How have TIH shares performed this year?

Toromont Industries' stock was trading at C$116.10 at the start of the year. Since then, TIH shares have increased by 10.0% and is now trading at C$127.73. View the best growth stocks for 2024 here .

How were Toromont Industries' earnings last quarter?

Toromont Industries Ltd. (TSE:TIH) posted its quarterly earnings results on Wednesday, May, 1st. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.11 by $0.10. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.05 billion. Toromont Industries had a net margin of 11.38% and a trailing twelve-month return on equity of 20.10%.

How do I buy shares of Toromont Industries?

Shares of TIH stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

What other stocks do shareholders of Toromont Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Toromont Industries investors own include National Bank of Canada (NA) , Bank of Nova Scotia (BNS) , Dollarama (DOL) , Enerflex (EFX) , Alimentation Couche-Tard (ATD.B) , BRP (DOO) and Exchange Income (EIF) .

TSE:TIH

Toromont Industries (TIH) Stock Price, News & Analysis

C$127.73

+0.58 (+0.46%)

(As of 07/26/2024 ET)

Compare

Today's Range: C$127.22
▼
C$128.24
50-Day Range: C$116.48
▼
C$127.56
52-Week Range: C$100.81
▼
C$135.53

Volume: 58,108 shs
Average Volume: 103,807 shs
Market Capitalization: C$10.50 billion

P/E Ratio: 20.47
Dividend Yield: 1.50%
Price Target: C$133.50

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Toromont Industries MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 4.5% Upside
C$133.50 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.71
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.70 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
Toromont Industries has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Toromont Industries has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Toromont Industries' stock forecast and price target.

N/A

Short Interest

Short Interest
There is no current short interest data available for TIH.

1.7

Dividend Strength

Dividend Yield
Toromont Industries pays a meaningful dividend of 1.57%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Toromont Industries does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Toromont Industries is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%.
Read more about Toromont Industries' dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TIH.

3.2

News and Social Media Coverage

News Sentiment
Toromont Industries has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.22 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Toromont Industries this week, compared to 1 article on an average week.
Search Interest
3 people have searched for TIH on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Toromont Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.27% of the stock of Toromont Industries is held by insiders.
Percentage Held by Institutions
49.56% of the stock of Toromont Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Toromont Industries' insider trading history.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Toromont Industries is 20.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of Toromont Industries is 20.47, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 430.68.
Price to Earnings Growth Ratio
Toromont Industries has a PEG Ratio of 3.72. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Toromont Industries has a P/B Ratio of 3.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Toromont Industries' valuation and earnings.

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About Toromont Industries Stock (TSE:TIH)

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. This segment serves road building, mining, aggregates, infrastructure, residential and commercial construction, power generation, agriculture, forestry, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is headquartered in Concord, Canada.

TIH Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TIH Stock News Headlines

July 26 at 1:46 AM | americanbankingnews.com

BMO Capital Markets Boosts Toromont Industries (TSE:TIH) Price Target to C$136.00

July 23 at 7:16 AM | americanbankingnews.com

Toromont Industries (TIH) Set to Announce Quarterly Earnings on Tuesday

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July 18, 2024 | americanbankingnews.com

Toromont Industries (TSE:TIH) Share Price Crosses Above Two Hundred Day Moving Average of $122.88

May 27, 2024 | msn.com

Compare with Toromont Industries Ltd (TIH)

May 24, 2024 | finance.yahoo.com

Toromont Industries Ltd.'s (TSE:TIH) largest shareholders are retail investors with 51% ownership, institutions own 49%

May 1, 2024 | markets.businessinsider.com

Toromont Industries earnings: here's what to expect

April 29, 2024 | finance.yahoo.com

Investing in Toromont Industries (TSE:TIH) five years ago would have delivered you a 117% gain

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After Hitting 52-Week Highs, TIH Stock Is Down: Here’s What Happened

April 15, 2024 | finance.yahoo.com

Toromont Industries (TSE:TIH) Might Become A Compounding Machine

April 5, 2024 | finance.yahoo.com

TOROMONT TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON MAY 1, 2024 AND HOLD ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS ON MAY 2, 2024; PROVIDES DIRECTOR SUCCESSION UPDATE

February 19, 2024 | msn.com

Toromont Earnings – A Decisive Beat

February 16, 2024 | msn.com

1 Dreamy Dividend Stock up 11% Just Increased its Dividend by 12%!

February 16, 2024 | finance.yahoo.com

CA$135 - That's What Analysts Think Toromont Industries Ltd. (TSE:TIH) Is Worth After These Results

February 13, 2024 | finance.yahoo.com

TOROMONT ANNOUNCES 2023 FOURTH QUARTER AND FULL YEAR RESULTS AND INCREASES QUARTERLY DIVIDEND

January 30, 2024 | finance.yahoo.com

TOROMONT TO ANNOUNCE 2023 FULL YEAR AND FOURTH QUARTER RESULTS ON FEBRUARY 13, 2024

January 18, 2024 | theglobeandmail.com

Bullish potential on Toromont Industries

See More Headlines

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Company Calendar

Last Earnings: 5/01/2024
Ex-Dividend for 7/5 Dividend: 6/07/2024
Dividend Payable: 7/05/2024
Today: 7/26/2024
Next Earnings (Confirmed): 7/30/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Industrials
Industry: Industrial Distribution
Sub-Industry: N/A
Current Symbol: TSE:TIH
CUSIP: N/A
CIK: N/A
Web: www.toromont.com
Phone: +1-416-6675511
Fax: N/A
Employees: 7,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$133.50
High Stock Price Target: C$140.00
Low Stock Price Target: C$125.00
Potential Upside/Downside: +4.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.24
Trailing P/E Ratio: 20.49
Forward P/E Ratio: 20.87
P/E Growth: 3.72
Net Income: C$516.91 million
Net Margins: 11.38%
Pretax Margin: N/A
Return on Equity: 20.10%
Return on Assets: 9.79%

Debt

Debt-to-Equity Ratio: 24.51
Current Ratio: 2.65
Quick Ratio: 1.38

Sales & Book Value

Annual Sales: C$4.59 billion
Price / Sales: 2.29
Cash Flow: C$12.00 per share
Price / Cash Flow: 10.66
Book Value: C$33.51 per share
Price / Book: 3.82

Miscellaneous

Outstanding Shares: 82,210,000
Free Float: N/A
Market Cap: C$10.51 billion
Optionable: Not Optionable
Beta: 0.73

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Key Executives

Mr. Michael Stanley Howie McMillan
CEO, President & Director
Mr. John Marshall Doolittle (Age 60)
Executive VP & CFO
Comp: $645.59k
Mr. Michael P. Cuddy
Chief Information Officer & VP
Mr. Miles Sean Ryan Gregg
President of Toromont Cat Construction Division
Mr. Joel Couture
Chief Operating Officer - Toromont Cat
Ms. Lynn M. Korbak
General Counsel & Corporate Secretary
Ms. Isabelle Leclerc
Vice President of Human Resources
Mr. William Harvey
President of Toromont Cat Mining Division
Mr. David Alan Malinauskas
President of CIMCO Refrigeration
Mr. Colin Goheen
President of Battlefield Equipment Rentals

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

TIH Stock Analysis - Frequently Asked Questions

How have TIH shares performed this year?: Toromont Industries' stock was trading at C$116.10 at the start of the year. Since then, TIH shares have increased by 10.0% and is now trading at C$127.73.
View the best growth stocks for 2024 here.
How were Toromont Industries' earnings last quarter?: Toromont Industries Ltd. (TSE:TIH) posted its quarterly earnings results on Wednesday, May, 1st. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.11 by $0.10. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.05 billion. Toromont Industries had a net margin of 11.38% and a trailing twelve-month return on equity of 20.10%.
How do I buy shares of Toromont Industries?: Shares of TIH stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What other stocks do shareholders of Toromont Industries own?: Based on aggregate information from My MarketBeat watchlists, some other companies that Toromont Industries investors own include National Bank of Canada (NA), Bank of Nova Scotia (BNS), Dollarama (DOL), Enerflex (EFX), Alimentation Couche-Tard (ATD.B), BRP (DOO) and Exchange Income (EIF).