Toromont Industries (TSE:TIH) Director David Allan Malinauskas Sells 972 Shares

Toromont Industries Ltd. (TSE:TIH) Director David Allan Malinauskas sold 972 shares of Toromont Industries stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of C$201.60, for a total value of C$195,955.20.

Toromont Industries Trading Down 2.2%

Shares of TIH traded down C$4.46 during mid-day trading on Thursday, reaching C$197.33. The stock had a trading volume of 113,788 shares, compared to its average volume of 251,269. Toromont Industries Ltd. has a 52-week low of C$107.32 and a 52-week high of C$215.58. The firm has a market cap of C$16.07 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 3.72 and a beta of 0.89. The business’s fifty day moving average is C$187.71 and its 200 day moving average is C$168.22. The company has a debt-to-equity ratio of 25.87, a current ratio of 2.93 and a quick ratio of 1.38.

Toromont Industries (TSE:TIH) last issued its earnings results on Tuesday, February 10th. The company reported C$1.92 EPS for the quarter. The company had revenue of C$1.42 billion for the quarter. Toromont Industries had a net margin of 9.54% and a return on equity of 15.97%. On average, sell-side analysts predict that Toromont Industries Ltd. will post 6.5892495 EPS for the current fiscal year.

Toromont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd will be issued a $0.56 dividend. This is a boost from Toromont Industries’s previous quarterly dividend of $0.52. This represents a $2.24 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 6th. Toromont Industries’s payout ratio is currently 34.27%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Scotiabank raised their target price on Toromont Industries from C$181.00 to C$208.00 in a research note on Wednesday, February 18th. Royal Bank Of Canada raised their price objective on Toromont Industries from C$180.00 to C$207.00 in a research report on Thursday, February 12th. Canaccord Genuity Group upped their target price on shares of Toromont Industries from C$172.00 to C$200.00 in a research report on Friday, February 13th. Canadian Imperial Bank of Commerce increased their target price on shares of Toromont Industries from C$172.00 to C$180.00 in a research note on Friday, February 6th. Finally, TD Securities boosted their price target on shares of Toromont Industries from C$195.00 to C$228.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$198.63.

Toromont Industries Company Profile

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates primarily in Canada and derives a smaller portion of sales from the United States of America.