BMO Capital Markets Issues Positive Forecast for Toromont Industries (TSE:TIH) Stock Price

Toromont Industries (TSE:TIH) had its price target raised by BMO Capital Markets from C$196.00 to C$210.00 in a research note released on Thursday morning,BayStreet.CA reports.

TIH has been the subject of a number of other research reports. Canaccord Genuity Group increased their price objective on Toromont Industries from C$160.00 to C$172.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. TD Securities boosted their target price on Toromont Industries from C$180.00 to C$195.00 in a research report on Wednesday, February 4th. CIBC World Markets increased their price target on Toromont Industries from C$172.00 to C$180.00 in a research report on Saturday, February 7th. National Bank Financial lifted their price target on Toromont Industries from C$164.00 to C$176.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Finally, 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. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Toromont Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of C$186.11.

Toromont Industries Stock Performance

Shares of TIH stock opened at C$197.33 on Thursday. Toromont Industries has a 12-month low of C$107.32 and a 12-month high of C$199.77. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38. The firm has a market capitalization of C$16.07 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 3.72 and a beta of 0.52. The business has a 50 day simple moving average of C$172.43 and a 200 day simple moving average of C$159.56.

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

Toromont Industries Announces Dividend

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

Insider Buying and Selling at Toromont Industries

In other 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 transaction, the insider owned 12,012 shares in the company, valued at approximately C$1,981,980. The trade was a 29.39% decrease in their position. Corporate 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

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