Miles Sean Ryan Gregg Sells 600 Shares of Toromont Industries Ltd. (TSE:TIH) Stock

Toromont Industries Ltd. (TSE:TIH) Senior Officer Miles Sean Ryan Gregg sold 600 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$125.19, for a total value of C$75,114.00.

Toromont Industries Trading Up 1.4 %

TIH stock traded up C$1.80 during trading on Monday, hitting C$128.97. The company had a trading volume of 134,909 shares, compared to its average volume of 105,896. The stock has a market cap of C$10.57 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 3.72 and a beta of 0.67. The company has a quick ratio of 1.38, a current ratio of 2.64 and a debt-to-equity ratio of 24.08. The firm has a 50-day moving average price of C$123.68 and a 200-day moving average price of C$124.32. Toromont Industries Ltd. has a 12 month low of C$100.81 and a 12 month high of C$135.53.

Toromont Industries (TSE:TIH) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.53 by C$0.11. The business had revenue of C$1.36 billion for the quarter, compared to analyst estimates of C$1.19 billion. Toromont Industries had a return on equity of 19.65% and a net margin of 10.86%.

Toromont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Friday, September 6th. Toromont Industries’s dividend payout ratio is 30.62%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TIH shares. Scotiabank set a C$136.00 target price on shares of Toromont Industries and gave the stock a “sector perform” rating in a report on Wednesday, August 21st. National Bankshares upped their price objective on shares of Toromont Industries from C$132.00 to C$135.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. TD Securities lifted their target price on shares of Toromont Industries from C$140.00 to C$150.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their target price on Toromont Industries from C$137.00 to C$142.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets raised their price target on Toromont Industries from C$133.00 to C$136.00 in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Toromont Industries currently has an average rating of “Moderate Buy” and a consensus price target of C$137.13.

Toromont Industries Company Profile

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.