Toromont Industries (TSE:TIH) Price Target Raised to C$180.00 at Raymond James Financial

Toromont Industries (TSE:TIH) had its price target hoisted by Raymond James Financial from C$172.00 to C$180.00 in a research note published on Thursday,BayStreet.CA reports.

Several other analysts have also issued reports on TIH. CIBC World Markets upped their target price on Toromont Industries from C$172.00 to C$180.00 in a research note on Saturday, February 7th. Scotiabank boosted their price objective on shares of Toromont Industries from C$171.00 to C$175.00 and gave the stock a “sector perform” rating in a report on Monday, November 3rd. Royal Bank Of Canada upped their price objective on shares of Toromont Industries from C$151.00 to C$180.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Canadian Imperial Bank of Commerce increased their target price on shares of Toromont Industries from C$172.00 to C$180.00 in a report on Friday, February 6th. Finally, Canaccord Genuity Group lifted their target price on shares of Toromont Industries from C$160.00 to C$172.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$186.11.

Toromont Industries Stock Up 1.0%

TIH opened at C$197.33 on Thursday. The business’s fifty day simple moving average is C$172.43 and its 200 day simple moving average is C$159.56. Toromont Industries has a 52 week low of C$107.32 and a 52 week high of C$199.77. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04. The stock has a market cap of C$16.07 billion, a PE ratio of 32.62, a P/E/G ratio of 3.72 and a beta of 0.52.

Toromont Industries (TSE:TIH) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$1.92 earnings per share (EPS) for the quarter. The firm had revenue of C$1.42 billion during the quarter. Toromont Industries had a return on equity of 17.74% and a net margin of 10.09%. As a group, research analysts expect that Toromont Industries will post 6.5892495 earnings per share for the current fiscal year.

Toromont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Monday, January 5th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 5th. Toromont Industries’s dividend payout ratio is presently 33.72%.

Insider Transactions at Toromont Industries

In related news, insider Jennifer Cochrane sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of C$165.00, for a total transaction of C$825,000.00. Following the sale, the insider owned 12,012 shares of the company’s stock, valued at C$1,981,980. The trade was a 29.39% decrease in their ownership of the stock. Company insiders own 0.27% of the company’s stock.

Key Stories Impacting Toromont Industries

Here are the key news stories impacting Toromont Industries this week:

• Positive Sentiment: Q4 results beat and continued cash returns — Toromont reported C$1.92 EPS on C$1.42B revenue, a 10.1% net margin and 17.7% ROE; the company also marked its 37th consecutive dividend increase, supporting the investment thesis for income and steady cash flow. MarketBeat: Q4 Results
• Positive Sentiment: Analyst support from BMO — BMO Capital Markets raised its price target to C$210, implying roughly mid-single-digit to ~6.6% upside from the recent price, which bolsters buy-side sentiment. BayStreet.CA: BMO PT Raise
• Positive Sentiment: Analyst support from RBC — RBC raised its target to C$207, indicating modest upside and reinforcing analyst confidence after the quarter. BayStreet.CA: RBC PT Raise
• Neutral Sentiment: Investor analysis and context — Recent coverage reviews Toromont’s valuation after the Q4 beat and dividend raise; useful for investors assessing whether current multiples (P/E ~32.6) still make sense given growth expectations. Yahoo Finance: Valuation Note
• Neutral Sentiment: Earnings call detail — The full Q4 earnings call transcript is available for investors wanting management commentary on margins, backlog and guidance; useful but not new price-specific news. Seeking Alpha: Earnings Call Transcript
• Negative Sentiment: Raymond James still below market — Although Raymond James raised its target to C$180, that level implies roughly an 8–9% downside versus the recent share price, introducing a divergent view that could limit near-term upside if other analysts follow. BayStreet.CA: Raymond James PT

Toromont Industries Company Profile

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. The company operates primarily in Canada and derives a smaller portion of sales from the United States of America.