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 transaction of C$10,295.00. Following the completion of the sale, the director now directly owns 188,429 shares of the company's stock, valued at 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 transaction 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 transaction 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 transaction 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 transaction 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 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.
Toromont Industries Price Performance
TSE:TIH opened at C$104.77 on Friday. Toromont Industries Ltd. has a one year low of C$93.25 and a one year high of C$124.25. The stock has a market cap of C$8.60 billion and a P/E ratio of 23.49. The company has a debt-to-equity ratio of 32.09, a current ratio of 2.32 and a quick ratio of 1.36. The company has a fifty day moving average price of C$104.53 and a 200 day moving average price of C$109.36.
Toromont Industries (TSE:TIH – Get Rating) last announced its quarterly earnings data 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 business had revenue of C$1.08 billion during the quarter, compared to analyst estimates of C$1.18 billion. Analysts anticipate that Toromont Industries Ltd. will post 5 earnings per share for the current year.Toromont Industries Dividend Announcement
The firm also recently disclosed 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 is Wednesday, September 7th. Toromont Industries's dividend payout ratio is 33.18%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on TIH shares. National Bank Financial cut shares of Toromont Industries from an "outperform overweight" rating to a "sector perform overweight" rating in a research note on Tuesday, July 12th. National Bankshares cut shares of 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 research note on Tuesday, July 12th. Royal Bank of Canada reduced their price objective on shares of Toromont Industries from C$129.00 to C$122.00 and set an "outperform" rating for the company in a research note on Thursday, July 28th. Scotiabank cut their target price on shares of Toromont Industries from C$126.00 to C$120.00 in a research note on Monday, July 25th. Finally, CIBC cut their target price on shares of Toromont Industries from C$125.00 to C$107.00 in a research note on Wednesday, July 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Toromont Industries currently has a consensus rating of "Moderate Buy" and an average target price 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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