Toromont Industries Ltd. (TSE:TIH – Get Rating) Director Scott Medhurst sold 300 shares of the firm's stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of C$108.46, for a total transaction of C$32,538.00. Following the sale, the director now directly owns 193,229 shares of the company's stock, valued at approximately C$20,957,617.34.
Scott Medhurst also recently made the following trade(s):
Get Toromont Industries alerts:- On Wednesday, August 10th, Scott Medhurst sold 100 shares of Toromont Industries stock. The shares were sold at an average price of C$105.13, for a total transaction of C$10,513.00.
- On Monday, August 8th, Scott Medhurst sold 100 shares of Toromont Industries stock. The shares were sold at an average price of C$104.88, for a total transaction of C$10,488.00.
- On Monday, June 13th, Scott Medhurst sold 1,000 shares of Toromont Industries stock. The stock was sold at an average price of C$105.20, for a total transaction of C$105,200.00.
- On Friday, June 10th, Scott Medhurst sold 100 shares of Toromont Industries stock. The shares were sold at an average price of C$105.81, for a total transaction of C$10,581.00.
Toromont Industries Trading Down 0.4 %
Shares of TSE:TIH traded down C$0.40 during trading on Monday, reaching C$105.09. The stock had a trading volume of 54,032 shares, compared to its average volume of 137,272. The firm's fifty day moving average is C$104.27 and its 200 day moving average is C$109.91. The company has a debt-to-equity ratio of 32.09, a quick ratio of 1.36 and a current ratio of 2.32. Toromont Industries Ltd. has a 52 week low of C$93.25 and a 52 week high of C$124.25. The stock has a market cap of C$8.63 billion and a price-to-earnings ratio of 23.65.
Toromont Industries (TSE:TIH – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported C$1.34 EPS for the quarter, beating the consensus estimate of C$1.22 by C$0.12. The firm had revenue of C$1.08 billion for the quarter, compared to analysts' expectations of C$1.18 billion. As a group, equities analysts forecast that Toromont Industries Ltd. will post 5 EPS for the current fiscal year.Toromont Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Tuesday, July 5th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Wednesday, June 8th. Toromont Industries's dividend payout ratio is presently 33.18%.
Wall Street Analysts Forecast Growth
TIH has been the topic of several recent research reports. National Bankshares lowered shares of Toromont Industries from an "outperform" rating to a "hold" rating and lowered their price target for the company from C$127.00 to C$109.00 in a research note on Tuesday, July 12th. Scotiabank reduced their target price on shares of Toromont Industries from C$126.00 to C$120.00 in a report on Monday, July 25th. Royal Bank of Canada reduced 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 report on Thursday, July 28th. BMO Capital Markets dropped their price objective on shares of Toromont Industries from C$130.00 to C$120.00 in a research note on Thursday, July 28th. Finally, CIBC dropped their price objective on shares of Toromont Industries from C$125.00 to C$107.00 in a research note on Wednesday, July 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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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