Toromont Industries Ltd. (TSE:TIH) Director Acquires C$501,525.00 in Stock

Toromont Industries Ltd. (TSE:TIH) Director Jeffrey Scott Chisholm acquired 4,500 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was acquired at an average cost of C$111.45 per share, for a total transaction of C$501,525.00.

Toromont Industries Stock Performance

Shares of TSE TIH opened at C$111.56 on Friday. Toromont Industries Ltd. has a 12-month low of C$109.83 and a 12-month high of C$135.53. The firm has a market capitalization of C$9.14 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. The company has a current ratio of 2.64, a quick ratio of 1.38 and a debt-to-equity ratio of 24.08. The firm has a 50 day moving average of C$121.65 and a 200 day moving average of C$122.59.

Toromont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, January 6th will be paid a $0.48 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.92 annualized dividend and a dividend yield of 1.72%. Toromont Industries’s dividend payout ratio (DPR) is 30.62%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TIH shares. BMO Capital Markets lowered their price target on Toromont Industries from C$143.00 to C$140.00 in a report on Wednesday, November 6th. National Bankshares dropped their price target on shares of Toromont Industries from C$135.00 to C$132.00 in a report on Tuesday, November 5th. CIBC lifted their price target on shares of Toromont Industries from C$127.00 to C$128.00 and gave the stock a “neutral” rating in a research note on Thursday. Raymond James lowered their price objective on shares of Toromont Industries from C$132.00 to C$122.00 in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada cut their target price on shares of Toromont Industries from C$142.00 to C$138.00 in a research report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$135.00.

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.