Toromont Industries Ltd. (TSE:TIH) Director Purchases C$56,150.00 in Stock

Toromont Industries Ltd. (TSE:TIH) Director Benjamin David Cherniavsky acquired 500 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of C$112.30 per share, for a total transaction of C$56,150.00.

Toromont Industries Price Performance

TIH stock opened at C$113.43 on Tuesday. Toromont Industries Ltd. has a 12 month low of C$94.76 and a 12 month high of C$117.13. The company has a current ratio of 2.68, a quick ratio of 1.38 and a debt-to-equity ratio of 27.07. The company has a 50-day moving average price of C$111.11 and a 200 day moving average price of C$108.91. The stock has a market cap of C$9.32 billion, a PE ratio of 18.41, a P/E/G ratio of 3.72 and a beta of 0.77.

Toromont Industries (TSE:TIH) last released its quarterly earnings results on Wednesday, July 26th. The company reported C$1.61 EPS for the quarter, topping analysts’ consensus estimates of C$1.35 by C$0.26. Toromont Industries had a net margin of 11.38% and a return on equity of 22.59%. The firm had revenue of C$1.17 billion during the quarter, compared to analysts’ expectations of C$1.16 billion. Equities research analysts anticipate that Toromont Industries Ltd. will post 5.8786251 earnings per share for the current year.

Toromont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, October 4th will be given a $0.43 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.72 annualized dividend and a yield of 1.52%. Toromont Industries’s dividend payout ratio (DPR) is 27.92%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TIH. Royal Bank of Canada decreased their price target on shares of Toromont Industries from C$133.00 to C$131.00 and set an “outperform” rating on the stock in a research report on Monday, July 31st. Raymond James increased their price target on shares of Toromont Industries from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$125.86.

About Toromont Industries

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.