Toromont Industries Ltd. (TSE:TIH) Senior Officer Miles Sean Ryan Gregg Sells 600 Shares

Toromont Industries Ltd. (TSE:TIH) Senior Officer Miles Sean Ryan Gregg sold 600 shares of Toromont Industries stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$125.19, for a total transaction of C$75,114.00.

Toromont Industries Stock Performance

TIH stock opened at C$128.51 on Wednesday. Toromont Industries Ltd. has a 1-year low of C$100.81 and a 1-year high of C$135.53. The business’s 50-day moving average price is C$123.86 and its two-hundred day moving average price is C$124.34. The firm has a market cap of C$10.53 billion, a PE ratio of 20.50, a P/E/G ratio of 3.72 and a beta of 0.67. The company has a current ratio of 2.64, a quick ratio of 1.38 and a debt-to-equity ratio of 24.08.

Toromont Industries (TSE:TIH) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$1.64 earnings per share for the quarter, beating the consensus estimate of C$1.53 by C$0.11. Toromont Industries had a return on equity of 19.65% and a net margin of 10.86%. The business had revenue of C$1.36 billion for the quarter, compared to analysts’ expectations of C$1.19 billion.

Toromont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, September 6th. Toromont Industries’s dividend payout ratio (DPR) is presently 30.62%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TIH. National Bankshares lifted their target price on shares of Toromont Industries from C$132.00 to C$135.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Scotiabank set a C$136.00 price objective on Toromont Industries and gave the stock a “sector perform” rating in a research note on Wednesday, August 21st. BMO Capital Markets increased their target price on Toromont Industries from C$133.00 to C$136.00 in a research note on Wednesday, July 24th. Royal Bank of Canada boosted their target price on Toromont Industries from C$137.00 to C$142.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, TD Securities upped their price target on Toromont Industries from C$140.00 to C$150.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$137.13.

About Toromont Industries

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.