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 .

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

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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: 0.84
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

2.4

Analyst's Opinion

Consensus Rating
Toromont Industries has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$124.38, Toromont Industries has a forecasted upside of 9.7% from its current price of C$113.33.
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.

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 1.52%, 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 26.02%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

3.8

News and Social Media Coverage

News Sentiment
Toromont Industries has a news sentiment score of 0.84. 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 0.33 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Toromont Industries this week, compared to 0 articles on an average week.
Search Interest
2 people have searched for TIH on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Toromont Industries to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Toromont Industries insiders have sold 2,026.57% more of their company's stock than they have bought. Specifically, they have bought C$56,150.00 in company stock and sold C$1,194,069.00 in company stock.
Percentage Held by Insiders
Only 0.32% of the stock of Toromont Industries is held by insiders.
Percentage Held by Institutions
41.19% of the stock of Toromont Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Toromont Industries is 17.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Toromont Industries is 17.15, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 392.45.
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 3.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

TIH Stock News Headlines

December 9, 2023 | americanbankingnews.com

Toromont Industries (TSE:TIH) Share Price Passes Above 200-Day Moving Average of $109.79

December 2, 2023 | finance.yahoo.com

Four Days Left Until Toromont Industries Ltd. (TSE:TIH) Trades Ex-Dividend

December 11, 2023 | Autonomix (Ad)

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December 1, 2023 | americanbankingnews.com

Scott Medhurst Sells 3,409 Shares of Toromont Industries Ltd. (TSE:TIH) Stock

November 12, 2023 | morningstar.com

Toromont Industries Ltd TIH

October 16, 2023 | finance.yahoo.com

TOROMONT TO ANNOUNCE THIRD QUARTER 2023 RESULTS ON OCTOBER 30, 2023

October 6, 2023 | finance.yahoo.com

Is Now The Time To Put Toromont Industries (TSE:TIH) On Your Watchlist?

September 2, 2023 | finance.yahoo.com

Four Days Left To Buy Toromont Industries Ltd. (TSE:TIH) Before The Ex-Dividend Date

December 11, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

July 29, 2023 | seekingalpha.com

Toromont Industries declares CAD 0.43 dividend

July 27, 2023 | finance.yahoo.com

TOROMONT ANNOUNCES RESULTS FOR THE SECOND QUARTER OF 2023 AND QUARTERLY DIVIDEND

July 25, 2023 | msn.com

Toromont Industries Earnings Preview

June 28, 2023 | finance.yahoo.com

TIH.TO - Toromont Industries Ltd.

June 8, 2023 | finance.yahoo.com

Investing in Toromont Industries (TSE:TIH) five years ago would have delivered you a 97% gain

May 21, 2023 | finance.yahoo.com

Toromont Industries (TSE:TIH) Is Achieving High Returns On Its Capital

April 22, 2023 | msn.com

TD SECURITIES Upgrades Toromont Industries (TSX:TIH)

April 21, 2023 | msn.com

3 TSX Stocks Yielding Up to 4.7% I’m Buying as Interest Rates Remain High

April 17, 2023 | marketwatch.com

Toromont Industries Sells Agricultural Equipment Unit AgWest to Zweegers Equipment Group

April 17, 2023 | msn.com

TSX muted as miners drag; Teck Resources jumps

April 17, 2023 | finance.yahoo.com

TOROMONT ANNOUNCES SALE OF AGWEST LTD.

April 14, 2023 | finance.yahoo.com

TOROMONT TO ANNOUNCE FIRST QUARTER 2023 RESULTS ON APRIL 27, 2023 AND HOLD ANNUAL MEETING OF SHAREHOLDERS ON APRIL 28, 2023

April 9, 2023 | seekingalpha.com

Toromont Industries: A 34-Year Dividend Growth Streak

April 2, 2023 | finance.yahoo.com

Is Toromont Industries Ltd.'s (TSE:TIH) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

March 17, 2023 | finance.yahoo.com

Institutions own 46% of Toromont Industries Ltd. (TSE:TIH) shares but retail investors control 54% of the company

March 3, 2023 | finance.yahoo.com

Be Sure To Check Out Toromont Industries Ltd. (TSE:TIH) Before It Goes Ex-Dividend

February 19, 2023 | msn.com

Retirement Can’t Come Soon Enough? 3 Stocks to Help You Reach Your Savings Goal

February 14, 2023 | msn.com

Toromont Industries GAAP EPS of C$1.94, revenue of C$1.15B

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

Get Stock Alerts

Industry, Sector and Symbol

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

EPS (Most Recent Fiscal Year): C$6.61
Trailing P/E Ratio: 17.19
Forward P/E Ratio: 18.28
P/E Growth: 3.72
Net Income: C$537.42 million
Net Margins: 11.65%
Pretax Margin: N/A
Return on Equity: 22.32%
Return on Assets: 10.69%

Debt

Debt-to-Equity Ratio: 25.73
Current Ratio: 2.72
Quick Ratio: 1.38

Sales & Book Value

Annual Sales: C$4.64 billion
Price / Sales: 2.02
Cash Flow: C$10.66 per share
Price / Cash Flow: 10.66
Book Value: C$31.70 per share
Price / Book: 3.58

Miscellaneous

Outstanding Shares: 82,350,000
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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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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Toromont Industries (TIH) Stock Price, News & Analysis

Toromont Industries MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Toromont Industries Stock (TSE:TIH)

TIH Stock Price History

TIH Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

TIH Stock Analysis - Frequently Asked Questions

Overall MarketRank^™