OTCMKTS:TMTNF Toromont Industries (TMTNF) Stock Forecast, Price & News $78.88 +0.57 (+0.73%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$78.88▼$78.8850-Day Range$77.62▼$83.6952-Week Range$70.14▼$88.80Volume132 shsAverage Volume1,251 shsMarket CapitalizationN/AP/E Ratio50.16Dividend Yield0.57%Price Target$124.13 ProfileProfileAnalyst RatingsChartCompetitorsHeadlinesShort InterestProfileAnalyst RatingsChartCompetitorsHeadlinesShort Interest Toromont Industries MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside57.4% Upside$124.13 Price TargetShort InterestBearishDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.97 out of 5 stars 3.3 Analyst's Opinion Consensus RatingToromont Industries has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $124.13, Toromont Industries has a forecasted upside of 57.4% from its current price of $78.88.Amount of Analyst CoverageToromont Industries has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares ShortedShort Interest Ratio / Days to CoverToromont Industries has a short interest ratio ("days to cover") of 417.3, which indicates bearish sentiment.Change versus previous monthShort interest in Toromont Industries has recently decreased by 11.71%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldToromont Industries pays a meaningful dividend of 2.37%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthToromont Industries does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Toromont Industries is 28.61%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TMTNF. Previous Next N/A News and Social Media Coverage Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Toromont Industries insiders have not sold or bought any company stock.Percentage Held by Institutions53.32% of the stock of Toromont Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Toromont Industries is 50.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.71.Price to Earnings Ratio vs. SectorThe P/E ratio of Toromont Industries is 50.16, which means that it is trading at a more expensive P/E ratio than the Distribution Services sector average P/E ratio of about 8.19. Previous Next See Top Rated MarketRank™ Stocks Here About Toromont Industries (OTCMKTS:TMTNF) StockToromont Industries Ltd. engages in the distribution of construction equipment, power systems, and refrigeration systems. It operates through the Equipment Group and CIMCO segments. The Equipment Group segment comprises of Toromont CAT, Battlefield, Sitech, and AgWest. The CIMCO segment relates in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. The company was founded on January 31, 1961 and is headquartered in Concord, Canada.Read More Receive TMTNF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Toromont Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address TMTNF Stock News HeadlinesMay 4, 2023 | finance.yahoo.comToromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.43May 4, 2023 | americanbankingnews.comBMO Capital Markets Raises Toromont Industries (OTCMKTS:TMTNF) Price Target to C$124.00June 2, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. May 3, 2023 | americanbankingnews.comScotiabank Increases Toromont Industries (OTCMKTS:TMTNF) Price Target to C$125.00May 3, 2023 | americanbankingnews.comNational Bank Financial Increases Toromont Industries (OTCMKTS:TMTNF) Price Target to C$126.00May 3, 2023 | americanbankingnews.comRoyal Bank of Canada Increases Toromont Industries (OTCMKTS:TMTNF) Price Target to C$133.00May 2, 2023 | americanbankingnews.comToromont Industries (OTCMKTS:TMTNF) Given New C$130.00 Price Target at TD SecuritiesApril 29, 2023 | msn.comToromont Industries (TMTNF) Declares $0.43 DividendJune 2, 2023 | Edge On The Street (Ad)The Graphite Shortage Story You're Not Being ToldGraphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. 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April 27, 2023 | finance.yahoo.comTOROMONT ANNOUNCES APPOINTMENT OF MICHAEL MCMILLAN AS PRESIDENT AND CEO FOLLOWING RETIREMENT OF SCOTT MEDHURSTApril 27, 2023 | finance.yahoo.comTOROMONT ANNOUNCES RESULTS FOR THE FIRST QUARTER OF 2023 AND QUARTERLY DIVIDENDApril 18, 2023 | finance.yahoo.comHere's Why We Think Toromont Industries (TSE:TIH) Is Well Worth WatchingFebruary 17, 2023 | seekingalpha.comToromont Industries raises quarterly dividend by 10.3% to CAD 0.43/shareFebruary 16, 2023 | finance.yahoo.comToromont Industries Full Year 2022 Earnings: Beats ExpectationsFebruary 14, 2023 | finance.yahoo.comTOROMONT ANNOUNCES 2022 FOURTH QUARTER AND FULL YEAR RESULTS AND INCREASES QUARTERLY DIVIDENDJanuary 31, 2023 | finance.yahoo.comTOROMONT TO ANNOUNCE 2022 FULL YEAR AND FOURTH QUARTER RESULTS ON FEBRUARY 14, 2023November 1, 2022 | finance.yahoo.comTOROMONT ANNOUNCES RESULTS FOR THE THIRD QUARTER OF 2022 AND QUARTERLY DIVIDENDSeptember 10, 2022 | finance.yahoo.comWhile institutions invested in Toromont Industries Ltd. (TSE:TIH) benefited from last week's 3.4% gain, individual investors stood to gain the mostSeptember 7, 2022 | finance.yahoo.comToromont Industries Ltd. to Build New Remanufacturing Facility in Bradford West GwillimburyJuly 26, 2022 | finance.yahoo.comTOROMONT ANNOUNCES RESULTS FOR THE SECOND QUARTER OF 2022 AND QUARTERLY DIVIDENDJuly 12, 2022 | finance.yahoo.comTOROMONT TO ANNOUNCE SECOND QUARTER 2022 RESULTS ON JULY 26, 2022June 17, 2022 | finance.yahoo.comIs Toromont Industries Ltd. (TSE:TIH) Trading At A 21% Discount?June 3, 2022 | finance.yahoo.comThere's A Lot To Like About Toromont Industries' (TSE:TIH) Upcoming CA$0.39 DividendJune 2, 2022 | finance.yahoo.comToromont Announces the Planned Retirement of Scott Medhurst, President and Chief Executive OfficerMay 30, 2022 | finance.yahoo.comDo Toromont Industries's (TSE:TIH) Earnings Warrant Your Attention?April 29, 2022 | finance.yahoo.comRBC Capital, BMO Boost Toromont Industries Price TargetApril 28, 2022 | seekingalpha.comToromont Industries Ltd.'s (TMTNF) CEO Scott Medhurst on Q1 2022 Results - Earnings Call TranscriptSee More Headlines TMTNF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TMTNF Company Calendar Last Earnings4/22/2015Today6/02/2023Next Earnings (Estimated)7/24/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeOTCMKTS Industry Wholesale Distributors Sub-IndustryN/A SectorDistribution Services Current SymbolOTCMKTS:TMTNF CUSIPN/A CIKN/A Webwww.toromont.com Phone(416) 667-5511FaxN/AEmployees6,400Year FoundedN/APrice Target and Rating Average Stock Price Forecast$124.13 High Stock Price Forecast$133.00 Low Stock Price Forecast$113.00 Forecasted Upside/Downside+57.4%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio50.16 Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableNot Optionable BetaN/A Key ExecutivesScott J. MedhurstPresident, Chief Executive Officer & DirectorMichael S. H. McMillanChief Financial Officer & Executive Vice PresidentMichael P. CuddyChief Information Officer & Vice PresidentJennifer J. CochraneVice President-FinanceColin GoheenPresident-Battlefield Equipment RentalsKey CompetitorsABC-Mart,Inc.OTCMKTS:AMKYFADENTRAOTCMKTS:HDIUFAluminum Co. of ChinaOTCMKTS:ACHHYBossardOTCMKTS:BHAGFCervus EquipmentOTCMKTS:CSQPFView All Competitors TMTNF Stock - Frequently Asked Questions Should I buy or sell Toromont Industries stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toromont Industries in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TMTNF shares. View TMTNF analyst ratings or view top-rated stocks. What is Toromont Industries' stock price forecast for 2023? 3 brokers have issued 12-month price objectives for Toromont Industries' stock. Their TMTNF share price forecasts range from $113.00 to $133.00. On average, they anticipate the company's share price to reach $124.13 in the next twelve months. This suggests a possible upside of 57.4% from the stock's current price. View analysts price targets for TMTNF or view top-rated stocks among Wall Street analysts. How have TMTNF shares performed in 2023? Toromont Industries' stock was trading at $71.4380 at the beginning of the year. Since then, TMTNF shares have increased by 10.4% and is now trading at $78.8841. View the best growth stocks for 2023 here. When is Toromont Industries' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023. View our TMTNF earnings forecast. How were Toromont Industries' earnings last quarter? Toromont Industries Ltd. (OTCMKTS:TMTNF) issued its quarterly earnings data on Wednesday, April, 22nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.02. Is Toromont Industries a good dividend stock? Toromont Industries (OTCMKTS:TMTNF) pays an annual dividend of $0.45 per share and currently has a dividend yield of 2.37%. The dividend payout ratio is 28.61%. This payout ratio is at a healthy, sustainable level, below 75%. What is Toromont Industries' stock symbol? Toromont Industries trades on the OTCMKTS under the ticker symbol "TMTNF." How do I buy shares of Toromont Industries? Shares of TMTNF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Toromont Industries' stock price today? One share of TMTNF stock can currently be purchased for approximately $78.88. How many employees does Toromont Industries have? The company employs 6,400 workers across the globe. How can I contact Toromont Industries? Toromont Industries' mailing address is 3131 Highway 7 West, Concord, ON L4K. The official website for the company is www.toromont.com. The company can be reached via phone at (416) 667-5511. This page (OTCMKTS:TMTNF) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Toromont Industries Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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