Jeffrey Scott Chisholm Acquires 4,500 Shares of Toromont Industries Ltd. (TSE:TIH) Stock

Toromont Industries Ltd. (TSE:TIHGet Free Report) Director Jeffrey Scott Chisholm bought 4,500 shares of Toromont Industries stock in a transaction dated Tuesday, December 10th. The shares were bought at an average cost of C$111.45 per share, with a total value of C$501,525.00.

Toromont Industries Stock Up 0.5 %

TIH stock opened at C$111.71 on Friday. The stock has a 50-day simple moving average of C$121.65 and a two-hundred day simple moving average of C$122.59. Toromont Industries Ltd. has a twelve month low of C$109.83 and a twelve month high of C$135.53. The firm has a market capitalization of C$9.15 billion, a PE ratio of 17.82, a PEG ratio of 3.72 and a beta of 0.68. The company has a quick ratio of 1.38, a current ratio of 2.64 and a debt-to-equity ratio of 24.08.

Toromont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, January 6th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, December 6th. Toromont Industries’s dividend payout ratio (DPR) is presently 30.62%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TIH. BMO Capital Markets reduced their price objective on Toromont Industries from C$143.00 to C$140.00 in a report on Wednesday, November 6th. Raymond James cut their price target on Toromont Industries from C$132.00 to C$122.00 in a research note on Wednesday, November 6th. Royal Bank of Canada decreased their price objective on Toromont Industries from C$142.00 to C$138.00 in a report on Wednesday, November 6th. CIBC upped their price objective on shares of Toromont Industries from C$127.00 to C$128.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Scotiabank reduced their target price on shares of Toromont Industries from C$136.00 to C$132.00 in a research note on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$135.00.

Get Our Latest Stock Analysis on Toromont Industries

Toromont Industries Company Profile

(Get Free Report)

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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