Randall Casson Sells 4,300 Shares of Toromont Industries Ltd (TIH) Stock
Toromont Industries Ltd (TSE:TIH) Director Randall Casson sold 4,300 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of C$57.25, for a total transaction of C$246,175.00.
Randall Casson also recently made the following trade(s):
- On Thursday, August 31st, Randall Casson sold 8,000 shares of Toromont Industries stock. The shares were sold at an average price of C$53.60, for a total transaction of C$428,800.00.
Toromont Industries Ltd (TSE TIH) opened at 57.68 on Friday. The firm has a 50-day moving average of $49.03 and a 200 day moving average of $47.21. Toromont Industries Ltd has a 52 week low of $38.35 and a 52 week high of $58.09. The firm has a market capitalization of $4.53 billion and a PE ratio of 28.44.
Toromont Industries (TSE:TIH) last posted its earnings results on Tuesday, July 25th. The company reported C$0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.04). The company had revenue of C$530.93 million during the quarter, compared to the consensus estimate of C$550.60 million. Toromont Industries had a net margin of 7.62% and a return on equity of 17.80%. Analysts predict that Toromont Industries Ltd will post $2.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, September 7th.
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Several research firms recently commented on TIH. TD Securities upgraded shares of Toromont Industries from a “hold” rating to a “buy” rating and upped their price target for the company from C$48.00 to C$65.00 in a research report on Wednesday. National Bank Financial upped their price target on shares of Toromont Industries from C$55.00 to C$60.00 and gave the company an “outperform” rating in a research report on Tuesday, September 5th. Scotiabank upped their price target on shares of Toromont Industries from C$47.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 29th. Raymond James Financial, Inc. upped their price target on shares of Toromont Industries from C$55.00 to C$58.50 and gave the company an “outperform” rating in a research report on Tuesday, August 29th. Finally, Canaccord Genuity upped their price target on shares of Toromont Industries from C$50.00 to C$58.00 and gave the company a “buy” rating in a research report on Tuesday, August 29th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$55.64.
Toromont Industries Company Profile
Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.
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