Scott Medhurst sells 300 shares of Toromont Industries Ltd. (TSE: TIH)
Toromont Industries Ltd. (TSE:TIH – Get Rating) Director Scott Medhurst sold 300 shares of the company in a trade on Thursday, August 25. The stock was sold at an average price of CA$108.46, for a total transaction of CA$32,538.00. Following completion of the transaction, the administrator now directly owns 193,229 shares of the company, valued at approximately C$20,957,617.34.
Scott Medhurst also recently made the following trade(s):
- On Wednesday August 10, Scott Medhurst sold 100 shares of Toromont Industries. The shares were sold at an average price of CA$105.13, for a total transaction of CA$10,513.00.
- On Monday, August 8, Scott Medhurst sold 100 shares of Toromont Industries. The stock was sold at an average price of CA$104.88, for a total transaction of CA$10,488.00.
- On Monday, June 13, Scott Medhurst sold 1,000 shares of Toromont Industries. The stock was sold at an average price of CA$105.20, for a total transaction of CA$105,200.00.
- On Friday, June 10, Scott Medhurst sold 100 shares of Toromont Industries. The stock was sold at an average price of CA$105.81, for a total transaction of CA$10,581.00.
Toromont Industries is trading down 0.4%
TSE:TIH traded lower C$0.40 on Monday at midday, hitting C$105.09. 54,032 shares of the company were traded, compared to its average volume of 137,272. Toromont Industries Ltd. has a 12-month low of C$93.25 and a 12-month high of C$124.25. The company has a market cap of C$8.63 billion and a price-earnings ratio of 23.65. The company has a debt ratio of 32.09, a current ratio of 2.32 and a quick ratio of 1.36. The company has a 50-day moving average price of C$104.27 and a 200-day moving average price of C$109.91.
Toromont Industries (TSE:TIH – Get Rating) last released its quarterly results on Tuesday, July 26. The company reported EPS of C$1.34 for the quarter, beating analyst consensus estimates of C$1.22 by C$0.12. The company posted revenue of C$1.08 billion in the quarter, versus a consensus estimate of C$1.18 billion. On average, sell-side analysts predict that Toromont Industries Ltd. will show 5 earnings per share for the current year.
Toromont Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5. Shareholders of record on Tuesday, July 5 received a dividend of $0.39. The ex-dividend date was Wednesday, June 8. This represents an annualized dividend of $1.56 and a dividend yield of 1.48%. Toromont Industries’ dividend payout ratio (DPR) is 33.18%.
Changes to analyst ratings
Several research companies have recently published reports on TIH. CIBC lowered its target price on Toromont Industries shares from C$125.00 to C$107.00 in a Wednesday, July 13 research report. National Bankshares downgraded shares of Toromont Industries from an ‘outperform’ rating to a ‘holding’ rating and cut its price target for the company from C$127.00 to C$109.00 in a report Tuesday, July 12. Royal Bank of Canada lowered its price target on Toromont Industries from C$129.00 to C$122.00 and set an “outperform” rating for the stock in a Thursday, July 28 report. National Bank Financial upgraded Toromont Industries from an “outperforming overweight” rating to an “outperforming sector overweight” rating in a Tuesday, July 12 research report. Finally, BMO Capital Markets lowered its price target on Toromont Industries from CA$130.00 to CA$120.00 in a Thursday, July 28 research note. Three analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “moderate buy” and an average price target of C$120.44.
About Toromont Industries
(Get a rating)
Toromont Industries Ltd. provides specialty capital goods in Canada, the United States and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment is engaged in the sale, rental and maintenance of mobile equipment for Caterpillar and other manufacturers; sale, rental and maintenance of engines used in various applications, including industrial, commercial, marine, truck and power generation trucks; and the sale of complementary and related products, parts and services.
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