Frederick James Mifflin Buys 500 Shares of Toromont Industries Ltd. (TSE:TIH) Stock

Toromont Industries Ltd. (TSE:TIH - Get Free Report) Director Frederick James Mifflin acquired 500 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of C$110.05 per share, with a total value of C$55,025.00.

Toromont Industries Trading Down 0.5 %

Toromont Industries stock traded down C$0.61 during mid-day trading on Monday, hitting C$110.34. 88,165 shares of the stock were exchanged, compared to its average volume of 149,060. The firm's fifty day simple moving average is C$114.68 and its two-hundred day simple moving average is C$116.98. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04. Toromont Industries Ltd. has a 12 month low of C$107.32 and a 12 month high of C$134.88. The stock has a market capitalization of C$9.00 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 3.72 and a beta of 0.68.

Toromont Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, April 4th were issued a $0.52 dividend. This is a positive change from Toromont Industries's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.08 annualized dividend and a yield of 1.89%. Toromont Industries's payout ratio is presently 31.18%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Canaccord Genuity Group cut their price objective on Toromont Industries from C$134.00 to C$131.00 and set a "buy" rating on the stock in a report on Friday. CIBC reduced their price target on Toromont Industries from C$130.00 to C$120.00 and set a "neutral" rating on the stock in a report on Friday. BMO Capital Markets dropped their price objective on shares of Toromont Industries from C$130.00 to C$128.00 and set an "outperform" rating for the company in a report on Friday. Raymond James cut their target price on shares of Toromont Industries from C$130.00 to C$122.00 and set a "market perform" rating on the stock in a research report on Friday. Finally, National Bankshares upped their price target on shares of Toromont Industries from C$126.00 to C$133.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toromont Industries currently has an average rating of "Moderate Buy" and an average price target of C$130.50.

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.

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