Toromont Industries Ltd. (TSE:TIH - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$135.38.
TIH has been the subject of a number of research analyst reports. TD Securities upped their price objective on shares of Toromont Industries from C$130.00 to C$140.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Royal Bank of Canada upped their target price on shares of Toromont Industries from C$125.00 to C$140.00 and gave the company an "outperform" rating in a research note on Thursday, February 15th. BMO Capital Markets upped their price objective on shares of Toromont Industries from C$124.00 to C$130.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. Scotiabank upped their price objective on shares of Toromont Industries from C$125.00 to C$133.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 15th. Finally, CIBC increased their price target on shares of Toromont Industries from C$123.00 to C$130.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th.
View Our Latest Stock Analysis on Toromont Industries
Insiders Place Their Bets
In other Toromont Industries news, Senior Officer Jennifer Cochrane sold 3,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of C$128.00, for a total value of C$384,000.00. In other Toromont Industries news, Senior Officer Jennifer Cochrane sold 3,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of C$128.00, for a total value of C$384,000.00. Also, Director David Allan Malinauskas sold 8,700 shares of the firm'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. Over the last three months, insiders have sold 21,700 shares of company stock worth $2,727,180. Company insiders own 0.27% of the company's stock.
Toromont Industries Stock Performance
Toromont Industries stock traded up C$0.07 on Monday, reaching C$130.42. 78,726 shares of the stock were exchanged, compared to its average volume of 91,376. The stock has a market cap of C$10.73 billion, a PE ratio of 20.53, a PEG ratio of 3.72 and a beta of 0.72. 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 has a twelve month low of C$100.81 and a twelve month high of C$131.98. The firm has a fifty day moving average price of C$123.54 and a two-hundred day moving average price of C$116.04.
Toromont Industries (TSE:TIH - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported C$1.86 earnings per share for the quarter, topping 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 analyst estimates of C$1.19 billion. Toromont Industries had a net margin of 11.57% and a return on equity of 21.13%. Sell-side analysts anticipate that Toromont Industries will post 6.3092933 EPS for the current year.
Toromont Industries Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, April 4th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Toromont Industries's previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 1.47%. Toromont Industries's dividend payout ratio (DPR) is 30.09%.
About Toromont Industries
(
Get Free ReportToromont 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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