S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
TSE:TIH

Toromont Industries (TIH) Stock Price, News & Analysis

C$128.93
-2.43 (-1.85%)
(As of 04/12/2024 ET)
Today's Range
C$128.64
C$131.35
50-Day Range
C$117.33
C$134.85
52-Week Range
C$100.81
C$135.53
Volume
120,783 shs
Average Volume
95,979 shs
Market Capitalization
C$10.61 billion
P/E Ratio
20.21
Dividend Yield
1.49%
Price Target
C$135.38

Toromont Industries MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
5.0% Upside
C$135.38 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$2.73 M Sold Last Quarter
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.

2.47 out of 5 stars

TIH stock logo

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

TIH Stock News Headlines

Buy Alert: Get these AI trades on repeat
With this AI Trade Finder, one of my newer students took his trading account from $1,500 to over $9,400 in just over a month
Toromont Earnings – A Decisive Beat
Buy Alert: Get these AI trades on repeat
With this AI Trade Finder, one of my newer students took his trading account from $1,500 to over $9,400 in just over a month
Bullish potential on Toromont Industries
Toromont Industries Ltd TIH
Toromont Industries declares CAD 0.43 dividend
Toromont Industries Earnings Preview
TIH.TO - Toromont Industries Ltd.
See More Headlines
Receive TIH 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.

Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 4/4 Dividend
3/07/2024
Dividend Payable
4/04/2024
Today
4/12/2024
Next Earnings (Confirmed)
5/01/2024

Industry, Sector and Symbol

Industry
Industrial Distribution
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
7,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$135.38
High Stock Price Target
C$140.00
Low Stock Price Target
C$130.00
Potential Upside/Downside
+5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
C$529.11 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.62 billion
Cash Flow
C$12.10 per share
Book Value
C$32.61 per share

Miscellaneous

Free Float
N/A
Market Cap
C$10.61 billion
Optionable
Not Optionable
Beta
0.72
Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report

Key Executives

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

TIH Stock Analysis - Frequently Asked Questions

Should I buy or sell Toromont Industries stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toromont Industries in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TIH shares.
View TIH analyst ratings
or view top-rated stocks.

What is Toromont Industries' stock price target for 2024?

8 brokers have issued 1 year target prices for Toromont Industries' shares. Their TIH share price targets range from C$130.00 to C$140.00. On average, they predict the company's stock price to reach C$135.38 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
View analysts price targets for TIH
or view top-rated stocks among Wall Street analysts.

How have TIH shares performed in 2024?

Toromont Industries' stock was trading at C$116.10 at the start of the year. Since then, TIH stock has increased by 11.1% and is now trading at C$128.93.
View the best growth stocks for 2024 here
.

When is Toromont Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our TIH earnings forecast
.

How were Toromont Industries' earnings last quarter?

Toromont Industries Ltd. (TSE:TIH) posted its quarterly earnings results on Tuesday, February, 13th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.13. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. Toromont Industries had a net margin of 11.57% and a trailing twelve-month return on equity of 21.13%.

How often does Toromont Industries pay dividends? What is the dividend yield for Toromont Industries?

Toromont Industries declared a quarterly dividend on Thursday, March 7th. Investors of record on Thursday, April 4th will be given a dividend of 0.48 per share on Thursday, April 4th. This represents a $1.92 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, March 7th. This is an increase from the stock's previous quarterly dividend of C$0.43.
Read our dividend analysis for TIH
.

Is Toromont Industries a good dividend stock?

Toromont Industries (TSE:TIH) pays an annual dividend of C$1.92 per share and currently has a dividend yield of 1.48%. The dividend payout ratio is 30.09%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TIH.

What other stocks do shareholders of Toromont Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Exchange Income (EIF), Fortis (FTS), CGI (GIB.A) and Inter Pipeline (IPL).

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.

This page (TSE:TIH) was last updated on 4/13/2024 by MarketBeat.com Staff

From Our Partners