Toromont Industries Ltd. (TSE:TIH) Director Purchases C$36,758.01 in Stock

Toromont Industries Ltd. (TSE:TIH) Director Peter James Blake bought 300 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of C$122.53 per share, with a total value of C$36,758.01.

Toromont Industries Price Performance

TSE:TIH opened at C$125.59 on Wednesday. The stock has a market cap of C$10.32 billion, a P/E ratio of 20.13, a PEG ratio of 3.72 and a beta of 0.73. Toromont Industries Ltd. has a one year low of C$100.81 and a one year high of C$135.53. The company has a fifty day moving average price of C$121.91 and a 200 day moving average price of C$123.99. The company has a debt-to-equity ratio of 24.51, a current ratio of 2.65 and a quick ratio of 1.38.

Toromont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, September 6th. Toromont Industries’s dividend payout ratio is 30.77%.

Analyst Upgrades and Downgrades

TIH has been the subject of several recent research reports. TD Securities boosted their target price on shares of Toromont Industries from C$140.00 to C$150.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Raymond James reduced their price objective on shares of Toromont Industries from C$135.00 to C$132.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. CIBC reduced their price objective on shares of Toromont Industries from C$130.00 to C$128.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Royal Bank of Canada boosted their price objective on shares of Toromont Industries from C$137.00 to C$142.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets boosted their price objective on shares of Toromont Industries from C$133.00 to C$136.00 in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Toromont Industries has an average rating of “Moderate Buy” and a consensus price target of C$135.75.

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.