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 business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of C$120.00, for a total transaction of C$600,000.00.

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

• On Monday, May 12th, Jennifer Cochrane sold 5,000 shares of Toromont Industries stock. The stock was sold at an average price of C$116.00, for a total transaction of C$580,000.00.
• On Monday, March 17th, Jennifer Cochrane sold 5,000 shares of Toromont Industries stock. The stock was sold at an average price of C$115.00, for a total transaction of C$575,000.00.

Toromont Industries Price Performance

TSE TIH opened at C$121.55 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.38 and a debt-to-equity ratio of 23.04. The company has a fifty day simple moving average of C$115.83 and a 200 day simple moving average of C$115.92. The company has a market cap of C$9.91 billion, a P/E ratio of 19.74, a P/E/G ratio of 3.72 and a beta of 0.68. Toromont Industries Ltd. has a 1 year low of C$107.32 and a 1 year high of C$134.88.

Toromont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Thursday, July 3rd will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, June 6th. Toromont Industries’s dividend payout ratio is currently 31.18%.

Analysts Set New Price Targets

Several analysts have commented on the stock. TD Securities decreased their target price on shares of Toromont Industries from C$143.00 to C$136.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Raymond James decreased their target price on shares of Toromont Industries from C$130.00 to C$122.00 and set a “market perform” rating for the company in a research report on Friday, May 2nd. Scotiabank decreased their target price on shares of Toromont Industries from C$133.50 to C$128.00 and set a “sector perform” rating for the company in a research report on Friday, May 2nd. BMO Capital Markets decreased their target price on shares of Toromont Industries from C$130.00 to C$128.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, CIBC decreased their target price on shares of Toromont Industries from C$130.00 to C$120.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$129.63.

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.