Toromont Industries Ltd. (TSE:TIH – Get Rating) Director Scott Medhurst sold 4,900 shares of the firm's stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of C$101.00, for a total value of C$494,900.00. Following the completion of the sale, the director now directly owns 183,629 shares in the company, valued at C$18,546,529.
Scott Medhurst also recently made the following trade(s):
Get Toromont Industries alerts:- On Wednesday, September 7th, Scott Medhurst sold 100 shares of Toromont Industries stock. The shares were sold at an average price of C$102.95, for a total value of C$10,295.00.
- On Wednesday, August 31st, Scott Medhurst sold 300 shares of Toromont Industries stock. The shares were 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 shares were 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 shares were 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.
- On Friday, June 10th, Scott Medhurst sold 100 shares of Toromont Industries stock. The stock was sold at an average price of C$105.81, for a total value of C$10,581.00.
Toromont Industries Stock Performance
TSE:TIH opened at C$104.77 on Friday. Toromont Industries Ltd. has a 1 year low of C$93.25 and a 1 year high of C$124.25. The firm has a 50 day moving average of C$104.53 and a 200-day moving average of C$109.33. The company has a current ratio of 2.32, a quick ratio of 1.36 and a debt-to-equity ratio of 32.09. The stock has a market capitalization of C$8.60 billion and a P/E ratio of 23.49.
Toromont Industries (TSE:TIH – Get Rating) last posted its 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 firm had revenue of C$1.08 billion during the quarter, compared to the consensus estimate of C$1.18 billion. As a group, sell-side analysts anticipate that Toromont Industries Ltd. will post 5 EPS for the current fiscal year.Toromont Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Tuesday, October 4th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, September 7th. Toromont Industries's dividend payout ratio (DPR) is currently 33.18%.
Analyst Ratings Changes
A number of research firms recently weighed in on TIH. Scotiabank decreased their target price on Toromont Industries from C$126.00 to C$120.00 in a research report on Monday, July 25th. National Bank Financial downgraded Toromont Industries from an "outperform overweight" rating to a "sector perform overweight" rating in a research report on Tuesday, July 12th. CIBC decreased their target price on Toromont Industries from C$125.00 to C$107.00 in a research report on Wednesday, July 13th. BMO Capital Markets cut 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, National Bankshares cut shares of Toromont Industries from an "outperform" rating to a "hold" rating and cut their price target for the stock from C$127.00 to C$109.00 in a research note on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Toromont Industries currently has an average rating of "Moderate Buy" and a consensus 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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