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

Toromont Industries Ltd. (TSE:TIH) Director Jeffrey Scott Chisholm acquired 4,500 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average price of C$111.45 per share, for a total transaction of C$501,525.00.

Toromont Industries Trading Down 0.3 %

Toromont Industries stock traded down C$0.31 during mid-day trading on Wednesday, hitting C$111.19. 202,240 shares of the stock were exchanged, compared to its average volume of 116,307. Toromont Industries Ltd. has a 12 month low of C$109.83 and a 12 month high of C$135.53. 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’s fifty day simple moving average is C$122.48 and its two-hundred day simple moving average is C$122.75. The stock has a market capitalization of C$9.11 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 3.72 and a beta of 0.68.

Toromont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, January 6th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, December 6th. Toromont Industries’s dividend payout ratio (DPR) is presently 30.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TIH. National Bankshares decreased their price target on shares of Toromont Industries from C$135.00 to C$132.00 in a research note on Tuesday, November 5th. Raymond James cut their price target on shares of Toromont Industries from C$132.00 to C$122.00 in a research report on Wednesday, November 6th. Scotiabank decreased their price objective on Toromont Industries from C$136.00 to C$132.00 in a report on Wednesday, November 6th. National Bank Financial lowered Toromont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, BMO Capital Markets reduced their price target on Toromont Industries from C$143.00 to C$140.00 in a research report 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 stock. Based on data from MarketBeat.com, Toromont Industries presently has an average rating of “Hold” and an average price target of C$135.00.

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.