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.

ILLEGAL ACTIVITY WARNING: This article was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at

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.

Insider Buying and Selling by Quarter for Toromont Industries (TSE:TIH)

Receive News & Ratings for Toromont Industries Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries Ltd and related companies with's FREE daily email newsletter.