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

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 stock was 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 shares were sold at an average price of C$121.25, for a total transaction of C$606,250.00.

Toromont Industries Stock Down 0.5 %

Shares of TSE TIH opened at C$115.01 on Wednesday. Toromont Industries Ltd. has a 1 year low of C$109.83 and a 1 year high of C$135.53. The firm has a 50-day simple moving average of C$118.16 and a two-hundred day simple moving average of C$120.19. The company has a market cap of C$9.38 billion, a P/E ratio of 18.68, a PEG ratio of 3.72 and a beta of 0.68. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38.

Toromont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, April 4th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, March 7th. This represents a $2.08 dividend on an annualized basis and a yield of 1.81%. This is a boost from Toromont Industries’s previous quarterly dividend of $0.48. Toromont Industries’s payout ratio is presently 31.18%.

Wall Street Analyst Weigh In

Several research firms have commented on TIH. National Bankshares increased their price objective on shares of Toromont Industries from C$126.00 to C$133.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Scotiabank increased their price target on shares of Toromont Industries from C$132.00 to C$133.50 and gave the company a “sector perform” rating in a report on Thursday, February 13th. CIBC lifted their price target on Toromont Industries from C$129.00 to C$131.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Raymond James upped their price objective on Toromont Industries from C$122.00 to C$130.00 and gave the company a “market perform” rating in a research report on Thursday, February 13th. Finally, National Bank Financial upgraded Toromont Industries from a “hold” rating to a “strong-buy” rating in a report on Sunday, December 15th. Three equities research 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. According to data from MarketBeat, Toromont Industries presently has a consensus rating of “Moderate Buy” and a consensus target price 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.