Toromont Industries Ltd. (TSE:TIH – Get Rating) Director David Allan Malinauskas sold 1,600 shares of the business's stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of C$107.50, for a total transaction of C$172,000.00. Following the transaction, the director now directly owns 2,070 shares of the company's stock, valued at C$222,525.
David Allan Malinauskas also recently made the following trade(s):
Get Toromont Industries alerts:- On Friday, August 12th, David Allan Malinauskas sold 3,900 shares of Toromont Industries stock. The shares were sold at an average price of C$107.29, for a total transaction of C$418,431.00.
Toromont Industries Stock Performance
Shares of TIH stock opened at C$107.28 on Friday. The firm has a market cap of C$8.81 billion and a price-to-earnings ratio of 24.05. Toromont Industries Ltd. has a 52-week low of C$93.25 and a 52-week high of C$124.25. The company has a quick ratio of 1.36, a current ratio of 2.32 and a debt-to-equity ratio of 32.09. The company's 50 day moving average is C$103.89 and its 200 day moving average is C$110.01.
Toromont Industries (TSE:TIH – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported C$1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.22 by C$0.12. The company had revenue of C$1.08 billion during the quarter, compared to analysts' expectations of C$1.18 billion. On average, sell-side analysts anticipate that Toromont Industries Ltd. will post 5 EPS for the current fiscal year.Toromont Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Tuesday, July 5th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, June 8th. Toromont Industries's dividend payout ratio (DPR) is currently 33.18%.
Analyst Ratings Changes
TIH has been the subject of several research reports. Scotiabank decreased their price objective on shares of Toromont Industries from C$126.00 to C$120.00 in a report on Monday, July 25th. Royal Bank of Canada dropped their target price on shares of Toromont Industries from C$129.00 to C$122.00 and set an "outperform" rating for the company in a research report on Thursday, July 28th. Raymond James increased their price objective on shares of Toromont Industries from C$120.00 to C$127.00 and gave the company an "outperform" rating in a research report on Monday, April 25th. BMO Capital Markets reduced their price target on shares of Toromont Industries from C$130.00 to C$120.00 in a research note on Thursday, July 28th. Finally, TD Securities raised their price target on shares of Toromont Industries from C$125.00 to C$130.00 and gave the stock a "hold" rating in a research note on Friday, April 29th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$120.44.
About Toromont Industries
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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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