Toromont Industries Ltd. (TSE:TIH – Get Rating) Director Scott Medhurst sold 100 shares of the business's stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of C$102.95, for a total value of C$10,295.00. Following the transaction, the director now directly owns 188,429 shares in the company, valued at approximately C$19,398,765.55.
Scott Medhurst also recently made the following trade(s):
Get Toromont Industries alerts:- On Friday, September 2nd, Scott Medhurst sold 4,900 shares of Toromont Industries stock. The stock was sold at an average price of C$101.00, for a total value of C$494,900.00.
- On Wednesday, August 31st, Scott Medhurst sold 300 shares of Toromont Industries stock. The stock was sold at an average price of C$102.09, for a total value of C$30,627.00.
- On Thursday, August 25th, Scott Medhurst sold 300 shares of Toromont Industries stock. The stock was sold at an average price of C$108.46, for a total value of C$32,538.00.
- On Wednesday, August 10th, Scott Medhurst sold 100 shares of Toromont Industries stock. The stock was sold at an average price of C$105.13, for a total value of C$10,513.00.
- On Monday, August 8th, Scott Medhurst sold 100 shares of Toromont Industries stock. The stock was sold at an average price of C$104.88, for a total value 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 value of C$105,200.00.
Toromont Industries Price Performance
TSE TIH traded up C$1.48 on Friday, hitting C$104.79. 81,611 shares of the company's stock were exchanged, compared to its average volume of 136,858. The stock has a 50-day moving average of C$104.52 and a 200-day moving average of C$109.35. The company has a current ratio of 2.32, a quick ratio of 1.36 and a debt-to-equity ratio of 32.09. 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$8.60 billion and a price-to-earnings ratio of 23.16.
Toromont Industries (TSE:TIH – Get Rating) last released its earnings results on Tuesday, July 26th. The company reported C$1.34 earnings per share for the quarter, topping the consensus estimate of C$1.22 by C$0.12. The business had revenue of C$1.08 billion for the quarter, compared to the consensus estimate of C$1.18 billion. Analysts expect that Toromont Industries Ltd. will post 5 earnings per share for the current year.Toromont Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Tuesday, October 4th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.56 annualized dividend and a dividend yield of 1.49%. Toromont Industries's dividend payout ratio (DPR) is presently 33.18%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on Toromont Industries from C$130.00 to C$120.00 in a report on Thursday, July 28th. National Bankshares cut Toromont Industries from an "outperform" rating to a "hold" rating and reduced their price objective for the stock from C$127.00 to C$109.00 in a report on Tuesday, July 12th. National Bank Financial cut Toromont Industries from an "outperform overweight" rating to a "sector perform overweight" rating in a report on Tuesday, July 12th. CIBC reduced their price objective on Toromont Industries from C$125.00 to C$107.00 in a report on Wednesday, July 13th. Finally, Scotiabank cut their price target on Toromont Industries from C$126.00 to C$120.00 in a research note on Monday, July 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Toromont Industries currently has an average rating of "Moderate Buy" and an average target price of C$120.44.
Toromont Industries Company Profile
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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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