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Toromont Industries (TIH) Stock Price, News & Analysis

C$113.33
-0.27 (-0.24%)
(As of 04:25 PM ET)
Compare
Today's Range
C$112.24
C$115.00
50-Day Range
C$102.71
C$115.50
52-Week Range
C$96.20
C$117.13
Volume
96,495 shs
Average Volume
114,866 shs
Market Capitalization
C$9.33 billion
P/E Ratio
17.15
Dividend Yield
1.52%
Price Target
C$123.38

Toromont Industries MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
9.7% Upside
C$124.38 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.84mentions of Toromont Industries in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
C$1.19 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 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. The company was founded in 1961 and is based in Concord, Canada.

TIH Stock Price History

TIH Stock News Headlines

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Toromont Industries Ltd TIH
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Toromont Industries declares CAD 0.43 dividend
Toromont Industries Earnings Preview
TIH.TO - Toromont Industries Ltd.
TOROMONT ANNOUNCES SALE OF AGWEST LTD.
See More Headlines
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Company Calendar

Ex-Dividend for 10/4 Dividend
9/07/2023
Dividend Payable
10/04/2023
Last Earnings
10/30/2023
Ex-Dividend for 1/4 Dividend
12/07/2023
Today
12/11/2023
Dividend Payable
1/04/2024
Next Earnings (Estimated)
2/13/2024

Industry, Sector and Symbol

Industry
Industrial Distribution
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
6,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$123.38
High Stock Price Target
C$130.00
Low Stock Price Target
C$115.00
Potential Upside/Downside
+8.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
C$537.42 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.64 billion
Cash Flow
C$10.66 per share
Book Value
C$31.70 per share

Miscellaneous

Free Float
N/A
Market Cap
C$9.35 billion
Optionable
Not Optionable
Beta
0.75
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Key Executives

  • 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 59)
    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 year. There are currently 1 hold rating and 7 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 Wall Street analysts have issued twelve-month target prices for Toromont Industries' shares. Their TIH share price targets range from C$115.00 to C$130.00. On average, they predict the company's stock price to reach C$124.38 in the next twelve months. This suggests a possible upside of 9.7% 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 2023?

Toromont Industries' stock was trading at C$97.71 at the beginning of the year. Since then, TIH stock has increased by 16.0% and is now trading at C$113.33.
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 Tuesday, February 13th 2024.
View our TIH earnings forecast
.

How were Toromont Industries' earnings last quarter?

Toromont Industries Ltd. (TSE:TIH) issued its earnings results on Monday, October, 30th. The company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.24. Toromont Industries had a trailing twelve-month return on equity of 22.32% and a net margin of 11.65%.

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

Toromont Industries announced a quarterly dividend on Thursday, December 7th. Stockholders of record on Thursday, January 4th will be paid a dividend of 0.43 per share on Thursday, January 4th. This represents a $1.72 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, December 7th.
Read our dividend analysis for TIH
.

Is Toromont Industries a good dividend stock?

Toromont Industries (TSE:TIH) pays an annual dividend of C$1.72 per share and currently has a dividend yield of 1.52%. The dividend payout ratio is 26.02%. 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 12/11/2023 by MarketBeat.com Staff

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