Toromont Industries Ltd. (TSE:TIH) Director Sells C$93,105.00 in Stock

Toromont Industries Ltd. (TSE:TIHGet Rating) Director Scott Medhurst sold 900 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of C$103.45, for a total value of C$93,105.00. Following the completion of the sale, the director now directly owns 187,629 shares of the company’s stock, valued at C$19,410,220.05.

Scott Medhurst also recently made the following trade(s):

  • On Tuesday, November 8th, Scott Medhurst sold 5,000 shares of Toromont Industries stock. The stock was sold at an average price of C$104.00, for a total value of C$520,000.00.
  • On Wednesday, September 7th, Scott Medhurst sold 100 shares of Toromont Industries stock. The stock was sold at an average price of C$102.95, for a total value of C$10,295.00.
  • 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 value 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 value 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 value of C$32,538.00.

Toromont Industries Stock Performance

Shares of TSE TIH opened at C$99.98 on Monday. The company has a debt-to-equity ratio of 30.14, a quick ratio of 1.38 and a current ratio of 2.41. The firm has a market cap of C$8.22 billion and a price-to-earnings ratio of 20.79. The business’s 50-day simple moving average is C$100.60 and its 200-day simple moving average is C$103.79. Toromont Industries Ltd. has a 52 week low of C$93.25 and a 52 week high of C$124.25.

Toromont Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 8th will be issued a $0.004 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date is Wednesday, December 7th. Toromont Industries’s dividend payout ratio (DPR) is currently 31.60%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TIH shares. BMO Capital Markets lowered Toromont Industries from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$120.00 to C$112.00 in a research report on Wednesday, November 9th. CIBC upped their target price on Toromont Industries from C$107.00 to C$111.00 and gave the stock a “neutral” rating in a research report on Thursday, November 3rd. Scotiabank upped their target price on Toromont Industries from C$114.00 to C$116.00 in a research report on Thursday, November 3rd. Finally, Royal Bank of Canada upped their target price on Toromont Industries from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a research report on Thursday, November 3rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Toromont Industries presently has an average rating of “Hold” and a consensus price target of C$119.67.

About Toromont Industries

(Get Rating)

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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Insider Buying and Selling by Quarter for Toromont Industries (TSE:TIH)

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