The firm has a fifty day moving average of C$142.71 and a two-hundred day moving average of C$126.20. The firm has a market cap of C$12.62 billion, a P/E ratio of 26.25, a P/E/G ratio of 3.72 and a beta of 0.65. Toromont Industries has a 1-year low of C$107.32 and a 1-year high of C$156.56. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38.

Insider Buying and Selling at Toromont Industries

In other news, Director David Allan Malinauskas sold 6,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$146.10, for a total transaction of C$876,600.00. Also, insider Mike Cuddy sold 7,500 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of C$146.00, for a total transaction of C$1,095,000.00. Following the completion of the sale, the insider directly owned 36,955 shares in the company, valued at approximately C$5,395,430. This trade represents a 16.87% decrease in their position. 0.27% of the stock is owned by company insiders.

Toromont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, October 3rd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, September 5th. Toromont Industries’s dividend payout ratio is presently 33.84%.

About Toromont Industries

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems.