OTCMKTS:TMTNF Toromont Industries - TMTNF Stock Forecast, Price & News 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. $80.01 0.00 (0.00%) (As of 03/30/2023 12:00 AM ET) Add Compare Share Share Today's Range$80.01▼$80.0150-Day Range$71.44▼$83.5552-Week Range$70.14▼$96.02Volume18 shsAverage Volume3,188 shsMarket CapitalizationN/AP/E Ratio50.87Dividend Yield0.56%Price Target$121.57 ProfileAnalyst RatingsChartCompetitorsHeadlinesShort Interest Toromont Industries MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside51.9% Upside$121.57 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.1.72 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 $121.57, Toromont Industries has a forecasted upside of 51.9% from its current price of $80.01.Amount of Analyst CoverageToromont Industries has only been the subject of 1 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares ShortedShort Interest Ratio / Days to CoverToromont Industries has a short interest ratio ("days to cover") of 47.2, which indicates bearish sentiment.Change versus previous monthShort interest in Toromont Industries has recently increased by 12.88%, indicating that investor sentiment is decreasing 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 50.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Toromont Industries is 50.87, which means that it is trading at a more expensive P/E ratio than the Distribution Services sector average P/E ratio of about 8.15. 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 HeadlinesFebruary 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 ExpectationsMarch 31, 2023 | WealthPop (Ad)Adam Mesh: “This Strategy Saved My Trading Career”Adam Mesh was $50,000 in the hole - and ready to quit trading for good… Until he discovered the secret to unlocking double-digit income. This strategy has averaged 64% average gains in the last three years. Adam is hosting a free session to show ordinary folks how to execute this incredible strategy. Click here to let Adam show you how it’s done. February 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 GwillimburyMarch 31, 2023 | Porter & Company (Ad)A strange force is brewing…An economic force with the potential to be bigger than the 1880s railroad boom, the 1920s automobile boom, the baby boom of the 1960s, or the Dotcom boom of the ‘90s. And while Biden has nothing to do with it… he’ll take full credit. July 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 TranscriptApril 28, 2022 | seekingalpha.comToromont declares CAD 0.39 dividendApril 13, 2022 | finance.yahoo.comTOROMONT TO ANNOUNCE FIRST QUARTER 2022 RESULTS ON APRIL 27, 2022 AND HOLD ANNUAL & SPECIAL MEETING OF SHAREHOLDERS ON APRIL 28, 2022April 3, 2022 | finance.yahoo.comWhat Kind Of Investors Own Most Of Toromont Industries Ltd. (TSE:TIH)?March 18, 2022 | ca.finance.yahoo.com3 Linear Growth Stocks for Predictable Wealth BuildingMarch 7, 2022 | finance.yahoo.comToromont Industries (TSE:TIH) Is Paying Out A Larger Dividend Than Last YearFebruary 18, 2022 | finance.yahoo.comToromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.39February 10, 2022 | seekingalpha.comToromont raises dividend by 11% to CAD 0.39November 25, 2021 | finance.yahoo.comToromont Industries Ltd.'s (TSE:TIH) Stock Has Fared Decently: Is the Market Following Strong Financials?October 21, 2021 | finance.yahoo.comToromont to Announce Third Quarter 2021 Results on Thursday, November 4, 2021September 29, 2021 | finance.yahoo.comHow Many Toromont Industries Ltd. (TSE:TIH) Shares Do Institutions Own?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings4/22/2015Today3/31/2023Next Earnings (Estimated)4/25/2023Get 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$121.57 High Stock Price Forecast$130.00 Low Stock Price Forecast$113.00 Forecasted Upside/Downside+51.9%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio50.87 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:HDIUFBossardOTCMKTS:BHAGFCervus EquipmentOTCMKTS:CSQPFElectrolux Professional AB (publ)OTC:ECTXFView All Competitors TMTNF Stock - Frequently Asked Questions Should I buy or sell Toromont Industries stock right now? 3 Wall Street research 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 research 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 Wall Street analysts have issued 12-month price targets for Toromont Industries' shares. Their TMTNF share price forecasts range from $113.00 to $130.00. On average, they expect the company's share price to reach $121.57 in the next year. This suggests a possible upside of 51.9% 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 2023. Since then, TMTNF stock has increased by 12.0% and is now trading at $80.01. View the best growth stocks for 2023 here. Are investors shorting Toromont Industries? Toromont Industries saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 129,700 shares, an increase of 34.7% from the February 13th total of 96,300 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 46.3 days. View Toromont Industries' Short Interest. When is Toromont Industries' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. View our TMTNF earnings forecast. How were Toromont Industries' earnings last quarter? Toromont Industries Ltd. (OTCMKTS:TMTNF) released its quarterly earnings results on Wednesday, April, 22nd. The company reported $0.26 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 $80.01. 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 3/31/2023 by MarketBeat.com Staff 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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