Toromont Industries (TSE:TIH) Price Target Raised to C$180.00

Toromont Industries (TSE:TIH) had its price objective hoisted by Raymond James Financial from C$172.00 to C$180.00 in a report issued on Thursday morning,BayStreet.CA reports.

TIH has been the subject of a number of other research reports. Royal Bank Of Canada raised their price objective on Toromont Industries from C$151.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. TD Securities raised their price target on Toromont Industries from C$180.00 to C$195.00 in a report on Wednesday, February 4th. BMO Capital Markets upped their price objective on shares of Toromont Industries from C$196.00 to C$210.00 in a report on Thursday. Scotiabank increased their price objective on shares of Toromont Industries from C$171.00 to C$175.00 and gave the company a “sector perform” rating in a research report on Monday, November 3rd. Finally, Canaccord Genuity Group boosted their target price on shares of Toromont Industries from C$160.00 to C$172.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Toromont Industries has an average rating of “Moderate Buy” and an average target price of C$190.38.

Toromont Industries Stock Up 3.9%

Shares of Toromont Industries stock opened at C$204.93 on Thursday. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04. The company has a market cap of C$16.69 billion, a P/E ratio of 33.87, a PEG ratio of 3.72 and a beta of 0.52. The firm’s 50 day moving average price is C$173.26 and its 200-day moving average price is C$160.26. Toromont Industries has a 52-week low of C$107.32 and a 52-week high of C$205.04.

Toromont Industries (TSE:TIH) last announced its earnings results on Tuesday, February 10th. The company reported C$1.92 earnings per share for the quarter. Toromont Industries had a net margin of 10.09% and a return on equity of 17.74%. The company had revenue of C$1.42 billion during the quarter. On average, sell-side analysts predict that Toromont Industries will post 6.5892495 EPS for the current fiscal year.

Toromont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, January 5th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Toromont Industries’s payout ratio is 33.72%.

Insiders Place Their Bets

In other Toromont Industries news, insider Jennifer Cochrane sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of C$165.00, for a total value of C$825,000.00. Following the transaction, the insider directly owned 12,012 shares in the company, valued at C$1,981,980. The trade was a 29.39% decrease in their position. 0.27% of the stock is owned by insiders.

Key Stories Impacting Toromont Industries

Here are the key news stories impacting Toromont Industries this week:

• Positive Sentiment: Q4 beat and dividend streak: Coverage highlights Toromont’s Q4 outperformance and its 37th consecutive dividend increase, reinforcing income and growth narratives that support a higher multiple. Article Title
• Positive Sentiment: BMO Capital raised its price target from C$196 to C$210, implying roughly a mid‑single‑digit upside vs recent levels — a bullish signal from a major Canadian bank on execution and margin outlook. Article Title
• Positive Sentiment: RBC raised its target from C$180 to C$207, now implying upside versus the recent price and reinforcing institutional confidence in Toromont’s model. Article Title
• Neutral Sentiment: Canaccord raised its target to C$200 (from C$172) but that level sits roughly in line/just below the recent trading level, signaling recognition of progress but a more conservative view on valuation upside. Article Title Article Title
• Negative Sentiment: Raymond James raised its target to C$180 from C$172, but that level implies roughly mid‑single‑digit downside versus recent trading, suggesting some analysts remain cautious on near‑term valuation despite the operational beat. Article Title
• Neutral Sentiment: For context, Toromont’s fundamentals show solid margins (net margin ~10%), ROE near 18%, trailing EPS of C$1.92 for the quarter and analyst consensus pointing to continued earnings growth — factors supporting a premium multiple but keeping valuations under scrutiny.
• Neutral Sentiment: Earnings call transcript is available for deeper read on management’s outlook and guidance; investors should review margins, backlog, and capital allocation commentary for signals on sustainability of growth. Article Title

Toromont Industries Company Profile

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates primarily in Canada and derives a smaller portion of sales from the United States of America.