Toromont Industries Ltd (TIH) Director Randall Casson Sells 4,300 Shares of Stock
Toromont Industries Ltd (TSE:TIH) Director Randall Casson sold 4,300 shares of Toromont Industries stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of C$57.25, for a total value of C$246,175.00.
Randall Casson also recently made the following trade(s):
- On Thursday, August 31st, Randall Casson sold 8,000 shares of Toromont Industries stock. The stock was sold at an average price of C$53.60, for a total value of C$428,800.00.
Shares of Toromont Industries Ltd (TIH) traded up 0.12% during mid-day trading on Friday, hitting $57.68. The stock had a trading volume of 79,716 shares. Toromont Industries Ltd has a 1-year low of $38.35 and a 1-year high of $58.09. The stock’s 50-day moving average is $49.03 and its 200 day moving average is $47.21. The firm has a market capitalization of $4.53 billion and a price-to-earnings ratio of 28.44.
Toromont Industries (TSE:TIH) last issued its earnings results on Tuesday, July 25th. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.55 by C($0.04). Toromont Industries had a return on equity of 17.80% and a net margin of 7.62%. The company had revenue of C$530.93 million during the quarter, compared to analysts’ expectations of C$550.60 million. Equities research analysts predict that Toromont Industries Ltd will post $2.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, September 7th.
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Several research analysts have recently weighed in on TIH shares. TD Securities raised Toromont Industries from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$48.00 to C$65.00 in a research report on Wednesday. Canaccord Genuity lifted their price objective on Toromont Industries from C$50.00 to C$58.00 and gave the stock a “buy” rating in a research report on Tuesday, August 29th. National Bank Financial upgraded Toromont Industries from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$46.00 to C$52.00 in a research note on Thursday, June 1st. Raymond James Financial, Inc. raised their target price on Toromont Industries from C$55.00 to C$58.50 and gave the company an “outperform” rating in a research note on Tuesday, August 29th. Finally, Scotiabank raised their target price on Toromont Industries from C$47.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Toromont Industries has an average rating of “Buy” and an average price target of C$55.64.
About Toromont Industries
Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.
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