Toromont Industries Ltd. (TSE:TIH – Get Free Report) 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
Read Our Latest Analysis on Toromont Industries
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.
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