Toromont Industries Ltd. (TSE:TIH) Senior Officer Miles Sean Ryan Gregg Sells 600 Shares of Stock

Toromont Industries Ltd. (TSE:TIH) Senior Officer Miles Sean Ryan Gregg sold 600 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$125.19, for a total transaction of C$75,114.00.

Toromont Industries Stock Performance

Shares of TSE TIH opened at C$128.97 on Tuesday. Toromont Industries Ltd. has a 1 year low of C$100.81 and a 1 year high of C$135.53. The firm has a market cap of C$10.57 billion, a P/E ratio of 20.57, a PEG ratio of 3.72 and a beta of 0.67. The stock has a fifty day moving average price of C$123.68 and a two-hundred day moving average price of C$124.32. The company has a debt-to-equity ratio of 24.08, a quick ratio of 1.38 and a current ratio of 2.64.

Toromont Industries (TSE:TIH) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.53 by C$0.11. Toromont Industries had a net margin of 10.86% and a return on equity of 19.65%. The company had revenue of C$1.36 billion for the quarter, compared to analysts’ expectations of C$1.19 billion.

Toromont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.48 per share. The ex-dividend date is Friday, September 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.49%. Toromont Industries’s dividend payout ratio (DPR) is presently 30.62%.

Analyst Ratings Changes

TIH has been the topic of several recent research reports. Royal Bank of Canada lifted their price objective on shares of Toromont Industries from C$137.00 to C$142.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Scotiabank set a C$136.00 price objective on Toromont Industries and gave the stock a “sector perform” rating in a research report on Wednesday, August 21st. TD Securities raised their target price on Toromont Industries from C$140.00 to C$150.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. National Bankshares lifted their target price on Toromont Industries from C$132.00 to C$135.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets increased their price target on Toromont Industries from C$133.00 to C$136.00 in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$137.13.

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.