Jennifer Cochrane Sells 5,000 Shares of Toromont Industries Ltd. (TSE:TIH) Stock

Toromont Industries Ltd. (TSE:TIH) Senior Officer Jennifer Cochrane sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$115.00, for a total value of C$575,000.00.

Jennifer Cochrane also recently made the following trade(s):

• On Friday, February 28th, Jennifer Cochrane sold 5,000 shares of Toromont Industries stock. The stock was sold at an average price of C$121.25, for a total value of C$606,250.00.

Toromont Industries Price Performance

Toromont Industries stock opened at C$117.10 on Thursday. Toromont Industries Ltd. has a 1 year low of C$109.83 and a 1 year high of C$135.53. The company has a debt-to-equity ratio of 23.04, a quick ratio of 1.38 and a current ratio of 2.37. The firm has a 50 day moving average price of C$118.24 and a 200 day moving average price of C$120.17. The company has a market cap of C$9.55 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 3.72 and a beta of 0.68.

Toromont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.78%. This is an increase from Toromont Industries’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 7th. Toromont Industries’s dividend payout ratio is presently 31.18%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TIH shares. Scotiabank increased their price objective on Toromont Industries from C$132.00 to C$133.50 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. CIBC raised their price target on shares of Toromont Industries from C$129.00 to C$131.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Canaccord Genuity Group boosted their price objective on shares of Toromont Industries from C$130.00 to C$134.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. BMO Capital Markets upped their price objective on shares of Toromont Industries from C$134.00 to C$138.00 in a research note on Wednesday, February 12th. Finally, National Bankshares lifted their target price on shares of Toromont Industries from C$126.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toromont Industries currently has an average rating of “Moderate Buy” and an average price target of C$136.06.

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.