Toromont Industries Ltd (TSE:TIH) Senior Officer Paul Randolph Jewer Sells 200 Shares

Toromont Industries Ltd (TSE:TIH) Senior Officer Paul Randolph Jewer sold 200 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of C$65.00, for a total transaction of C$13,000.00. Following the completion of the transaction, the insider now directly owns 4,800 shares in the company, valued at C$312,000.

Paul Randolph Jewer also recently made the following trade(s):

  • On Wednesday, August 21st, Paul Randolph Jewer sold 1,000 shares of Toromont Industries stock. The shares were sold at an average price of C$63.13, for a total transaction of C$63,130.00.
  • On Thursday, August 1st, Paul Randolph Jewer sold 5,000 shares of Toromont Industries stock. The shares were sold at an average price of C$66.10, for a total transaction of C$330,500.00.
  • On Tuesday, July 30th, Paul Randolph Jewer sold 100 shares of Toromont Industries stock. The shares were sold at an average price of C$65.71, for a total transaction of C$6,571.00.

Shares of TIH remained flat at $C$64.80 during trading hours on Friday. 77,108 shares of the company were exchanged, compared to its average volume of 132,547. The company has a current ratio of 1.56, a quick ratio of 0.61 and a debt-to-equity ratio of 49.44. The stock has a 50 day moving average price of C$63.64 and a two-hundred day moving average price of C$64.45. Toromont Industries Ltd has a one year low of C$51.02 and a one year high of C$70.62. The stock has a market cap of $5.29 billion and a P/E ratio of 19.70.

Toromont Industries (TSE:TIH) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$0.94 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.88 by C$0.06. The firm had revenue of C$978.32 million for the quarter, compared to the consensus estimate of C$959.40 million. As a group, sell-side analysts expect that Toromont Industries Ltd will post 3.92 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, September 5th. Toromont Industries’s payout ratio is currently 30.40%.

A number of research analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Toromont Industries from C$72.00 to C$74.00 in a research note on Friday, July 26th. Raymond James reissued an “outperform” rating and set a C$75.00 price target on shares of Toromont Industries in a research report on Friday, July 26th. Royal Bank of Canada dropped their price target on shares of Toromont Industries from C$65.00 to C$64.00 in a research report on Monday, July 22nd. CIBC raised their price target on shares of Toromont Industries from C$68.00 to C$69.00 in a research report on Friday, July 26th. Finally, National Bank Financial raised shares of Toromont Industries from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$65.00 to C$71.00 in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Toromont Industries currently has a consensus rating of “Buy” and a consensus price target of C$70.00.

About Toromont Industries

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 is involved 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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