Jennifer Cochrane Sells 5,000 Shares of Toromont Industries Ltd. (TSE:TIH) Stock

Toromont Industries Ltd. (TSE:TIH - Get Free Report) Senior Officer Jennifer Cochrane sold 5,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of C$120.00, for a total transaction of C$600,000.00.

Jennifer Cochrane also recently made the following trade(s):

• On Monday, May 12th, Jennifer Cochrane sold 5,000 shares of Toromont Industries stock. The stock was sold at an average price of C$116.00, for a total transaction of C$580,000.00.
• On Monday, March 17th, Jennifer Cochrane sold 5,000 shares of Toromont Industries stock. The shares were sold at an average price of C$115.00, for a total transaction of C$575,000.00.

Toromont Industries Trading Down 0.4%

Shares of Toromont Industries stock traded down C$0.54 during trading on Thursday, hitting C$121.37. The stock had a trading volume of 7,093 shares, compared to its average volume of 152,413. The stock has a 50 day simple moving average of C$115.58 and a 200 day simple moving average of C$115.88. The company has a market capitalization of C$9.90 billion, a PE ratio of 19.71, a P/E/G ratio of 3.72 and a beta of 0.68. 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 1 year low of C$107.32 and a 1 year high of C$134.88.

Toromont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Thursday, July 3rd will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, June 6th. Toromont Industries's dividend payout ratio (DPR) is presently 31.18%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Toromont Industries from C$138.00 to C$139.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. TD Securities dropped their price target on shares of Toromont Industries from C$143.00 to C$136.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. CIBC dropped their price target on shares of Toromont Industries from C$130.00 to C$120.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Canaccord Genuity Group dropped their target price on shares of Toromont Industries from C$134.00 to C$131.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, National Bankshares boosted their target price on shares of Toromont Industries from C$126.00 to C$133.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$129.63.

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.