Investment Analysts’ Recent Ratings Changes for Toromont Industries (TIH)

Toromont Industries (TSE: TIH) has recently received a number of price target changes and ratings updates:

• 11/6/2024 – Toromont Industries had its price target lowered by analysts at BMO Capital Markets from C$143.00 to C$140.00.
• 11/6/2024 – Toromont Industries had its price target lowered by analysts at Raymond James from C$132.00 to C$122.00.
• 11/6/2024 – Toromont Industries had its price target lowered by analysts at Royal Bank of Canada from C$142.00 to C$138.00.
• 11/6/2024 – Toromont Industries had its price target lowered by analysts at Scotiabank from C$136.00 to C$132.00.
• 11/5/2024 – Toromont Industries had its price target lowered by analysts at National Bankshares, Inc. from C$135.00 to C$132.00.
• 10/22/2024 – Toromont Industries was downgraded by analysts at National Bankshares, Inc. from an “outperform” rating to a “sector perform” rating.
• 10/21/2024 – Toromont Industries was downgraded by analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating.
• 10/18/2024 – Toromont Industries had its price target raised by analysts at BMO Capital Markets from C$136.00 to C$143.00.

Toromont Industries Stock Performance

TSE TIH opened at C$119.22 on Friday. The business’s 50-day moving average price is C$127.10 and its 200 day moving average price is C$124.42. The company has a quick ratio of 1.38, a current ratio of 2.64 and a debt-to-equity ratio of 24.08. The firm has a market cap of C$9.77 billion, a P/E ratio of 19.01, a P/E/G ratio of 3.72 and a beta of 0.68. Toromont Industries Ltd. has a 52-week low of C$108.04 and a 52-week high of C$135.53.

Toromont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 6th will be issued a $0.48 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.61%. Toromont Industries’s dividend payout ratio (DPR) is 30.62%.

Insider Activity at Toromont Industries

In other news, Senior Officer Jennifer Cochrane sold 1,400 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$121.25, for a total transaction of C$169,750.00. In other Toromont Industries news, Director David Allan Malinauskas sold 2,500 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$124.00, for a total transaction of C$310,000.00. Also, Senior Officer Jennifer Cochrane sold 1,400 shares of Toromont Industries stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$121.25, for a total value of C$169,750.00. In the last quarter, insiders sold 4,500 shares of company stock valued at $554,864. 0.27% of the stock is owned by insiders.

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.