Toromont Industries (TSE:TIH) PT Lowered to C$132.00 at Raymond James

Toromont Industries (TSE:TIH) had its price objective decreased by Raymond James from C$135.00 to C$132.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

TIH has been the topic of a number of other research reports. CIBC lifted their price objective on Toromont Industries from C$123.00 to C$130.00 and gave the company a neutral rating in a report on Thursday, February 15th. Royal Bank of Canada cut their price objective on Toromont Industries from C$140.00 to C$137.00 and set an outperform rating for the company in a research report on Friday. Canaccord Genuity Group raised their target price on shares of Toromont Industries from C$123.00 to C$138.00 and gave the stock a buy rating in a research report on Thursday, February 15th. National Bankshares lowered their price target on Toromont Industries from C$137.00 to C$132.00 and set an outperform rating for the company in a report on Friday. Finally, BMO Capital Markets upped their price objective on Toromont Industries from C$124.00 to C$130.00 and gave the stock an outperform rating in a report on Wednesday, February 14th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Toromont Industries has a consensus rating of Moderate Buy and a consensus price target of C$133.13.

Toromont Industries Stock Performance

Shares of TIH stock opened at C$123.64 on Friday. The stock’s 50-day moving average is C$128.24 and its two-hundred day moving average is C$119.52. The firm has a market cap of C$10.18 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 3.72 and a beta of 0.72. The company has a debt-to-equity ratio of 25.41, a quick ratio of 1.38 and a current ratio of 2.64. Toromont Industries has a 1 year low of C$100.81 and a 1 year high of C$135.53.

Toromont Industries (TSE:TIH) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$1.86 EPS for the quarter, beating analysts’ consensus estimates of C$1.73 by C$0.13. Toromont Industries had a net margin of 11.57% and a return on equity of 21.13%. The company had revenue of C$1.23 billion for the quarter, compared to analyst estimates of C$1.19 billion. Analysts predict that Toromont Industries will post 6.3025012 earnings per share for the current year.

Toromont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 7th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, June 7th. Toromont Industries’s payout ratio is 30.09%.

Insider Transactions at Toromont Industries

In related news, Senior Officer Mike Cuddy sold 4,800 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of C$125.10, for a total value of C$600,480.00. In related news, Director William John Harvey sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of C$125.90, for a total value of C$37,770.00. Also, Senior Officer Mike Cuddy sold 4,800 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of C$125.10, for a total transaction of C$600,480.00. Over the last ninety days, insiders have sold 21,700 shares of company stock valued at $2,727,180. 0.27% of the stock is currently owned by insiders.

Toromont Industries Company Profile

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.