Toromont Industries Ltd. (TSE:TIH - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$133.60 and last traded at C$133.57, with a volume of 18347 shares trading hands. The stock had previously closed at C$133.49.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Raymond James lifted their price target on shares of Toromont Industries from C$125.00 to C$135.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Canaccord Genuity Group increased their price target on shares of Toromont Industries from C$123.00 to C$138.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. CIBC lifted their price objective on Toromont Industries from C$123.00 to C$130.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Scotiabank upped their price objective on Toromont Industries from C$125.00 to C$133.00 and gave the company a "sector perform" rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada raised their target price on Toromont Industries from C$125.00 to C$140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$135.38.
Get Our Latest Report on TIH
Toromont Industries Stock Up 0.0 %
The firm has a market capitalization of C$10.99 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 3.72 and a beta of 0.72. The firm has a fifty day moving average price of C$125.37 and a 200 day moving average price of C$116.86. The company has a current ratio of 2.64, a quick ratio of 1.38 and a debt-to-equity ratio of 25.41.
Toromont Industries (TSE:TIH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$1.86 EPS for the quarter, topping analysts' consensus estimates of C$1.73 by C$0.13. Toromont Industries had a return on equity of 21.13% and a net margin of 11.57%. The company had revenue of C$1.23 billion for the quarter, compared to analyst estimates of C$1.19 billion. Sell-side analysts anticipate that Toromont Industries Ltd. will post 6.3092933 EPS for the current fiscal year.
Toromont Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, April 4th were paid a dividend of $0.48 per share. This is a boost from Toromont Industries's previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 7th. Toromont Industries's dividend payout ratio is 30.09%.
Insider Activity at Toromont Industries
In other news, Director David Allan Malinauskas sold 8,700 shares of the business's stock in a transaction on Friday, February 16th. The stock was sold at an average price of C$125.25, for a total transaction of C$1,089,675.00. In related news, Director David Allan Malinauskas sold 8,700 shares of the business's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of C$125.25, for a total transaction of C$1,089,675.00. Also, Senior Officer Mike Cuddy sold 4,800 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of C$125.10, for a total transaction of C$600,480.00. Insiders sold a total of 21,700 shares of company stock valued at $2,727,180 over the last quarter. Corporate insiders own 0.27% of the company's stock.
Toromont Industries Company Profile
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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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