Toromont Industries (TSE:TIH) Price Target Raised to C$133.00 at BMO Capital Markets

Toromont Industries (TSE:TIH - Free Report) had its target price boosted by BMO Capital Markets from C$130.00 to C$133.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. National Bankshares reduced their target price on shares of Toromont Industries from C$137.00 to C$132.00 and set an outperform rating on the stock in a research note on Friday. Royal Bank of Canada reduced their price objective on shares of Toromont Industries from C$140.00 to C$137.00 and set an outperform rating on the stock in a research report on Friday. Raymond James dropped their target price on Toromont Industries from C$135.00 to C$132.00 and set a market perform rating for the company in a research report on Friday. TD Securities reduced their price target on Toromont Industries from C$145.00 to C$140.00 and set a buy rating on the stock in a report on Friday. Finally, Scotiabank dropped their price objective on Toromont Industries from C$133.00 to C$125.00 and set a sector perform rating for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$133.13.

Toromont Industries Price Performance

Shares of TSE TIH traded up C$1.36 during midday trading on Monday, reaching C$123.64. 88,788 shares of the stock traded hands, compared to its average volume of 98,511. The company has a debt-to-equity ratio of 25.41, a current ratio of 2.64 and a quick ratio of 1.38. The stock has a market capitalization of C$10.18 billion, a PE ratio of 19.38, a P/E/G ratio of 3.72 and a beta of 0.72. Toromont Industries has a one year low of C$100.81 and a one year high of C$135.53. The company's 50 day moving average is C$128.24 and its 200 day moving average is C$119.52.

Toromont Industries (TSE:TIH - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported C$1.86 EPS for the quarter, beating analysts' consensus estimates of C$1.73 by C$0.13. The firm had revenue of C$1.23 billion during the quarter, compared to the consensus estimate of C$1.19 billion. Toromont Industries had a return on equity of 21.13% and a net margin of 11.57%. On average, equities research analysts anticipate that Toromont Industries will post 6.3025012 earnings per share for the current year.

Toromont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, June 7th. This represents a $1.92 annualized dividend and a yield of 1.55%. Toromont Industries's payout ratio is currently 30.09%.

Insider Buying and Selling at Toromont Industries

In related news, Senior Officer Mike Cuddy sold 4,800 shares of Toromont Industries stock in a transaction dated Friday, February 16th. The stock was sold at an average price of C$125.10, for a total value of C$600,480.00. In other Toromont Industries news, Senior Officer Jennifer Cochrane sold 3,000 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$125.00, for a total transaction of C$375,000.00. Also, Senior Officer Mike Cuddy sold 4,800 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of C$125.10, for a total value of C$600,480.00. Insiders sold a total of 21,700 shares of company stock valued at $2,727,180 in the last ninety days. Corporate insiders own 0.27% of the company's stock.

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.